SUFC: The Future SUFC up for sale

[kentblues]

I just hope its not sold to another property developer

Well if Kimura were ever serious, and they have done DD and hopefully completed the fit and proper test, then they are in pole position if they pull their finger out.. and therefore wont be beaten to it...

 

[tommy tucker]

Seems a good deal at last Everyone wanted to stay at the Hall for as long as possible. Surely 4.5 million spread over time NO buyers come up Could the fans and trust stupid up the money if needed.This is cluching at straws I know . But like many others clubs have been brought by the fans .

 

[Joshy boy]

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

That means they could probably become the new owners come Friday if everything is accepted by Wednesday right?

 

[kentblues]

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.

The car park is part of the stadium - why would you specifically mention. If you sell your house you don't say and it comes with the driveway ? :-)

 

[Maldon Shrimper]

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

Sincerely hope you are correct and not a false dawn

 

[Jasrod]

That means they could probably become the new owners come Friday if everything is accepted by Wednesday right?

If they already had funds in place it could be done slightly earlier but Friday would be sensible

 

[Cricko]

The car park is part of the stadium - why would you specifically mention. If you sell your house you don't say and it comes with the driveway ? :-)

Exactly.

 

[Cricko]

Both Kimura threads have now been merged to....Have to keep this place tidy you know...

 

[GSW Shrimper]

For example. If a new potential owner purchased roots hall and the club, could they possibly **** off FF and go another direction? I’m not sure

 

[bazzashrimper]

What RM has stated in that press release, is different to what he has quoted buyers.

That deal, quoted by RM is attractive and will probably now see more parties open and interested.

Due to the fact it’s all nearly available on a FPP, it also means there’s an opening for all sorts of opportunities.

I note, he has not said he will sell the training ground on a FPP, but sure a deal can be struck here.

Must say, I feel highly positive!

Crate - you think it’s different from what he’s told buyers as he’s dropped the price - or more Ronanory?

 

[Boreham Blue]

If the deal looks as good as it does could be see a wallop soon? I fear the stadium might be up for sale but the land might stay with Ron

 

[CRATE]

Crate - you think it’s different from what he’s told buyers as he’s dropped the price - or more Ronanory?

I know for a fact a buyer was quoted double the 4.5M and was shocked by the price on the statement which will re engage conversation as a matter of urgency!

 

[BluBayou]

Volume wise i agree, just do not think we can get bigger stands on the west and south due to backing on to residential properties.

The pitch is elevated. If we lowered the pitch and moved it toward the north-east we would increase the size of the west and south stands.

 

[GSW Shrimper]

I know for a fact a buyer was quoted double the 4.5M and was shocked by the price on the statement which will re engage conversation as a matter of urgency!

Kimura?

 

[SeldomSeenShrimper]

That statement is a "for sale" advert for the club

No sale is close if he's out there publicising the terms.

Simply Ron being Ron and making out he's the one trying to be the nice guy.

We are currently more ****ed than we appeared to be this morning.

 

[annie1954]

Duddridge telling the echo he is directly talking to 2 sets of buyers yet Anna firth said on radio there is no buyer

 

[Beefy]

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

Think the two MPs, and his missus, are probably driving him spare at this point.

 

[kentblues]

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.

Yes but the club would own that asset and receive that future value if they sold for development. The club would have the choice to sell for that full value and move elsewhere, or stay and develop. Its a city centre location.

 

[barton west]

There are some points being missed here.
1. FF is off the table. RH is for sale at £4.5 million, which includes the car park. Not leasehold, so there are no rental or ground rent payments.
2. The council will lose the 500 or so flats at RH, for which planning permission has been granted.
3. A verbal deal has been agreed between the two MPs and the council to replace those 500 flats with roughly the same number at FF because NO NEW STADIUM will be built there.
4. RH cannot be an attractive purchase proposition unless it is fully redeveloped. This is likely to mean a ground share at some stage, if only because building works are likely to make entry and exit hazardous. I don’t think the redevelopment can be done piecemeal because the pitch faces the wrong way for an increase in capacity to be feasible.

I am not an accountant but I think the terms are extremely fair, attractive even.
And nobody really wanted to have to tramp to FF to watch a football match.

 

[Redbridge Blue]

There has to be a catch.

I agree. What we have from Ron are the headline terms. What we don't have is the small print.