SUFC: The Future SUFC up for sale

[Yer Blues]

Did our beloved leader ever pass a “fit and proper test” ? If he did, it’s a perfect illustration of just how vacuous , meaningless and worthless such “tests” really were. !!

Lets hope updated versions are much more stringent.

The test was introduced in 2004 according to a 8 second search on Google.

So no. He wasn't asked to pass the test as it wasn't introduced until several years into his tenure.

 

[rootshall rambler]

What also isn’t helpful is those claiming to be ITK, when in fact they are using other peoples information and wording it differently, claiming it to be ITK.

There are a handful of people who are genuinely ITK, there are a few outside of this that know a lot of what is going on, but there is a hell of a lot claiming to be ITK. Seems to be even more since I went away on holiday too.

Fair point……. And I suspect there are those who delight in the kudos and status of being “ITK” more than others.…..which might explain why some claim it, whilst clearly having not much more insight than the rest of us.

 

[rootshall rambler]

The test was introduced in 2004 according to a 8 second search on Google.

So no. He wasn't asked to pass the test as it wasn't introduced until several years into his tenure.

A shame the tests were not applied retrospectively and on a repeat basis to cover that particular scenario.

( 7 seconds to think of that…. With no google)

 

[ColinMorrisWalksOnWater]

Not going to bite on all comments - but I think that what I said is common sense.

Take us out of it and let’s say Kimura made an offer back then. Again, it would likely have been a better offer for Ron when the gun isn’t pointing at his head.

Urgency to sell doesn’t help the seller.

Is it sour grapes? Maybe a little, of course I wanted to achieve one of my boyhood dreams - *but* it’s probably more frustration that the pain inflicted on so many: fans, staff, etc could have been avoided had Ron Martin had common courtesy to respond, sign an NDA and at least look at our proof of funds and offer.

The fact he didn’t respond, whilst simultaneously leaving all and sundry unpaid, is where my emotions in this matter are focused.

Hi Carl,

quality answer imho.

Serious question, Kimura complete the transaction. If at any time in the future the Kimura chaps were looking for further outside investment, could you see yourself or your associates being open to such a proposition.

Just me being curious no hidden agenda.

Cheers in advance.

 

[TheSouthendUnitedRunner]

Fair point……. And I suspect there are those who delight in the kudos and status of being “ITK” more than others.…..which might explain why some claim it, whilst clearly having not much more insight than the rest of us.

Quite possibly. Who knows what the motive is for those people.

I’m posting less and less ITK information, as it’s not worth it.

I’ve never got involved in financial stuff, it doesn’t really interest me. I’ve heard bits and pieces about the takeover, some posters like @Medway Blue have their fingers on the pulse with their information, others are miles off the mark. I’ve been speaking with a few other ITK posters via DMs about transfer targets, that’s more the stuff I’m interested in.

 

[stewart]

Quite possibly. Who knows what the motive is for those people.

I’m posting less and less ITK information, as it’s not worth it.

I’ve never got involved in financial stuff, it doesn’t really interest me. I’ve heard bits and pieces about the takeover, some posters like @Medway Blue have their fingers on the pulse with their information, others are miles off the mark. I’ve been speaking with a few other ITK posters via DMs about transfer targets, that’s more the stuff I’m interested in.

Good post like you i believe all will be settled soon and we will all be pleasantly surprised . the news im most interested to hear is that we are out of the embargo all debts have been paid off and the club is finally debt free , then and only then will i start to worry about transfer targets etc ..All Kev and co can do at the present is ask the prospective targets to be patient aa few more weeks because they believe good times are coming, then its up to the players and their managers to trust them .

 

[Carl]

Hi Carl,

quality answer imho.

Serious question, Kimura complete the transaction. If at any time in the future the Kimura chaps were looking for further outside investment, could you see yourself or your associates being open to such a proposition.

Just me being curious no hidden agenda.

Cheers in advance.

I’d already offered openly to introduce any investor to any team. I’d also do anything I can to help any new regime if they’re the right kind of people (most are I’d imagine)

 

[danbowen]

Quite possibly. Who knows what the motive is for those people.

I’m posting less and less ITK information, as it’s not worth it.

I’ve never got involved in financial stuff, it doesn’t really interest me. I’ve heard bits and pieces about the takeover, some posters like @Medway Blue have their fingers on the pulse with their information, others are miles off the mark. I’ve been speaking with a few other ITK posters via DMs about transfer targets, that’s more the stuff I’m interested in.

Can we have some hints??

 

[Hadleigh-shrimper]

Quite possibly. Who knows what the motive is for those people.

I’m posting less and less ITK information, as it’s not worth it.

I’ve never got involved in financial stuff, it doesn’t really interest me. I’ve heard bits and pieces about the takeover, some posters like @Medway Blue have their fingers on the pulse with their information, others are miles off the mark. I’ve been speaking with a few other ITK posters via DMs about transfer targets, that’s more the stuff I’m interested in.

