Absolutely this.
We are in a bit of a state I think.
Ron can't exactly take a leap of faith and just go for it unless he has got 100% guarantee in place about the new properties at FF. If he does and they don't grant it, he's lost pretty much everything (aside from whatever he gets from the sale) and we won't get our 20m either.
I can't see how the council can (legally and properly) give him that guarantee without planning permission being sorted, which is nowhere near happening as I don't think he's even put the plans in.
If it doesn't progress and the deal collapses, he then owns RH and FF, won't fund the club and we will have no option but to fold I would imagine. He can then sell both plots for development (albeit after a fight).
Please someone tell me I'm wrong or have missed something.
I’d say it is the other way round. Ron stands to lose everything. He must have creditors banging on his door regularly (did he ever pay his criminal lawyers?). His only way out of his hole is to sell the club. He doesn’t have planning permission to build at FF without a new stadium. He won’t get planning permission altered if he lets the club die as it’ll be too toxic. If the club dies he won’t have a tenant at RH. The covenant is still there and the council are showing interest in the future of the club like never before. Time is running out for him. He’s had health scares. He likely doesn’t have the time, the energy nor the finances to fight a lengthy battle once more.
The consortium paying his bills has been a godsend for him. If they threaten to stop where does that leave him? The only thing going for him is that he thinks he now has the consortium hooked as they’ve poured money in.
I think we’re coming to crunch time. Rent at Roots Hall will be due Boxing Day - does that change the amount that needs to be written off? Players wages on the 29th(?). If this rumbles on much longer will they need a further share issue? If wages are late do the NL deduct points?
He’s the one who needs to take a leap of faith. He’ll continue to bluff as that’s all he has left but once the consortium call his bluff he’s finished.
The one thing that may save him for now is if the Consortium need him to get his deal with the Council. It may be in their interests for to have a watertight agreement with the Council. That way they can fund the club & redevelopments by borrowing against the £20m that’s due from him.
Isn’t planning at FF dependent on SUFC as it’s green belt ? ie no football club no PP ?
PP at FF is dependent on a replacement stadium being built first. But as no one other than SUFC be a viable tenant it is de facto dependent on SUFC.
The first part of the question was always who could enforce and whether they would.I think someone has said that the covenant is now null and void, but there is a planning condition/s106 agreement that stops any redevelopment at Roots Hall until there is another stadium of similar capacity (hence why there was the 10,000 3-sided plan at FF) which has the same effect.
I think the Council have now shown that they would. Whether that would have been the case pre-Tilly when we were getting crowds half the size, I’m not so sure.