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SUFC: The Future SUFC up for sale

Our hopes and visions for the rebirth of Southend United, plus any plans published by the consortium for discussion
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even in 2021 the club is turrning over 3.9 million .. 2020 5million 2019 7million

these are good robust established revenue streams ... the business, the club is essentially sound.
They aren't bad, but you can't look at just one side of a business. You have to look at expenditure as well. Without that you can't say if the revenue is good enough.
the business is saddled with RM mythical debt and loads of bullsh++ but essentially there is enough money coming in to run a professional football club.
Again, on the face of it you might be right, but without looking at costs you simply don't know. The debt to RM is irrelevant because it doesn't cost SUFC anything. It's not a cost because we're not paying it back and not paying interest.
The problem is not the club being unprofitable..,
Yes it is. It might be that new owners could turn that around. I would certainly hope so, but at the moment the business isn't anywhere near profitable.
Anyone can see that the club is sustainable at NL level with this sort of turnover -
Really? Do you realise how arrogant that is? The club can be made sustainable, but it simply isn't in its current form. Again, you're falling into the trap you always fall into. You think the only number that means anything is revenue. That simply isn't that case.
the ONLY problem is the owner ...
Now, there's something we agree on!
 
And I wonder how many vitriolic posts there'll be on the 23rd if we incur the anticipated 10 point penalty.
None, we are a forum of peace and love brother.



Woodstock at 40: Fields of Fashion – WWD
 
Cheers mate, it’s been a bit quiet round here the last few months, so we could always use the extra work. The boss will have us sweeping the floors soon :Winking:

Gert team of volunteers in on Sunday. The boss will save fortune.
 
So…..

Ron had talked about selling RH but he doesn’t own it.

Julie, Jack and Tom own it.

Should we not perhaps be seeking their asking price?

@CRATE is this not a lead to follow up.

Could we not interview them rather then Ron as they own the ground. should they have not been responsible for the upkeep.

If they own it then they have some responsibility on what’s going on.
 
even in 2021 the club is turrning over 3.9 million .. 2020 5million 2019 7million

these are good robust established revenue streams ... the business, the club is essentially sound.

the business is saddled with RM mythical debt and loads of bullsh++ but essentially there is enough money coming in to run a professional football club.

The problem is not the club being unprofitable..,

Anyone can see that the club is sustainable at NL level with this sort of turnover -

the ONLY problem is the owner ...

Its a bargain at only £1 so why haven't you made an offer.

You have claimed the club makes about £2m year. So £4.5m for RH is another bargain. That's a yield of over 40%

Have your ever worked for a guy named Bernie Madoff?
 
So…..

Ron had talked about selling RH but he doesn’t own it.

Julie, Jack and Tom own it.

Should we not perhaps be seeking their asking price?

@CRATE is this not a lead to follow up.

Could we not interview them rather then Ron as they own the ground. should they have not been responsible for the upkeep.

If they own it then they have some responsibility on what’s going on.
I wouldn't get caught up with the notion that Ron doesn't own RH - he has merely transferred the liability to another family member to protect the longevity of the asset.

He still makes the decisions.
 
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