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SUFC: The Future SUFC up for sale

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BoyWonder2 said:
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.
Click to expand...

And there you go 😉
 
Ok boys and girls we all wanted Ron gone And at long last it looks as if it is going to happen .Ok so who ever wants to buy the club Will onlt get a stadium that is not fit to stay .So Ron is offering a **** pit And not fossetts .if he sells the club will the council deal with an x chirman About a new stadium or will they want fresh talks with Anew owner .
 
I'm not going it get too carried away. Seems rather convenient that during a week where supporters groups are trying to stop people buying season tickets, he comes out with a statement that would make fans want to buy a season ticket because they now have a glimmer of hope he will be gone.

He said they are 'exploring' buyers or investors. We can all 'explore' different directions for the club, actually doing it is a different thing altogether. He could potentially 'explore' and say nothing was out there. By that time the fans have bought their season tickets, we are back to square one and he remains.

I'm also cautious because he is only selling the club. We could be in a worse situation if we have an owner of the club but have Ron owning the project. In no way would that be better. It just becomes even more complex.

I'll reserve my bottle of Asti until we have something more concrete.
 
nick12 said:
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 🤷
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Has he told you how much he's asking?

You seem in the know.
 
basilrobbie said:
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?
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If he commits to a sale he weakens his bargaining position. If he commits to a timescale he weakens his bargaining position.

If you’re not interested in selling and doing it for show you don’t mind weakening your bargaining position. That he’s refusing to weaken his bargaining position and say he’s definitely selling is a sign that he is actually looking to sell.

By leaving all options on the table it increases the chances of a deal being struck.

A Press Conference announcing your selling is definitely not the time to start talking about how your accounts are overdue. That’ll get done quietly in the background. There will probably be debt write-offs too.
 
basilrobbie said:
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?
Click to expand...
Think you will find he said that he hopes to have sale completed by start of next season.
 
so, Ron sells the 'club', which is the name only? He still owns everything else and expects the 'team' to rent the playing space.... or am i incoreect?

so, lets buy the 'club' and go somewhere else... that'll show him (joking obviously)
 
i dont think you would want to make fools out of the agents you have appointed ...

he cant have gone public unless he has signed something with them -

reneging on any of this will cost him ... finish him.

to me hes obviously broke and its a fire sale ... and the agents/agency have a sexy little soccer club to get rid of - with massive potential...
 
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