SUFC: The Future The Takeover - Very very close.

[Tommy2holes]

I hope you’re right mrs Booma isn’t going to be happy that the ironing isn’t done

Put it on hangers and stick it in the boiler cupboard. Job done.

 

[Ron Manager]

Might get a few of these in later anticipating something to celebrate. Seeing as Justin Rees is a New South Wales boy and this is a VERY nice drop from south of the border.

Colour scheme of the can is appropriate too

 

[BoyWonder2]

Really hoping this isn’t another false dawn. We all deserve this Christmas present.

We definitely do.

However, as things stand at half 8 this evening, RM still owns the football club, and the embargo remains in place.

Very easy to get excited, and as I’ve said, the last 48 hours have been very positive. Let’s see what the next 48 hours bring

 

[Morty01]

I'm being teased so much - we all are

 

[Tommy2holes]

My take fwiw.

The consortium were apprehensive to pay off historic debt to remove embargo before getting the keys to the club.

Ron was unwilling to give the keys to the club without assurances that SBC would allow the stadium aspect at fossetts to be changed to housing.

Somehow, Ron and SBC have managed somekind of pre agreement that Fossetts can now be all housing.

This is enough for Ron to complete the deal and evidence enough for the consortium to take ownership.

I'm fairly confident that for this to happen, there has been a hell of a lot of input from all involved.

That might not be the truth exactly but not far from it.

The club is essentially now sold and as such the consortium will have made contact to pay debts, whilst liaising with the national League to end the embargo.

For once, the council and various MPs etc have been very proactive and supporting of our plight.

We also have responsible and sensible people coming in, most are successful in their own perspective fields.

How this translates exactly in the coming weeks/days is anyone's guess, but I'm confident that the emabargo will fall in the next 24 hours and the sale will also closely follow suit.

If any others more in the know than me want to chip in then feel free.

 

[Taters123]

There was no mention of the Canadian member of the consortium in the echo? Has this changed?

 

[danbowen]

Fair play to everyone involved in getting this sorted - consortium, Anna, council and even Ron (on this occasion). Lets hope we carry on getting positive news over the next day or so now.

Exciting times and well deserved for us all.

 

[Magnum PI]

I’ve just bloody bought a Spurs shirt… FFS

 

[Billy Bests boot laces]

And the Echo can now confirm Paul and Ian Redbourn are also part of the consortium.

Anyone know who these 2 are?.

 

[Ron Manager]

I’ve just bloody bought a Spurs shirt… FFS

You’ve backed the wrong Aussie there

 

[Booma]

Anyone know who these 2 are?.

 

[Booma]

Anyone know who these 2 are?.

Both went to school in Southend

 

[Target man]

They are trying.

They have stopped giving deadlines. They’ve said that themselves. They gave the 1st November, which was ambitious, then the end of the month and that’s it.

17th November was never a deadline set by them.

They have tried to keep quiet, and then got called out by the protest group, and provided an update and then got moaned at for not giving a completion date. They explained at the agm they don’t want to give dates again incase they miss them, then they got moaned at.

Exactly this ....

 

[Tommy2holes]

Might get a few of these in later anticipating something to celebrate. Seeing as Justin Rees is a New South Wales boy and this is a VERY nice drop from south of the border.

Colour scheme of the can is appropriate too

Not sure if we get that in the UK.

I'm going through a good few Camden pales tonight

 

[mohsniisgod]

Blues deal edges closer as Ron Martin agrees terms with council

SOUTHEND United chairman Ron Martin and Southend City Council leader Tony Cox have agreed terms relating to the residential development of Fossetts…

www.echo-news.co.uk

SOUTHEND United chairman Ron Martin and Southend City Council leader Tony Cox have agreed terms relating to the residential development of Fossetts Farm.

The deal had been the last major stumbling block in Justin Rees and his consortium completing their takeover of the club as it was a requirement for the Shrimpers to stay at Roots Hall under the new ownership.

The agreement is still subject to cabinet approval in early 2024 but there there is now said to be sufficient confidence to proceed with the sale of the football club to the consortium.

The Echo has previously revealed that joining Australian Rees in the consortium are David Kreyling and Tom Arnold, the Founders of CSL Group which drives sport for social change, Hong Kong based hedge fund manager Jason Brown, John Watson, the owner of packaging and taxi businesses and Gary Lockett the chairman of the Southend United Community & Educational Trust.

They will be joined by the son of former MP Teddy Taylor, George who is a Hong-Kong based investor and is currently a director at Scottish Premiership giants Rangers.
And the Echo can now confirm Paul and Ian Redbourn are also part of the consortium.

The remaining work needed to complete the sale of the club to the consortium is procedural in nature and further updates will be provided when an exact date is confirmed.

The consortium have been funding the club in recent months and it was revealed at last week's Shrimpers Trust AGM that more than £500,000 has already been invested by the businessmen.

However, the Blues are still being hindered by a transfer embargo due to money owed to HMRC and the consortium have confirmed that their focus is on lifting the restrictions as quickly as possible.

The Shrimpers have been under the embargo since September 2022 and could only select one substitute for Saturday's 2-1 defeat against Bromley at Roots Hall.

No forgetting that @londonshrimper. was the one that first announced the Redbourn brothers & George Taylor being part of the consortium about two weeks ago.

Gets a lot of unfair criticism, but another thing he got right.

Oh dear, another porky pie from the Pinocchio account

With transfers and intel on the players side I agree. Whenever they have leaked bits info about the takeover and stuff such as RM being at RH yesterday however they have been proven factually incorrect.

@Paddypel you were saying...

 

[Target man]

Both went to school in Southend

Yes, Justin introduced me to Ian and his son on Saturday. Had a really long discussion him and he seems a really good guy. He's been a fan for a long time and really excited about the times ahead. Spoke very fondly of Justin's leadership.

 

[Gt Yarmouth Shrimper]

Both went to school in Southend

We'll need a bigger boat Directors Box

 

[Napster]

View attachment 30296

Yeah Paul was in my year at SHSB.

 

[shrimperjon]

No forgetting that @londonshrimper. was the one that first announced the Redbourn brothers & George Taylor being part of the consortium about two weeks ago.

Gets a lot of unfair criticism, but another thing he got right.




@Paddypel you were saying...

Also think his list of players we are looking at is pretty accurate as well although one we’ve already missed out on.

 

[shrimperjon]

We'll need a bigger boat Directors Box

There will be plenty of room in the new East Stand build