SUFC: The Future SUFC up for sale

[old leigh shrimper]

Maybe I should give my best mate Elon Musk a call ?

 

[Holy Joe]

Am I missing something? I wish I could share in the optimism but I don’t understand why some are suggesting this is an attractive prospect for buyers.

An initial £9 million to buy RH, the training ground, and clear the debts. Then however many millions to redevelop RH. Just to own a loss making lower league football club..

Yes, the £2 million a year loss can probably be drastically reduced by redeveloping RH and the club being run more efficiently. But it’s hardly going to turn into a profit making business. So how on earth are buyers going to see any form of return on a £10-20 million investment?

I remember from the Carl bid, he was pretty optimistic that in the right stadium, the club could be a much more attractive proposition. If RH could become that stadium I don't know, if the costs of buying and repurposing RH add up, I don't know. But I wouldn't write off the proposal. Equally, as I've said, it likely looks very attractive to a property developer if they can lose the club quickly - 500 flats!

 

[hlane17]

So the buyers makes money from building on RH and the club moves to where? Presumably FF would be off the table and Ron will be building housing there with no stadium.

Can't comment with any certainty on that part, we'll only know if and when a deal is struck.

 

[NG_Shrimp]

Am I missing something? I wish I could share in the optimism but I don’t understand why some are suggesting this is an attractive prospect for buyers.

An initial £9 million to buy RH, the training ground, and clear the debts. Then however many millions to redevelop RH. Just to own a loss making lower league football club..

Yes, the £2 million a year loss can probably be drastically reduced by redeveloping RH and the club being run more efficiently. But it’s hardly going to turn into a profit making business. So how on earth are buyers going to see any form of return on a £10-20 million investment?

Aside the RH future development potential, a well run club could quite conceivably generate significant revenue via player development and sales. It's speculative but in the case of Kamura they are well positioned to do this with the existing sports business they have. Also, we are no where near a sleeping giant, but Southend United has huge potential to increase our fan base over time and realize our potential. So I can see why someone might want to invest in us. I hope RMs revised terms are enough

 

[Farmer Fossett]

Sherif it is … but some on here are now so addicted to misery and negativity they are determined to find ways in which it is in fact a terrible deal however tortured the argument. It was ever thus.

Thing is you are able to imagine the possibilities as it’s your day job, others only image the problems :-)

It's a ****e deal guys. What part of this makes it an attractive proposition for any investor?

Sorry, I would love the club to survive and would be happy as things stands to play at Southchurch in a couple of temp stands. However I really can't see a queue of investors biting Ron's hand off, the deal is terrible for anyone looking to make a return. OK there may be a fan who has £10-£20m to throw away - if so this may be attractive but for everyone else - no!

 

[TJC]

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!

Nash?

 

[Barling Magna]

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.

 

[Colchester and proud!]

On the surface this looks a good deal for the right buyers, if it is a genuine offer it says to me Ron has had enough and has run out of ideas to take this any further. He must be feeling immense pressure, and at 70 although not really old he is not young so does he need all this hassle. If he takes himself out of the club the fans will not be at his house any more, he can get on with his life and the club can move on hopefully to much better days.

 

[edwardss2]

I am getting really confused now about who is bidding.

Are we talking about Kimura Capital, as in "Kimura’s principal focus is in providing liquidity and working capital to the global commodity markets through a series of private credit strategies, serving pools of capital from some of the world’s largest investors."

I can't see any mention of sports investment, property development, or anything remotely similar. I think someone said that the directors had Southend connections, and I did see their auditors are in Leigh. Coventry City have shown that there is a fate that is as bad, if not worse, than Ron.

Have we actually heard anything from them about what their intentions are?

 

[Che's Left Foot]

On the surface this looks a good deal for the right buyers, if it is a genuine offer it says to me Ron has had enough and has run out of ideas to take this any further. He must be feeling immense pressure, and at 70 although not really old he is not young so does he need all this hassle. If he takes himself out of the club the fans will not be at his house any more, he can get on with his life and the club can move on hopefully to much better days.

