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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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If Ronaldo gets say 49% is it a possibility he will get all frothy in the background as he comes off his gasmic excitement over his fixation with regular Court Case appearances

Will he be sitting at the back of the Directors box or in meetings shouting the odd Tourette's like " Embargo "
 
Barry.C said:
If Ronaldo gets say 49% is it a possibility he will get all frothy in the background as he comes off his gasmic excitement over his fixation with regular Court Case appearances

Will he be sitting at the back of the Directors box or in meetings shouting the odd Tourette's like " Embargo "
Click to expand...
If Ron currently has 70+ percent of the shares, would 49% still then make him the majority share holder.

Need to get his holding down to less than 30%, but most importantly to zero eventually.
 
To be a bit more serious if it is the investment approach and one that bought out the 71 % of shares owned by SEL, is that effectively Rons share?
How does Ron retain a minority share stake?

I thought the other 29% was owned by a vast array of us, Would some share dealing need to take place?

If Ron retained a position of say 25%, a quarter of the club, surely he would still hold some influence?

What if the successful Consortium ends up with say 8 people putting up the money. How would they allocate the shares? Who would be chair, who would be on the Board,, Ron still? how would it work, presumably some new Company?

Would one or two members of the Consortium hold a larger share ?
Say things didnt go quite so well as expected could the 8 possibly fall out. Could Ron buy up a couple of their shares if 2 of the 8 say, owned 22% , Could Ronnie buy their shares and then claim a 51% holding. Whats to stop this?
 
Barry.C said:
To be a bit more serious if it is the investment approach and one that bought out the 71 % of shares owned by SEL, is that effectively Rons share?
How does Ron retain a minority share stake?

I thought the other 29% was owned by a vast array of us, Would some share dealing need to take place?

If Ron retained a position of say 25%, a quarter of the club, surely he would still hold some influence?

What if the successful Consortium ends up with say 8 people putting up the money. How would they allocate the shares? Who would be chair, who would be on the Board,, Ron still? how would it work, presumably some new Company?

Would one or two members of the Consortium hold a larger share ?
Say things didnt go quite so well as expected could the 8 possibly fall out. Could Ron buy up a couple of their shares if 2 of the 8 say, owned 22% , Could Ronnie buy their shares and then claim a 51% holding. Whats to stop this?
Click to expand...
Think we need Ron with 0% for the club to move forward. But you make some very good points.
 
Snowy said:
Think we need Ron with 0% for the club to move forward. But you make some very good points.
Click to expand...
Absolutely agree and Im confident practically everyone wants that, but ir doesnt look like happening sadly, but I accept it saves our club, but we need some cast iron protection against the return or influence of the Ron in any form
 
Barry.C said:
To be a bit more serious if it is the investment approach and one that bought out the 71 % of shares owned by SEL, is that effectively Rons share?
How does Ron retain a minority share stake?

I thought the other 29% was owned by a vast array of us, Would some share dealing need to take place?

If Ron retained a position of say 25%, a quarter of the club, surely he would still hold some influence?

What if the successful Consortium ends up with say 8 people putting up the money. How would they allocate the shares? Who would be chair, who would be on the Board,, Ron still? how would it work, presumably some new Company?

Would one or two members of the Consortium hold a larger share ?
Say things didnt go quite so well as expected could the 8 possibly fall out. Could Ron buy up a couple of their shares if 2 of the 8 say, owned 22% , Could Ronnie buy their shares and then claim a 51% holding. Whats to stop this?
Click to expand...
Just as an example - by holding a minority shareholding in whichever company ends up holding the 71% of SUFC shares that South Eastern Leisure currently owns.
 
Booma said:
www.echo-news.co.uk

Brady failed in bid to buy Southend United

FORMER Southend United chief executive Tara Brady has confirmed he tried to buy the club last month.
www.echo-news.co.uk www.echo-news.co.uk

At least there is acknowledgement of talks/bid. Seems to back up the rumours on here, but no further news. Was Brady the 3rd party? Or the Trojan horse?
Click to expand...
Not that I am aware of. Brady's bid was completely separate to the others.

Shame. Tara was a good guy, one of the best we have had working at this club. Wasn't everyones cup of tea, but myself, @Cricko @TrueBlue and many others got on very well with him and it was a shame he was messed around and had to leave.
 

Tara Brady failed in bid to buy Southend United​

21 mins ago
SOUTHEND UNITED FC
FOOTBALL
SPORT
By Chris Phillips@cjphillips1982Chief sports reporter
Share
1 Comment


Made an offer - former Southend United chief executive Tara Brady


FORMER Southend United chief executive Tara Brady has confirmed he tried to buy the club last month.

