Blues4LifeDan
Manager
Do you concur with Ron when he stated it takes 4 weeks plus for those documents to be approved? If so, that takes us past the NL deadline.
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SUFC: The Future SUFC up for sale
- Thread starter Maidstone Shrimper
- Start date
Our hopes and visions for the rebirth of Southend United, plus any plans published by the consortium for discussion
- Status
I thought i read somewhere that they had done all that weeks ago?
If it is Kimura we are talking about.
Andy_S
Member of the Barry Corr Fan Club
I believe the FA website states a maximum of 4 weeks, but generally takes 2. You would also hope that in this circumstance that it would be expedited.
KiwiRob
First XI
Many thanks for the clarification. Hopefully, we will see a sale shortly.
NG_Shrimp
Winger
Do you know for which entity the overage would apply? If it's SEL then definitely would be filling his grubby pockets in the future. If it's Southend United Football Club then perhaps he has to let that go with the club sale?
Booma
🦐
CP reported in late June (i think) the fit and proper owners test was submitted. I think that started some of the excitement
Petejames
Striker
Yes I think so I think when he means going in might be into the National Lge..I thought i read somewhere that they had done all that weeks ago?
West Stand
Striker
And that quite literally the point that so many seems to keep missing or should I say ignoring
Talk about rebuilding, about increasing revenue buying season tickets is of course all important stuff once the NL issues are dealt with and they almost certainly can’t be dealt with until either a sale happens or there is a injection of capital. So around in circles we dance again.
From what we are being told sale isn’t even close that means that the fit and proper test needs to have been carried out and whilst there have been some rumours I haven’t seen anything official on this .
Ok I get it distracts from the reality of the situation but as each day ticks by and another false dawn comes and passes I can’t find any solace from the chatter because what some seem to be suggesting is akin to out of the frying pan and all that.
JD
Resident Jinx⭐
Bit harsh**** the negative **** off now be positive we haven’t got time for all that
rowe23
Youth Team⭐
It is conceivable that if a deal can be struck that funds could be injected prior to deal being concluded officially in order to satisfy the demands of the National league membership/licence in clearing the football creditors.
Boreham Blue
Match day squad⭐🦐
And for those of us that can't work it out from that?
West Stand
Striker
Conceivable yes but what sane person or group would inject capital without any certainty that a regulatory authority would sanction their ownership or involvement?
rowe23
Youth Team⭐
Well that is the question. I mean they do seem to let any Tom Dick and Harry in these days, so maybe that’s won’t be an issue. Plus they may be able to get quite early on unofficial nod to say all will be ok, and officially approved within the time frame. It’s all theories and opinions at the moment. We have just to have hope that we are able to fight on and come off this life support machine.
Holy Joe
Manager⭐⭐🦐
This is the fa fit and proper test - it's pretty difficult to fail
londonblue
Topgun Pilot
My view of this is that it's a good deal if you want to buy a football club. It's a poor deal if you're buying it looking to make a return on your investment.
You're buying a dilapidated stadium that needs a huge amount of remedial work to make it anything like half decent. On top of that, you'll need to fund the club, which is losing about £1.2m a year whilst you look to redevelop (this is assuming FF is out of the picture completely).
Redeveloping will probably take about 5 years (I would guess). I have asked @Sherif H how long (based on Portsmouth) so I can revise this when he has time to respond. So, you'll have to fund the club for another 5 years at £1.2m. On top of that you have the cost of the redevelopment which will cost in the region of £10-£15m. Given that Sherif was suggesting the redevelopment of the main stand be done last, you won't have a revenue generating asset for about 5 years, at which point you'll be in for another £16-21m. Given all that, you'd be better off spending a bit more and having FF ready to 2 years.
You won't be seeing any kind of return before retirement, if at all.
You're buying a dilapidated stadium that needs a huge amount of remedial work to make it anything like half decent. On top of that, you'll need to fund the club, which is losing about £1.2m a year whilst you look to redevelop (this is assuming FF is out of the picture completely).
Redeveloping will probably take about 5 years (I would guess). I have asked @Sherif H how long (based on Portsmouth) so I can revise this when he has time to respond. So, you'll have to fund the club for another 5 years at £1.2m. On top of that you have the cost of the redevelopment which will cost in the region of £10-£15m. Given that Sherif was suggesting the redevelopment of the main stand be done last, you won't have a revenue generating asset for about 5 years, at which point you'll be in for another £16-21m. Given all that, you'd be better off spending a bit more and having FF ready to 2 years.
You won't be seeing any kind of return before retirement, if at all.
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didnt say I would believe him just said he was asked if he would and he said he would see. In the end he made a statement (or the club did) now we have to see if thats the truth or not or if their are any takers
Personally i have no faith or trust in him which is why I have stopped giving the club my money
bazzashrimper
Director
If Kimura have spent £300k on DD, and given that RM has blown apart an NDA - assuming that he doesn’t sell to them as Crate, I presume they can take him to the cleaners (not that cleaner)
Has he broke the NDA, listing what is for sale and at what price may not constitute that, he did say he would check to see if he was allowed to publish that info, said that in Saturday in the video.
There may be other things that he has said that have breached it I cant remember everything he has said as he says so much and so much just doesn't make sense or hold true
Mbof
Newbie
Hypothetically all gets agreed this week and the Kimura boys are pictured by the corner flag, what’s your top 3 on the to do list?
1. Pay/reward loyal staff
2. Pay players/renew contracts
3. Blow dust off of the white board and get some new players in
Or maybe a bulk order of onions ready for August
1. Pay/reward loyal staff
2. Pay players/renew contracts
3. Blow dust off of the white board and get some new players in
Or maybe a bulk order of onions ready for August
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