We do appreciate stuff you put though don’t let a few people spoil it. Even when you are limited we still appreciate it

 

[The Original Tribal Chief]

The only sour grapes I have is that Simon Jackson went to my school and entered the same profession as I did, in a far less esteemed firm, eight years after me. And he's involved in buying Southend United and I'm still shopping at Walmart. I thought shoving hundreds of thousands of pounds worth of riot powder up the bugle was a sound fiscal decision, but apparently not.

 

[Blues4LifeDan]

Not going to bite on all comments - but I think that what I said is common sense.

Take us out of it and let’s say Kimura made an offer back then. Again, it would likely have been a better offer for Ron when the gun isn’t pointing at his head.

Urgency to sell doesn’t help the seller.

Is it sour grapes? Maybe a little, of course I wanted to achieve one of my boyhood dreams - *but* it’s probably more frustration that the pain inflicted on so many: fans, staff, etc could have been avoided had Ron Martin had common courtesy to respond, sign an NDA and at least look at our proof of funds and offer.

The fact he didn’t respond, whilst simultaneously leaving all and sundry unpaid, is where my emotions in this matter are focused.

I'd imagine that it's equally as blood boiling for you and fans alike, for the fact he sat there on Zoom and swore there were no interested parties. He kept reiterating that no one would buy us while we remained at Roots Hall because of how much money we were losing. It seemed logical at the time. It's not good knowing you were in the background with an offer readily available and he wouldn't even listen. It would have been understandable if no one was suffering while he was lying, but lots of people were, and still are.

All should be over soon. The patience will be worth it!

 

[Hawkwell Blue]

Can’t we all pretend it’s 40 years ago, no social media so no drama or speculation, and we rely on Roger Buxton and the Southend Standard for the news. Simples.

 

[Sunnyshrimper]

I think the touch of sour grapes is probably the 5% of what he said about his consortium being a better offer for the club.

The rest seemed balanced and useful.

Also found it to be a well balanced take, an understandable frustration towards the lack of engagement from Ron but nothing more. Timing can be key, Ron is further up the creek without a paddle now. Just a thought, I wonder if Carl Reader and Simon Jackson / Kristofer Tremaine know one another? Small world, Carl & Simon must be similar in age and both attended Southend High School For Boys.

 

[Spaceman Spiff]

Just a thought, I wonder if Carl Reader and Simon Jackson / Kristofer Tremaine know one another. Small world, Carl & Simon must be similar in age and both attended Southend High School For Boys.

I’ve been wondering this. A few things might make a little more sense, particularly earlier in the year. Carl the stalking horse? I’ve heard crazier theories, but either way it doesn’t really matter in my opinion as long as the club is bought and put on an even keel, properly, for the long term.

 

[tommy tucker]

So as the buyer has passed the f a check on there position money wise Can they now tell the world that they are about to become new southend united owners or mot

 

[Hooly]

"Progress has certainly been made but the deal is not expected to be completed imminently."

In my opinion, 10-14 days ball park for completion. Depending on the amount of holes and bodies DD throws up.

All those involved will be well aware of the importance of time. But, with millions at stake, no corners will rightly be cut when it comes to DD.

As a commercial accountant for 45 years & having done DD reviews on a number of prospective purchases, including some very, very dodgy cash businesses where their reported outgoings were so far outside their income, sound familiar?, a purchase was entirely inappropriate I'd be very surprised if this goes smoothly.

The guys I worked for were "not strictly legal" so tax avoidance, well in most cases evasion, was a bit of a sport & I'd be very surprised having looked many times at the horrible complexity Crooked Ron has created over years in the myriad of accounts around the club there was a way through the murk. That's normal for a successful property developer to be honest but then they generally have the means to choose the project that he never has had.

I'd really, really not like to be the one signing this off.

 

[Tangled up in Blue]

Group edges closer to buying Southend United

THE Kimura led group have been granted exclusivity in their bid to buy Southend United.

www.echo-news.co.uk

This is how Chris Phillips sees it:_

 

[Boreham Blue]

Really? Has the club confirmed?

Which bit are you querying @Awooga ?

 

[Paulie Walnuts]

This joke of an FA fit person's test judging by some of the jokers who've bought clubs over the years is probably not what we should be concerned about.

The real worry for me, is given Ron's web of lies and deceit he may have spun to Kimura in regards to the real state of affairs at our club. He believes everyone else around him is stupid but this lot certainly will do their checks, leaving no stone unturned and this is where things could be at best stalled.

Lets hope the fact that he is now skint, under pressure from family to sell and getting on in terms of age may mean he is less likely to do his usual but with his track record I would be pleasantly surprised if this was straight forward.

 

[Awooga]

Which bit are you querying @Awooga ?

I can’t see any confirmation in the press from Ron or SUFC that kimura have exclusivity? Just journalistic suggestion. Have I read that wrong?