Breaking News SO when will the takeover go through? Council / Citizen Housing agree new Heads of Terms 26 June

[Spaceman Spiff]

https://twitter.com/x/status/1801896844684890225

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Good work Cllr Cowan - that all sounds fine to me. **** or bust next Friday it is then.

Ron, Jack the time for peeing about is past. This is the deal. Take it or you’ll have no Fossetts, no sale of SUFC, no SUFC and no hope of getting yourselves out of the massive debt hole you’re in. The sky will go dark with all the chickens coming home to roost.

 

[hlane17]

https://twitter.com/x/status/1801896844684890225

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Finally showing some stones and firing a shot across the Rats' bow.

 

[Dutch Branch]

Fair play to the council. Ronald is in a corner now and he will be spitting teeth and I’m pleased that he will get nada if COSU don’t get the club.

 

[Spaceman Spiff]

I don’t mind that update from SCC. They have shown some bollocks and issued the pair of Rats an ultimatum. About time.

It was always the only way anything would actually happen with those two. Will it work? It has to, (or it’s) end of (SUFC).

 

[Che's Left Foot]

In short, if COSU walk, so will we and we will not return for any future negotiations.

Good on the council. Time's up Ratman.

 

[Streaky]

Very good message from Councillor Cowan. Rat family have the weekend to think it through and only 6 days to accept or it all off

 

[JD]

No more shenanigans.

Very good update, albeit this should have happened a long time ago.

I assume by reverting back to 2021’s deal they mean no stadium BUT still replaced by a more appropriate mix of residential - and not just a stadium sized hole?

 

[bazzashrimper]

Some questions I would have are:

- have they indicated they will accept this (Tribal suggested they have)
- if they do accept, what does the roadmap for delivery look like? Is there more due diligence, auditing etc to be done?

I don’t want to think about the not accepting. This question is for pessimists (and hopefully not realists this time).

 

[Blue Yonder]

He inextricably links the development with the sale of the club. Hopefully that puts to bed once and for all the theory Ron wants to let the club die and build on both sites. Sale of club doesn’t happen and he’s stuffed on the basis of that update.

 

[Medway Blue]

No more shenanigans.

Very good update, albeit this should have happened a long time ago.

I assume by reverting back to 2021’s deal they mean no stadium BUT still replaced by a more appropriate mix of residential - and not just a stadium sized hole?

Yes, the reference to 2021 is just in terms of residential mix, etc.

They've essentially laid out exactly what their external advice says will get through DD and audit, and stand a good chance of passing planning. Any other offers or proposed changes by the Martins are a waste of time. It's this or nothing.

 

[Callumturner22]

Much better update they have given him a deadline and a take it or you end up with nothing option .

 

[OldBlueLady]

This update from the council is very good in my opinion. The Martins needed to know categorically that there are no other options for them.

And forces their hand ahead of the WUO

 

[Smiffy]

Roll on next Friday then. It ends one way or another and I am ready for it.

 

[Medway Blue]

Some questions I would have are:

- have they indicated they will accept this (Tribal suggested they have)
- if they do accept, what does the roadmap for delivery look like? Is there more due diligence, auditing etc to be done?

I don’t want to think about the not accepting. This question is for pessimists (and hopefully not realists this time).

On the first one re. Tribal, I don't know. I hadn't heard what he had heard, as I was under the impression that the Martins hadn't had the Council's response yet.

On point 2, if the Martins accept, there will likely still need to be some DD undertaken. Hopefully, though, COSU would be able to take a lot of confidence if it can be demonstrated that the proposed deal will make it through DD and audit?

 

[AlfaShrimper]

Excellent statement really! All the pressure back on Ron and we will be there if and when he ****s it up!

 

[Robert Baldwin]

So what if the Martins let’s the club go bust and gamble on the Government over ruling the council? Could COSU buy the stadium out of administration.

 

[NZamba Legend]

But if the Ron family say no, and we all know they might, is it realistic for both the council and COSU to walk away? The latter more so I guess. But the council will still need the houses built and Ron will still need to build them. Not sure the council are in a position to issue ultimatums like this, although I do admire it. Again it comes down to the council and the owner deciding just how important the football club is in any of this. The houses will eventually get built on this land one way or another, that will definitely happen, but will the club survive? (Sorry I know you all know this, just trying to work it through myself)

 

[SeldomSeenShrimper]

But if the Ron family say no, and we all know they might, is it realistic for both the council and COSU to walk away? The latter more so I guess. But the council will still need the houses built and Ron will still need to build them. Not sure the council are in a position to issue ultimatums like this, although I do admire it. Again it comes down to the council and the owner deciding just how important the football club is in any of this. The houses will eventually get built on this land one way or another, that will definitely happen, but will the club survive? (Sorry I know you all know this, just trying to work it through myself)

I think they know that realistically, this development won't happen smoothly if the club dies

The fans will put as many obstacles in the way as we possibly can

 

[GBJ]

Roll on next Friday then. It ends one way or another and I am ready for it.

Agreed. One way or another this has to be resolved & as much as I don’t want this to be the end of our club, we simply cannot keep treading water.

I wouldn’t be surprised to see COSU issue a similar statement & also give a hard deadline of Friday. Either the deal is done, or they’re off.

 

[Shrimperjohn]

Just reading the council letter again and isn’t the deal not only contingent on BOTH Citizen Housing and the Martins accepting it. What if the Martins agree and Citizen Housing don’t.