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Echo News Southend United consortium ‘risk taking on club with no assets’

Forums New posts
Tommy2holes said:
How does this even work.

So they will own the club. What is the club. The name and players contracts etc?

What's to stop Ron barring the club from playing at roots hall and leaving "the club" homeless.

Will the consortium have to sign a lease agreement for X amount of years.

Can the consortium still renovate or will they even want to.

Surely, owning roots hall is the key to success. I'm not sure I see how this works.
Click to expand...
I believe the sale comes with a lease to play at RH for up to 25 years or when POSU assumes ownership.

You are right would you want to spend excessively on a stadium you don’t yet own. That said if it a repairing lease basis you would have to spend enough to maintain it. Spending enough to make parts of the ground we can fill would probably make commercial sense. As would certain refurbishment that would allow increased hospitality income and would pay for itself. And pop up type hospitality a las Ebbsfleet would be a low cost high return option?
 
stephencummins said:
I'll just lurk then. Just want to listen and learn.
Click to expand...
You're very welcome to lurk, and express the odd opinion on:
  • whether Jack Bridge should get his crosses in earlier,
  • the quality of the catering,
  • what lurks behind the door of the first cubicle in the West Stand gents toilets,
  • who out of Bart or Flavs was the better 'keeper.
Just keep it free of politics please!
 
Shrimpergonzo said:
You're very welcome to lurk, and express the odd opinion on:
  • whether Jack Bridge should get his crosses in earlier,
  • the quality of the catering,
  • what lurks behind the door of the first cubicle in the West Stand gents toilets,
  • who out of Bart or Flavs was the better 'keeper.
Just keep it free of politics please!
Click to expand...
Grand, fair enough!
 
Cricko said:
Also where you sit under your real name of Tarquin Fin-tim-lin-bin-whin-bim-lim-bus-stop-F’tang-F’tang-Olé-Biscuitbarrel
Click to expand...
I'm more Malcolm Peter Brian Telescope Adrian Umbrella Stand Jasper Wednesday (pops mouth twice) Stoatgobbler John Raw Vegetable (whinnying) Arthur Norman Michael (blows squeaker) Featherstone Smith (whistle) Northcott Edwards Harris (fires pistol, then 'whoop') Mason (chuff-chuff-chuff-chuff) Frampton Jones Fruitbat Gilbert (sings) 'We'll keep a welcome in the' (three shots) Williams If I Could Walk That Way Jenkin (squeaker) Tiger-drawers Pratt Thompson (sings) 'Raindrops Keep Falling On My Head' Darcy Carter (horn) Pussycat (sings) 'Don't Sleep In The Subway' Barton Mainwaring (hoot, 'whoop') Smith
 
kentblues said:
I believe the sale comes with a lease to play at RH for up to 25 years or when POSU assumes ownership.

You are right would you want to spend excessively on a stadium you don’t yet own. That said if it a repairing lease basis you would have to spend enough to maintain it. Spending enough to make parts of the ground we can fill would probably make commercial sense. As would certain refurbishment that would allow increased hospitality income and would pay for itself. And pop up type hospitality a las Ebbsfleet would be a low cost high return option?
Click to expand...
Surely if you lease it the onus maybe obligation is on the landlord to maintain the premises, and we know the current owner doesn't do that and doesn't want to do that going forward. I am glad it isn't my decision

Then what happens if we do not get the ground in the end, we would need to find a new home or a new land lord or maybe build a new ground? Those issues are further a field short term we need a solution and so far today things have been positive
 
Westcliff DGS said:
Surely if you lease it the onus is on the landlord to maintain the premises, and we know the current owner doesn't do that and doesn't want to do that going forward. I am glad it isn't my decision
Click to expand...
Oh, I see you have wisely never been in the pub industry!!

Commercial leases tend to be on a full repairing basis- the lessee maintains and is often then treated to a big bill at the end even if they believe they have complied!
 
Westcliff DGS said:
Surely if you lease it the onus maybe obligation is on the landlord to maintain the premises, and we know the current owner doesn't do that and doesn't want to do that going forward. I am glad it isn't my decision

Then what happens if we do not get the ground in the end, we would need to find a new home or a new land lord or maybe build a new ground? Those issues are further a field short term we need a solution and so far today things have been positive
Click to expand...
No, commercial leases it's more normal for tenant to maintain
 
kentblues said:
Oh, I see you have wisely never been in the pub industry!!

Commercial leases tend to be on a full repairing basis- the lessee maintains and is often then treated to a big bill at the end even if they believe they have complied!
Click to expand...
Still worries me at 150k per year, think thats what Tom and Ron said it cost per year to maintain. However as i say lots of positives today so fingers crossed
 
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