SUFC: The Future SUFC up for sale

[Jack_23]

People are forgetting we have literally no time at all. All well and good finding the positives in this statement but we literally have until the end of next week to be taken over otherwise it’s lights off for our football club

 

[C'mon you Shrimpers]

A pretty penny I imagine.

In the meantime though a new owner has to:
- Buy and bring Roots Hall up to scratch.
- Bring the training facilities up to scratch
- Fund the clubs operating shortfall every month
- Develop a new site to build a new stadium

I really hate dampening fervor but this is a big ask in my opinion.

Nature of the beast.

 

[Smiffy]

I have no inside information. They are the logical conclusions to the stuff that has been released today. If RH is to be sold, along with the club, then the council will lose the flats. They will need a quid pro quo for this. The only place to reposition the flats is where the new stadium is/was to be built. Plus Ron is not really interested in the new stadium, never has been. He wants the new build properties, and so do the council.

Spot on and exactly what I was suggesting earlier today. It saves him a fortune.

 

[Rutland Shrimper]

People are forgetting we have literally no time at all. All well and good finding the positives in this statement but we literally have until the end of next week to be taken over otherwise it’s lights off for our football club

Exactly maybe 10 days tops to do this. A buyer needs to be working on it now and even then it’s a huge ask. But and hope we must

 

[Left post]

Look folks. Ron is a property developer. He has used the football club as leverage to secure two major schemes at Roots Hall and Fossetts. The club has now served its purpose and he will let it collapse with the council dependant on the housing so excluding the new ground from planning approvals. That’s the beginning and the end of it unfortunately.

 

[Smiffy]

A pretty penny I imagine.

In the meantime though a new owner has to:
- Buy and bring Roots Hall up to scratch.
- Bring the training facilities up to scratch
- Fund the clubs operating shortfall every month
- Develop a new site to build a new stadium

I really hate dampening fervor but this is a big ask in my opinion.

It is. It was also a big ask hoping that any interested buyer would get into bed with Ron over FF.

 

[Sudbury_Shrimpers]

From Kimura "we are working on it"

Who told you that?

 

[davewebbsbrain]

Am i right that he can't build on Roots Hall until there is a new stadium. He can't build a new stadium and houses without a club. The club goes under he is screwed

 

[GDM]

You’ll own the stadium you won’t own the land … he will squash the stadium with flats in and around it then try and get planning to i grade or build your stand the man is a mater of deception and deflection he is a **** and we will go there is no coming back from this

I think you will own the whole site, but it’s not clear I agree

 

[Boreham Blue]

I have no inside information. They are the logical conclusions to the stuff that has been released today. If RH is to be sold, along with the club, then the council will lose the flats. They will need a quid pro quo for this. The only place to reposition the flats is where the new stadium is/was to be built. Plus Ron is not really interested in the new stadium, never has been. He wants the new build properties, and so do the council.

I was more interested how you were clear we were not just buying RH stadium but that we'd have the freehold. I worry when he talks about rent as you wouldn't pay rent if we had the freehold

 

[Somerset Ex-TTB]

If the club was run properly it wouldn’t lose £2m a year. Could have a very good NL squad and break even.

 

[Leigh_Seasider]

I wa snore interested how you were clear we were not just RH but that we'd have the freehold. I worry when he talks about rent as you wouldn't pay rent if we had the freehold

It’s rent if the buyer can’t afford RH up front is how I understood it.

 

[tallboyblue]

It is. It was also a big ask hoping that any interested buyer would get into bed with Ron over FF.

First and foremost a buyer must want to own a football club. In the short term it does not look like an attractive financial proposition.

 

[CRATE]

Anyone up for a Twitter space @ 9!

 

[LBBlue]

I still don't get why the club would own Roots Hall. Presumably the buyer is buying SEL and Roots Hall ltd. So the buyer will own both assets not the club, as today? Upto the buyer how they then structure the holdings.

No SEL will be selling the shares it owns in SUFC Ltd and seems that Roots Hall Ltd would be selling the ground back to the club.

 

[Holy Joe]

Am i right that he can't build on Roots Hall until there is a new stadium. He can't build a new stadium and houses without a club. The club goes under he is screwed

The current planning permission at RH required phase 1 of the FF stadium to be leased to Southend or another club prior to any demolition of the stadium. Planning permission at Boots and Laces requires new training ground to be leased to Southend before Boots and Laces can be started. No flats at Boots and Laces/FF can be occupied until phase 1 of stadium at FF is complete

That might not be verbatim but is roughly it.

Planning conditions can of course be changed - they'd have had to have been if the new smaller FF stadium was passed as it doesn't contain enough seats in phase 1 to pass the conditions.

 

[Smiffy]

Anyone up for a Twitter space @ 9!

Would be a busy one I would of thought.

 

[leeblue]

 

[Alexshrimper]

Anyone up for a Twitter space @ 9!

Yep

 

[leeblue]

Bosh a tower block in the North East corner.....