SUFC: The Future SUFC up for sale

[CRATE]

From Kimura "we are working on it"

From who at KIMURA?

 

[SPALDINGBLUE]

Wasn't the HMRC bill 275k? Is there 725k interest on that then?

Dont forget £250k to the lawyers thats owed as well

 

[Userorange]

I have a brother in law who has never lied to me through any statement he has ever made.

It’s what he omits to tell you marks him out as a devious conniving SOB

 

[JAL]

I would suggest, this opens up doors to all kinds of investors.

4.5M for Roots Hall is pennies. The right developer could get planning to build all around the stadium and the profits funding the club and redevelopment of Roots Hall.

Post the same I did on Twitter:

This is an absolute steal for Roots Hall.In theory you’re left with £1.3 million (after debts paid) if he was selling Roots Hall for how much it would’ve been with inflation. Surely you would do this?

 

[CRATE]

@CRATE if your positive then I might be too

Based on activity I’ve witnessed first hand on the past 30 minutes. We could be on our way!

 

[Fairport]

Will be very interesting to see who if anyone takes up the offer on those terms. The key being what the new owners plans will be in the medium and long term. Certainly, revenue streams can be increased with modernisation of Roots Hall but the club, like 90% of others will still operate at a loss. We need a new owner who is willing to accept that.

 

[5ufc]

From who at KIMURA?

I'm not sure I can say. But someone at the top

 

[Wickford Blue]

I am thick so need help.
If I were to give Ron £10 million he then has nothing to do with the club.
I own the ground and the Training ground. That might (does) need investment to keep it going for a few years but I have no obligation re Fossetts Farm? Ron can then go off and build whatever he likes on the Fossets farm land. The new Owners can then make their own decision on New Ground or re-develop Roots Hall.......or does Ron still have some hold over Roots hall in terms of Car Park and building flats etc..
Someone please help me

Also does Ron own the land at Fossets Farm and is he bound to build a Stadium there or can he build Houses/Flats instead?

 

[Shrimper Brownie]

Based on activity I’ve witnessed first hand on the past 30 minutes. We could be on our way!

What do you mean by activity Jack

 

[Alex]

So £4.5m for Roots Hall, hopefully including the surrounding land, carpark, shop etc. Forget the Stadium and bulldoze it down, How much is just that land worth? Given its got planning permission too

I'm not an expert but surely its worth well over £10m. Maybe someone else has a better valuation.

So any buyer could buy Roots Hall for the mentioned sale price, use it rent free and then develop it once Fossetts Farm stadium is built in 2/3 years time. Move into Fossetts and buy it for the £15m Ron mentioned he would charge and the new Southend owners have a great deal, or have the goal posts moved and the new owners would either buy it for the £38m Ron said it would cost to build or lease it.

 

[kentblues]

Still a very long way to go until we are taken over imo. If it was close this statement probably Wouldn’t have been needed. Very dark days ahead still.

We have a couple of weeks. That's it. Which is why he has put this on the table. If he had a long way to go zero chance he would put this on the table.

 

[GSW Shrimper]

If Kimura does accept this and buys the club and ground. They have already completed DD and done the fit and proper owner checks. So in reality this deal COULD be done fairly quick

 

[CRATE]

What do you mean by activity Jack

I think we will get some public activity in the next 24-48 hours. With people openly talking from the side of an interested buyer, RM NDA is now out the window! The protest worked

 

[5ufc]

I just hope its not sold to another property developer

 

[kentblues]

So £4.5m for Roots Hall, hopefully including the surrounding land, carpark, shop etc. Forget the Stadium and bulldoze it down, How much is just that land worth? Given its got planning permission too

I'm not an expert but surely its worth well over £10m. Maybe someone else has a better valuation.

So any buyer could buy Roots Hall for the mentioned sale price, use it rent free and then develop it once Fossetts Farm stadium is built in 2/3 years time. Move into Fossetts and buy it for the £15m Ron mentioned he would charge and the new Southend owners have a great deal, or have the goal posts moved and the new owners would either buy it for the £38m Ron said it would cost to build or lease it.

If you sold RH later as a development site for £30m then probably you would expect to pay the £38m??

 

[Shrimper Brownie]

I think we will get some public activity in the next 24-48 hours. With people openly talking from the side of an interested buyer, RM NDA is now out the window! The protest worked

COME ON LETS GET IT DOOOONNEEEEEE UTB

 

[basilrobbie]

Did that site have planning for 500 residential units? A development value of say £30m? A brownfield city centre site in the south-east?

Our chairman is a complete nightmare and probably has achieved as many people wanting him out as your old one did. And that is some effort. But there is no world where hand on heart this is other than a very attractive price for the RH site.

No, it didn't. It's an asset of community value, actually.

But if RH has planning for residential units, doesn't realising that potential value mean moving SUFC elsewhere? Or am I missing something?

Bear with me, I know very little about this sort of stuff.

 

[Leigh_Seasider]

We have a couple of weeks. That's it. Which is why he has put this on the table. If he had a long way to go zero chance he would put this on the table.

I take this as a sure fire sign Ron really does want to sell and be free of SUFC.

 

[Cricko]

So £4.5m for Roots Hall, hopefully including the surrounding land, carpark, shop etc. Forget the Stadium and bulldoze it down, How much is just that land worth? Given its got planning permission too

I'm not an expert but surely its worth well over £10m. Maybe someone else has a better valuation.

So any buyer could buy Roots Hall for the mentioned sale price, use it rent free and then develop it once Fossetts Farm stadium is built in 2/3 years time. Move into Fossetts and buy it for the £15m Ron mentioned he would charge and the new Southend owners have a great deal, or have the goal posts moved and the new owners would either buy it for the £38m Ron said it would cost to build or lease it.

I don't recall RM ever saying he paid 4.5 mill for the stadium and the car park. I am hoping he means exactly the same deal now.

 

[Wickford Blue]

So £4.5m for Roots Hall, hopefully including the surrounding land, carpark, shop etc. Forget the Stadium and bulldoze it down, How much is just that land worth? Given its got planning permission too

I'm not an expert but surely its worth well over £10m. Maybe someone else has a better valuation.

So any buyer could buy Roots Hall for the mentioned sale price, use it rent free and then develop it once Fossetts Farm stadium is built in 2/3 years time. Move into Fossetts and buy it for the £15m Ron mentioned he would charge and the new Southend owners have a great deal, or have the goal posts moved and the new owners would either buy it for the £38m Ron said it would cost to build or lease it.

The Statement says nothing about Fossets Farm so would think that still belongs to Ron and will not be included in this deal - could be wrong!