But under-fire club chairman Ron Martin has told the Echo, Brady’s plans were ‘not of sufficient interest.’

Brady - who was Blues’ chief executive between December 2010 and February 2012 - made the offer in mid-July and has since moved on to explore other opportunities in football.
However, he had been keen to make a Roots Hall return after seeing Martin put the club up for sale.

After being contacted by the Echo, Brady said: “I made a firm offer that I thought was fair for the football club.
“It was acknowledged but I haven’t heard back since then so I’ve moved on and I’m looking elsewhere.
“I can only imagine they must have better offers.”
Martin revealed back in March he was putting the club up for sale after 25 years in charge.
And, in a statement issued by Jez Moxey and the club’s selling agent General Sports Worldwide with approval from Martin, it has been confirmed that talks to sell the club are continuing.
“I have been authorised to confirm that Mr Martin is having private and confidential discussions with interested parties who have signed NDAs, shown proof of funds and demonstrated a seriousness about acquiring control of Southend United FC,” said the statement.
“Tara Brady’s WhatsApp approach to us and the contents of his messages were shared and considered but were not of sufficient interest to Mr Martin.
“Consequently, he decided not to pursue the matter with Mr Brady at that time.”
The statement added: “In addition, Mr Martin respectfully suggests that serious parties do not use the local media to talk about the possibility of a deal of this nature nor communicate their personal perspectives about such matters, even though he fully understands the supporters’ keen interest in what is happening with the sale and purchase of the club.

“No further comment will be made at this time but, naturally, when the club is able to share substantive information about this important process then it will do so with the approval of all parties involved.”
However, Shrimpers fan Liam Clark - who covers the club on his YouTube channel Shrimpers TV - is confused as to why Brady's offer was ignored.
"As a former chief executive it seems as though this would have been the perfect offer for Southend United and the history of the football club," said Clark.
"I don't know why it's been ignored and the news means the concerns of Southend United fans will grow once again over whether Ron Martin does in fact want the best for the football club as he previously stated when putting the club up for sale.
"As each day ticks by I feel like the football club is slipping away.
"I fear Southend United may cease to exist next season and if someone is willing to step in and stop that why isn't that being taken seriously?."
Blues battled throughout the summer to be able to start the National League season with staff going three months without being paid before receiving their salaries in late July.
The Shrimpers are also back in the High Court next Wednesday due to a winding up petition issued by HMRC and face a 10 point deduction if the outstanding fee, of £275,000 is not paid.
 
You have been warned! :ROFL:

“In addition, Mr Martin respectfully suggests that serious parties do not use the local media to talk about the possibility of a deal of this nature nor communicate their personal perspectives about such matters, even though he fully understands the supporters’ keen interest in what is happening with the sale and purchase of the club.

“No further comment will be made at this time but, naturally, when the club is able to share substantive information about this important process then it will do so with the approval of all parties involved.”
 
Is it a serious bid on a WhatsApp? If I popped a bid on the back of beer mat and posted it through Ron's letterbox does that count as a serious bid too?
 
Barry.C said:
To be a bit more serious if it is the investment approach and one that bought out the 71 % of shares owned by SEL, is that effectively Rons share?
How does Ron retain a minority share stake?

I thought the other 29% was owned by a vast array of us, Would some share dealing need to take place?

If Ron retained a position of say 25%, a quarter of the club, surely he would still hold some influence?

What if the successful Consortium ends up with say 8 people putting up the money. How would they allocate the shares? Who would be chair, who would be on the Board,, Ron still? how would it work, presumably some new Company?

Would one or two members of the Consortium hold a larger share ?
Say things didnt go quite so well as expected could the 8 possibly fall out. Could Ron buy up a couple of their shares if 2 of the 8 say, owned 22% , Could Ronnie buy their shares and then claim a 51% holding. Whats to stop this?
Click to expand...
There is also the stadium and that is owned by RHL. It would not be unusual to set up a “newco” and transfer ownership of the shares and any other relevant assets (e.g. the stadium) into that. New owners could then own 75% of the shares in that “newco” and Ron (likely through one of his companies) say 25%. They could go further and transfer the land for the new stadium at FF into “newco” as well, for example. Might be the cleanest approach.

SEL’s holding is 71%, they might want to get the holding above 75% by making on offer to existing director shareholders.
 
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