SUFC: The Future SUFC up for sale

[CRATE]

9pm I’ll share link

 

[Boreham Blue]

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

Not convinced. It sounds like a staged payment of a purchase to me but I don't know and some are speaking with the sound of authority and I just want to know if it's fact or a view. If today has taught anything on here views can be the polar opposite to facts.

 

[West Stand]

Is anyone on here suggesting that new owners build properties on RH, borrow money against RH's land or funding a new ground elsewhere using a future development on RH doing anything different to what Ron has done?

Would you trust another property developer?

Personally I would, they couldn't do much of a worse job than Ron who has been far too stubborn in looking for a large pot of gold that he missed all the smaller ones on the way

Sorry but I think far too many are getting a bit carried away here.

Where things are require a benefactor, not an investor, to throw potentially £10 million in to the pot. What would be in it for them ?

The council could potentially give pre planning advice going forward when it comes to RH but I just can’t see how an MP could get the council to commit to anything.

Theres a saying if something seems too good to be true then that’s because it’s just that. There’s another about be wary of Greeks etc

Looking already at the tone of some of the comments that have been made on here in the last hour it’s amazing because I think that some have been sucked well and truly in.

Lets see how this plays out but I for one am far from impressed

 

[Holy Joe]

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.

Where does it say that?

 

[GDM]

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

Well if there’s no club then there’s no need for a stadium at roots hall or FF…

 

[davewebbsbrain]

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.

I guess it depends if the council are pro Southend United or not. That said, more homes where the stadium would have been would please certain people

 

[Shrimper]

I feel strangely positive after that statement

 

[tphamlyn]

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!

He’s desperate and so are the council

 

[old leigh shrimper]

I read it that there would not be rent payable for the period that it took to complete the purchase payments( 3 years)... as the new buyers would 'own' the site from day 1. ?

 

[leeblue]

We're so done.
First season I remember was 1982, dad took me of course. Hooked, my first love, my home, its all going and I'm just done.
Season tickets galore, over 70 grounds ticked off, amazing people, my son my daughter just as in love with it.
I've shed tears in the last week. More to come I feel.

 

[LBBlue]

Where does it say that?

• The parent company will sell its entire shareholding in SUFC (70.6%) for £1.
• Roots Hall stadium £4.5m. This was the purchase price paid 25 years ago.

 

[West Stand]

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 first bits right . But the second isn’t.

 

[Booma]

I feel strangely positive after that statement

Still hinges on a buyer though

 

[Smiffy]

Distressed seller springs to mind. The noise from protests and social media is working. No doubt about it. We must not relent. #MartinOut

 

[pottster]

Here is a massive pile of s@#t
That'll be 6million please

That also looses 200k a month!

 

[GDM]

I read it that there would not be rent payable for the period that it took to complete the purchase payments( 3 years)... as the new buyers would 'own' the site from day 1. ?

I read it as basically pay £125k a month and after 36 months it’s yours…but it’s not clear

 

[East Green I 83]

What kills you about football is that after resigning yourself to relegation you then win a couple of games.......then all of a sudden expectations are raised again! That's how many of us are feeling right now I guess.........wears you out doesn't it?

 

[GDM]

Distressed seller springs to mind. The noise from protests and social media is working. No doubt about it. We must not relent. #MartinOut

Deffo working, this statement would never had come out if not for Saturday…

 

[bazzashrimper]

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

You can get 60 big flats in that one

 

[Boreham Blue]

Well this thread sums up the problem of a statement rather than an interview. More questions than answers