NZamba Legend
Deep-lying playmaker ⭐
I’d heard whispering since before Christmas that RM was looking for a way out.
If you're looking for a way out, I won't stand in your way
Odyssey huge Southend fans, also wrote 'Back to my Roots (Hall)'
I’d heard whispering since before Christmas that RM was looking for a way out.
I don’t understand some people.
The Club is now up for sale, as I read it, just the Club. The stadium etc could be at a later date, probably once it’s done and dusted so RM gets two lump sums. A smaller one for selling the Club now, and a large one down the line when the stadium is sold.
One of the things people were demanding was that RM outlined some sort of exit strategy. Isn’t that exactly what this is?
The debate about whether people would actually buy the Club can now be answered. The people that claimed they don’t know if anyone wants to buy their house until it’s put up for sale comes into effect here. There is a big For Sale sign outside Southend United. Yes, there is a financial web with all the relevant companies that own what, but this is the clearest indication in 25 years that RM wants out, so that can only be positive.
I’m expecting a post from Stan. That’s not ITK, just a guess now things are in the open. Those arguing that Stan should join us on the picket line as it’s better than working from within (a bit like those knocking the trust for something similar) will now come back with their tails between their legs in an ideal world, but of course they won’t.
This is really encouraging news. We’d have loved a new owner today, but that wasn’t realistic. I’d heard whispering since before Christmas that RM was looking for a way out. Personally, I see this as win win.
We’d all have loved shot of RM, but his golden egg is FF. He won’t be fully out of the picture until that is built, or almost there.
Should be the team walk out music imhoIf you're looking for a way out, I won't stand in your way
Odyssey huge Southend fans, also wrote 'Back to my Roots (Hall)'
Would be nice, but we all know what it’s like buying and selling houses or our own businesses.Looking for sale completed for beginning of next season?
I am selling my 10 year old Merc, no engine or wheels but I will take £100k or maybe part ex for a football club with no land or stadium
Just thought I would try RM's logic![]()
If you're looking for a way out, I won't stand in your way
Odyssey huge Southend fans, also wrote 'Back to my Roots (Hall)'
I really hope you are right. However :
1. exploring a sale is not the same as committing to sell. Nor are there any firm timescales in that statement - not one. In fact, he said the process would not be fast-tracked, which to me is code for "there is no urgency involved in this"
2. As I understand it this risks separating club and stadium completely....
3. ..... which is a worry as the club is effectively worthless, except for the right to play in the NL
4. Any prospective investor will want to see accounts. I saw no mention of them
To me it looks suspiciously like a piece of deflection, or a fig leaf to hide behind over a crucial period in which you as fans have to make decisions about buying season tickets. He's asking you to give him the benefit of a considerable amount of doubt - again.
Even if you take the statement at face value, it reads as though he has accepted that funding a sustainable future for SUFC is beyond him. I can think of no other plausible explanation for the high interest loan that mortgages the club's future, or the belated wish to get new capital in.
Final point - given the precarious nature of the club's financial position, does it really need to be spending what could be hundreds of thousands of pounds on consultancy fees?
Think you will find he said that he hopes to have sale completed by start of next season.I really hope you are right. However :
1. exploring a sale is not the same as committing to sell. Nor are there any firm timescales in that statement - not one. In fact, he said the process would not be fast-tracked, which to me is code for "there is no urgency involved in this"
2. As I understand it this risks separating club and stadium completely....
3. ..... which is a worry as the club is effectively worthless, except for the right to play in the NL
4. Any prospective investor will want to see accounts. I saw no mention of them
To me it looks suspiciously like a piece of deflection, or a fig leaf to hide behind over a crucial period in which you as fans have to make decisions about buying season tickets. He's asking you to give him the benefit of a considerable amount of doubt - again.
Even if you take the statement at face value, it reads as though he has accepted that funding a sustainable future for SUFC is beyond him. I can think of no other plausible explanation for the high interest loan that mortgages the club's future, or the belated wish to get new capital in.
Final point - given the precarious nature of the club's financial position, does it really need to be spending what could be hundreds of thousands of pounds on consultancy fees?