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SUFC: The Future The Takeover - Very very close.

Our hopes and visions for the rebirth of Southend United, plus any plans published by the consortium for discussion
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It’s got nothing to do with the consortium holding things up, the only person responsible for any delays is due to the actions of two men, Ron and Jack Martin.

It certainly didn’t help that Ron had to change solicitors halfway through this sale process, a decision that wasn’t Ron’s choice either.

The decision was made by the solicitors to stop representing Ron and It wasn’t for unpaid bills this time either. I’ll leave it up to you as to why you think that was, but from what I hear Ron’s being a very naughty boy and they no longer wanted to represent him!

I have no doubt Justin and the consortium are acting in a professional and honourable manor, unfortunately the same can’t be said for Ron and Jack Martin, who are lying, stealing and cheating their way through this whole sale process!!
Has your 'third man' surfaced at all?
 
As the consortium are only paying £1, I can imagine Rat saying something like “well you can’t pay any less for it, so get on with it”.

But if they have unearthed day another £200k of issues, it is reasonable for the guys to want the Rat to clear the new issues before they take over.

At some point the consortium are either going to have to buy it - or walk away, this limbo position cannot continue indefinitely.
Yes indeed. Its one thing to negotiate future payments out of future profits, but the price obviously can't reduce and I don't think many of us believe he's got a pot of cash to settle anything now.

If it is about money then, if its not a material amount, it's just pointless d**k waving and the prize isn't worth the chase. Meantime we are screwing the players and staff. Just get it done.

If it is material that is more of an issue.

But could just as easily be about legal wording/ contractuals, warranties and other stuff that can, if allowed, progress at a funereal pace. Accounts and legals are paid by the hour..

It's not for us to know.
 
Most of what we’ve read on this thread has been understandable frustration and impatience to get this protracted hell over and done with.

One or two people have made some claims, which sound plausible but we don’t actually know how accurate they are or how credible some of those making the claims are. Especially as some of those folks have made previous claims that appear to have been tosh.

There are some Shrimpers fans who do have an inside track on what’s going on (not everything I’m sure, but much more than the rest of us). Those are the people at the top of the Trust, or closely associated and supporting the various Trust actions over the past months.

If those people start voicing concerns I think that’s the time to take things seriously.

My own opinion, and it’s really not evidenced but how I interpret my own observations, is that the protests probably did help somewhat - and might again. They might not help though and might not be needed - it depends what the true and actual situation is. For that we need a bit of a steer.

@Medway Blue I’m sure you can’t say anything specific, and you might not know everything, but from what you do know do you think some fan action might help?
 
Most of what we’ve read on this thread has been understandable frustration and impatience to get this protracted hell over and done with.

One or two people have made some claims, which sound plausible but we don’t actually know how accurate they are or how credible some of those making the claims are. Especially as some of those folks have made previous claims that appear to have been tosh.

There are some Shrimpers fans who do have an inside track on what’s going on (not everything I’m sure, but much more than the rest of us). Those are the people at the top of the Trust, or closely associated and supporting the various Trust actions over the past months.

If those people start voicing concerns I think that’s the time to take things seriously.

My own opinion, and it’s really not evidenced but how I interpret my own observations, is that the protests probably did help somewhat - and might again. They might not help though and might not be needed - it depends what the true and actual situation is. For that we need a bit of a steer.

@Medway Blue I’m sure you can’t say anything specific, and you might not know everything, but from what you do know do you think some fan action might help?
If this post was partly aimed at me, please tell me exactly what I’ve posted that’s been inaccurate so far?
 
Thought there was positive vibes takeover-wise pre Gateshead, has that dissipated?
There was a lot of positive talk in the pub on Saturday and in particular from someone very close to the consortium. It was believed that the takeover could have happened last week and then talk that it would be this week. This may well be the case. However it appears dealing with Ron isnt easy (of course we know that) but Jack also thrown into the equation is twice as difficult. Agree with Smiffy that if nothing has happened by Monday or no further update then maybe the protests need to start again.
 
It’s got nothing to do with the consortium holding things up, the only ones responsible for any delays is due to the actions of two men, Ron and Jack Martin.

It certainly didn’t help that Ron had to change solicitors halfway through this sale process, a decision that wasn’t Ron’s choice either.

The decision was made by the solicitors to stop representing Ron and It wasn’t for unpaid bills this time either. I’ll leave it up to you as to why you think that was, but from what I hear Ron’s being a very naughty boy and they no longer wanted to represent him!

I have no doubt Justin and the consortium are acting in a professional and honourable manor, unfortunately the same can’t be said for Ron and Jack Martin, who are lying, stealing and cheating their way through this whole sale process!!
Do you ever bring good news?? lol
 
It’s got nothing to do with the consortium holding things up, the only ones responsible for any delays is due to the actions of two men, Ron and Jack Martin.

It certainly didn’t help that Ron had to change solicitors halfway through this sale process, a decision that wasn’t Ron’s choice either.

The decision was made by the solicitors to stop representing Ron and It wasn’t for unpaid bills this time either. I’ll leave it up to you as to why you think that was, but from what I hear Ron’s being a very naughty boy and they no longer wanted to represent him!

I have no doubt Justin and the consortium are acting in a professional and honourable manor, unfortunately the same can’t be said for Ron and Jack Martin, who are lying, stealing and cheating their way through this whole sale process!!
From the sounds of it the apple didn’t fall far from the tree 🤔…..
 
Maybe this thread should carry a warning, perhaps something along the lines of 'discretion advised for those with a nervous dispersion' Well, we really are in the realm of 'Squeaky Bum Time' aren't we! Look the sound of silence is causing much consternation for many and for others there is an acceptance it's unfortunately the natural order of things given the complexity of buying from a seller who potentially has more surprises in the cupboard than the wardrobe to Narnia could offer! Myself I do believe the deal will happen. I would like to think if JR is still planning to be in the UK for Saturdays game we would at least get some communication from him even if it's not 'the' announcement!
 
It’s got nothing to do with the consortium holding things up, the only ones responsible for any delays is due to the actions of two men, Ron and Jack Martin.

It certainly didn’t help that Ron had to change solicitors halfway through this sale process, a decision that wasn’t Ron’s choice either.

The decision was made by the solicitors to stop representing Ron and It wasn’t for unpaid bills this time either. I’ll leave it up to you as to why you think that was, but from what I hear Ron’s being a very naughty boy and they no longer wanted to represent him!

I have no doubt Justin and the consortium are acting in a professional and honourable manor, unfortunately the same can’t be said for Ron and Jack Martin, who are lying, stealing and cheating their way through this whole sale process!!
SHOCK!
 
The trust must be in the loop and as they've remained hush on things I'll take that as good news.

The moment they call for some fan action is when I'll worry or if wages don't get paid
I think wages are going to be an extremely good indicator of progress on the deal. Anyone with any connections at the club would do well to ask if payment has been made tomorrow.
 
I think the thing that most people forget is that the "should be this month" was just a quote from Gary Lockett ( I think) when being interviewed about the consortium.

It was never it will be done by 30th November or it won't happen.

Time lines slip on these sorts of things and until someone actually involved in the purchase says there is a problem then everything is probably still ticking along although slower than most of us would hope.
 
Just finished listening to Today's edition of Podcast and the view expressed on there was that there was a hold up on the payment on the £20m and how that is being scheduled and the consortium wanting the binding assurances in place to complete.

It was quoted as coming from sources close to the deal, if correct and those assurances aren't forthcoming, then for me that is a worry.
 
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