Sale of Southend United to Justin Rees and his consortium

[mark387]

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I knew he would do that see post #55

 

[Spaceman Spiff]

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It’s amazing how some people are just totally immune to the perspectives of the rest of humanity, no matter what. He’s up there with Pol Pot in terms of reasonableness and compassion for others.

 

[Barling Magna]

JR says

'Administration impacts the Club significantly, on and off the pitch, as well as its numerous creditors who have supported the Club financially for many years.
As such, it has been our strong preference to avoid Administration, however this is of course not within our control.'

If, as a result of administration, the club remains under embargo and is docked another 10 points or more, they may feel the cost of turning the club around becomes too onerous and walk away

I'm not sure that they would. There are some very poor teams in the NL this year. Even with another 10 point reduction I think we could avoid relegation. It could be more than 10 points though.....

 

[meerkat54]

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Who is the WE ?

 

[leeblue]

Ron will not give a single penny to sort roots hall....game over on this point alone

 

[bazzashrimper]

It also puts pressure on the council to enable the housing at fossetts without a stadium - to get rat his gold.

 

[dusterman]

After having some time to digest this it smacks of we tried really hard. Ron’s a dick, but don’t come after me, I did my best. Which is fair enough given who they are dealing with.

 

[Cricko]

Ron will not give a single penny to sort roots hall....game over on this point alone

If he does not have to spend 30 mill (his words) on a new stadium at FF, why not?

 

[Medway Blue]

Been in dialogue with a Councillor that is a whole different matter.

Correction. Leader of the Council. He's not the only council bod he's been in dialogue with either.

You're prerogative to downplay it of course, but read between the lines of what I say. I stand by it.

 

[shrimperjon]

is there a chance that the Council could provide a short term loan to clear the debt to prevent the WUP. Dont know how this would impact the deal going forward but hasnt such an idea been mentioned previously and wasnt it this that was discussed in the council meeting a few weeks ago. Would the Court accept from the trust/council or would Ron have to accept? Surely this would prevent the chance of Admin and or WUP. Sorry not a legal or finance man but thought this had previously been mentioned

 

[Barling Magna]

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If nothing else JR has flushed Ron out. No doubt his statement will clarify zilch though.

 

[onceknownasrab]

They can CPO whatever they want but would need to pay close to market price for it.

They need to show there is a compelling case in the publics interest. I think that has been a given for years and Homes England also have the power to CPO and it begs the question why haven't they?

 

[in the know]

Alternatively I read ......that the consortiums 'preferred' choice wouldnt be administration
Possibly inferring it's not a showstopper. Just preferable to dealing with the purchase post administration.

 

[southendkid]

Who is the WE ?

Maybe Ron views himself as the king of Southend and is using the royal we.

 

[Cricko]

Maybe Ron views himself as the king of Southend and is using the royal we.

He has thought that for many years.

 

[Yorkshire Blue]

Really interesting statement. Not at all a tribute to the late Colin Murphy.

Intrigued by how this consortium came about (particularly JR’s involvement) but encouraged by what seems a collaborative approach.

As others have picked up this does seem to centre around what contribution RM will make from his development project. Far from being rid of the rat, our future seems closely tied.

Which training ground do they refer to? The existing Boots and Laces or the £2m training pitches with no facilities? If B&L I can’t imagine Ron will be chuffed at spending all that on the new training pitches.

 

[Jmayhew32]

What will happen is that Ron will release a statement that is equally well-worded but everyone will say it isn't and that Ron's statement is full of lies (and to be fair history is not on his side).

We all get excited over the must-be truth of Justin's statement but the only truth is that no-one really knows who is telling the truth and who's lying, not even those claiming to be ITK.

We just have to wait for this to reach its natural end, be it one way or the other, and for all fans, myself included, this realisation is highly frustrating and emotionally draining.

 

[defender05]

It's a nice statement but the problem still is if those two bids are not near the asking price then they won't be accepted and we don't know how far apart they are.

 

[shrimperjon]

What will happen is that Ron will release a statement that is equally well-worded but everyone will say it isn't and that Ron's statement is full of lies (and to be fair history is not on his side).

We all get excited over the must-be truth of Justin's statement but the only truth is that no-one really knows who is telling the truth and who's lying, not even those claiming to be ITK.

We just have to wait for this to reach its natural end, be it one way or the other, and for all fans, myself included, this realisation is highly frustrating and emotionally draining.

I think i know who to believe. Not sure Justin, The Trust or others mentioned in the statement including MPs/Councillors have anything to gain from lying. Ron on the other hand ......

 

[Supa Shrimpa]

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Exact;y ! You're racked up £20m of debt, so giving it away will be a bonus if someone's prepared to take it. Stop being so bloody greedy, you rat !