And if it does all go t**s up you can chant one team in Essex as fact

 

[Holy Joe]

I am getting really confused now about who is bidding.

Are we talking about Kimura Capital, as in "Kimura’s principal focus is in providing liquidity and working capital to the global commodity markets through a series of private credit strategies, serving pools of capital from some of the world’s largest investors."

I can't see any mention of sports investment, property development, or anything remotely similar. I think someone said that the directors had Southend connections, and I did see their auditors are in Leigh. Coventry City have shown that there is a fate that is as bad, if not worse, than Ron.

Have we actually heard anything from them about what their intentions are?

Kimura performance

 

[Target man]

So if no one is interested in the offer what next ?

We go under .... simple as

 

[hlane17]

On the surface this looks a good deal for the right buyers, if it is a genuine offer it says to me Ron has had enough and has run out of ideas to take this any further. He must be feeling immense pressure, and at 70 although not really old he is not young so does he need all this hassle. If he takes himself out of the club the fans will not be at his house any more, he can get on with his life and the club can move on hopefully to much better days.

I don't want to be stood outside Ron's house on a Saturday, I want to be stood inside Roots Hall. Let's hope someone is willing to take this on with what I consider to be reasonable terms.

 

[Colchester and proud!]

And if it does all go t**s up you can chant one team in Essex as fact

Very true but I wouldn’t do that, football is nothing without rivalry and we are very much rivals, your club closing would be a dark day indeed for Essex footy.

 

[TJC]

Maybe I should give my best mate Elon Musk a call ?

Just the cost of 5 raptors and it's job done

 

[kentblues]

Am I missing something? I wish I could share in the optimism but I don’t understand why some are suggesting this is an attractive prospect for buyers.

An initial £9 million to buy RH, the training ground, and clear the debts. Then however many millions to redevelop RH. Just to own a loss making lower league football club..

Yes, the £2 million a year loss can probably be drastically reduced by redeveloping RH and the club being run more efficiently. But it’s hardly going to turn into a profit making business. So how on earth are buyers going to see any form of return on a £10-20 million investment?

In which case you won’t be able to understand how spending even more on the proposition at FF could give a return? Because many of the answers are the same, And indeed why anyone would every want to buy a football club at all. Which is fair enough.

 

[tommy tucker]

Planning is as per current plans and that’s approved. What’s not approved is a smaller stadium and more housing. Yet.

They haven’t agreed the purchase yet, they talk about using pension fund investment. That is linked to gilts which have changed massively over the last 6 months.

Even if they do agree a deal it will be vastly different today than what it was previously.

That right the 22k stadium was approved but Ron reduced it and that has not been agreed or passed And I don't think it will be passed for months or even years

 

[Rayleigh boy]

The fans aren't buying the club

we probably will have more money than is needed to buy the club, fix RH for NL football, meet the running costs,, pay the staff, consolidate the playing and managements staff costs, book in the advertisers and sponsors ,,, get the season ticket money ..

start building a professional football club we can be proud of ..

 

[Napster]

we probably will have more money than is needed to buy the club, fix RH for NL football, meet the running costs,, pay the staff, consolidate the playing and managements staff costs, book in the advertisers and sponsors ,,, get the season ticket money ..

start building a professional football club we can be proud of ..

I’d love to live in your world

 

[Target man]

So the council say no to fossetts .Some one comes in a buys the club for 4.5 millon No new syadium mean no demolition of rootshall so we could end up playing there for some time yet .So rootshall needs work Anner firth said a safty certificate is possable How many fans have a trade in pluming and building or painting that could give up some time to tidy up some of the hall . Iwould pitch in if needed.

Lots would, and have previously. But it's a catch twenty two. They can't allow supporters in to help until certain aspects of the safety standards to achieve the certificate occur. Those carrying out that work would have liability insurance, and believe me, to work on Roots Hall .... its needed!