SUFC: The Future The Takeover - Very very close.

[JAL]

I'm told the council meeting will not be until February........Someone will have to trust someones word as we can't wait that long.

If you read the article, it says this but there’s sufficient work done to allow the takeover to go through.

 

[united we stand]

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.

Yep, I said exac the same on September 28th on the sale to JR thread

 

[The Original Tribal Chief]

Yep, I said exac the same on September 28th on the sale to JR thread

Well it appears you were wrong then and you're wrong now. Sale will be completed in 2023.

 

[Target man]

It's a big 24 hours ..... everyone will be glued like Transfer deadline day. Any chance Jim White will turn up?

 

[Barling Magna]

I’ve just bloody bought a Spurs shirt… FFS

Who.....?

 

[Medway Blue]

I'm told the council meeting will not be until February........Someone will have to trust someones word as we can't wait that long.

Lindsays | What is an Agreement for Lease, and what makes it different from the…

A business tenant taking on premises in a development may enter into an Agreement for Lease to cater for ancillary matters that have to be dealt with before a…

www.lindsays.co.uk

 

[Paddypel]

Feels like the next 24-48 hours are massive here!

 

[ColinMorrisWalksOnWater]

Feels like the next 24-48 hours are massive here!

Let's hope so!

 

[Shrimper]

Lindsays | What is an Agreement for Lease, and what makes it different from the…

A business tenant taking on premises in a development may enter into an Agreement for Lease to cater for ancillary matters that have to be dealt with before a…

www.lindsays.co.uk

Would assume there's indemnities?

 

[Medway Blue]

Would assume there's indemnities?

Quite possibly, I don't know on that one. It's not unusual to see an Agreement for Lease in place before planning permission is granted or even applied for though, and that's what happened with the current live and approved Fossetts plans.

 

[IloveShrimp]

Personally I don’t think the takeover will happen until next season.

 

[Juggler90]

Personally I don’t think the takeover will happen until next season.

This message will not age well.

 

[Kenny]

When the takeover completes and everything has been100% signed over to JR and co, I hope the council drag out the FF development indefinitely, and mire the Martins down in bureaucracy and red tape for the next.... ohhh, 20 years or so.

 

[stewart]

when the takeover is all done and completed and JR and the consortium are in charge ,i personally hope to never hear the name Ron rat martin and his offspring again .

 

[BoyWonder2]

When the takeover completes and everything has been100% signed over to JR and co, I hope the council drag out the FF development indefinitely, and mire the Martins down in bureaucracy and red tape for the next.... ohhh, 20 years or so.

See, I would agree, and I agree with the sentiments, but we could do with £20 million really….

Unfortunately, when RM goes, if we want the extra money, we need him to do well. It’s like having a player at the Club you never rated, and couldn’t stand, having a sell on clause so you secretly have to hope they do well.

 

[Hadleigh Blue]

Is today the day?

 

[rigsby]

If you read the article, it says this but there’s sufficient work done to allow the takeover to go through.

From what I'm told Jack Martin doesn't think so. Lets hope that final step can be made. If its all OK then there's no reason why it shouldn't happen this week.

 

[tommy tucker]

Jack martin can keep his nose out .Daddy can get on with selling the club without your say so .Little rat boy .

 

[rigsby]

Quite possibly, I don't know on that one. It's not unusual to see an Agreement for Lease in place before planning permission is granted or even applied for though, and that's what happened with the current live and approved Fossetts plans.

I own commercial property so know a bit about leases. My tenant will be doing agreed work over Christmas.

Yes I'm confident SBC will swap their deal from RH to FF. The problem is whether PP will actuality be granted for 500 houses on green belt. Plenty of NIMBYs will try to block that. We even had a troll on here trying to whip an anti stadium group because they hate any development.

As long as the takeover happens us fans won't care to much if the houses never happen but it will effect the £20m the consortium are expecting. That will ultimately cause us problems in another decade.

 

[tommy tucker]

I own commercial property so know a bit about leases. My tenant will be doing agreed work over Christmas.

Yes I'm confident SBC will swap their deal from RH to FF. The problem is whether PP will actuality be granted for 500 houses on green belt. Plenty of NIMBYs will try to block that. We even had a troll on here trying to whip an anti stadium group because they hate any development.

As long as the takeover happens us fans won't care to much if the houses never happen but it will effect the £20m the consortium are expecting. That will ultimately cause us problems in another decade.

Did JHustin not say the 20 millons is not an issue it would not stop the take over .Hopfuly that is right .