SUFC: The Future The Takeover - Very very close.

[Fairport]

The above post should of course read £20 mill.

 

[E for B and Billy Best]

The consortium would be best to budget without the £20m. If they don't get it up front, they will get knocked. Head rat and rat jr, probably already have hatched a plan to renege on the agreement.

 

[Rayleigh boy]

Yes John, faith and the just don't belong in the same sentence. For me it's all about the Consortium establishing the best post takeover legal position possible If and more likely when the defaults on the agreed payments.

yep - I agree ... first get in the door and then unleash the legal dogs

 

[tommy tucker]

Get em in .As soon as it happens I'm sure the gates would grow .Despite what has been said about supporting the team .There are still many staying away while the rat in in charge.

 

[SHRIMPERPETER]

The consortium would be best to budget without the £20m. If they don't get it up front, they will get knocked. Head rat and rat jr, probably already have hatched a plan to renege on the agreement.

Then the council should do the same to him

 

[in the know]

This takeover reminds me of the long drawn out trench warfare in WW1 . Gain a few yards, go back a few yards.
I bloody hope the takeover is done before 4 years. This takeover is becoming a war of nutrition.

At least there will be a game of football on Xmas day if that's the case.

 

[Billy Bests boot laces]

Should be a protest organised outside his house before the game on Saturday. He cannot be allowed to relax otherwise he will **** us

With Saturdays temp being a maximum 5*, how many fans would turn up?. I'd est 10 max, i'd be there but would have to leave after 1/2 hr as at my age, would probably need a pee.

 

[Billy Bests boot laces]

I do believe Justin has been paying the last few months wages, he is in the fire now, As far as RM goes with his statement of "the Hots are set in stone" if we do not get this over the line soon then it will be admin and all but the rat will lose out. He has no care about the club it actulaly makes no difference to him where he builds houses.

The council are our only hope there and they need to apply pressure.

Probably like many other's i didn't expect the sale to go without some problems, albeit from the 'Rat'. His had many decades of getting to the devious, sly, cunning level of pond life that he is. Maybe he dangled the carrot to Justin, hoping he'd grab it with genuine sincerity & good faith, which it would appear he's done?.
Who knows what will happen within the next week or so?. But IF things were to go pear shaped & we faced Admin, then 'The Rat' will face the consequences, guaranteed.

 

[tommy tucker]

I don't think for one moment the club will be plunge into administration Even the stupid rat man and his brain dead son knows for that to happen they would lose everything.

 

[Medway Blue]

I'm sure the consortium aren't relying on the £20m. They have already said for example the stadium improvements aren't reliant on this as funds are in place. And the £20m can never guaranteed, as FF development can't be guaranteed, anymore than the revised planning can be guaranteed. The consortium aren't fools and will have long known this. But it's a big number and they will want to make sure they get it if its due.

So it's contracting for the what ifs which is always difficult. At what stage of the build & post occupation period do sums become payable, how much, how can payment be assured/enforced against that schedule, if its out of "profits" how is this defined and measured and by whom, if revenues are shared by Ron & SCC (will payments come from Ron or from SCC), what assurances can SCC give. This will be complicated contractually as once again it's based on a build that hasn't yet happened, with uncertain costs, uncertain profits and a contract with SCC that has no doubt yet to be agreed? And I'm sure I've missed a lot.

On the other hand this has all been known in relation to the £20m for weeks, and we have in that time been given 2 or 3 dates by which the takeover was expected to complete nonetheless. So the consortium must have believed/believe this was pretty much all agreed- after all there is no way this would have been left to the end under AOB.

I know we have told there will be no running commentary. However, timely updates when deadlines are missed does not represent a running commentary merely expected communication. So if this doesn't happen by Saturday for sure we will be owed an update.

Personally I doubt there is much if anything to be concerned about. Could just as well be announced tomorrow or Friday.

Don't forget to differentiate between what they can control, and what they can't. Ultimately they can't control whether Fossetts happens or not, and they know that. But they do have a little more control over granular terms of the contract for if it *does* happen, and are quite right to close as many loopholes that the Martins could exploit as they possibly can. Ultimately though, that money is pretty pivotal.

The rat will not care how this goes as i said earlier, Justin has been mugged into paying the last few months wages. The rat still holds the cards as he can always go the admin way and **** over Justin on the way and take a gamble with the council over any other planning.

They need to tell him you will get **** all planning it will be called in if you do not get this deal over the line.

I think he's well aware that he's losing leverage each time he pays RM's bills whilst RM still owns the club, but I don't think he'd do it unless he felt pretty confident still that all will be well.

I think we're quite right to continue directing ire towards RM, but one thing to consider is who will be paying the £20m. It won't be Ron. His name isn't on anything. It'll be Thames Plaza and associated companies, i.e. Jack Martin and partners. So I'd say if anybody is trying to wriggle, keep loopholes in place and/or not provide security it's them.

The Dellals are involved in this too. They are disgustingly, disgustingly wealthy. Surely it's in their interest to provide the security considering the money they already have and the money they'll make out of this? And what about the company holding the charges over the club and associates assets/land? Same for them.

Fingers crossed it'll get sorted. I remain confident. You'll never eliminate the risk, but they're right to try to close off as many loopholes as they can and try to avoid lengthy, costly and soul-sapping legal action down the line.

 

[Hadleigh-shrimper]

Don't forget to differentiate between what they can control, and what they can't. Ultimately they can't control whether Fossetts happens or not, and they know that. But they do have a little more control over granular terms of the contract for if it *does* happen, and are quite right to close as many loopholes that the Martins could exploit as they possibly can. Ultimately though, that money is pretty pivotal.


I think he's well aware that he's losing leverage each time he pays RM's bills whilst RM still owns the club, but I don't think he'd do it unless he felt pretty confident still that all will be well.

I think we're quite right to continue directing ire towards RM, but one thing to consider is who will be paying the £20m. It won't be Ron. His name isn't on anything. It'll be Thames Plaza and associated companies, i.e. Jack Martin and partners. So I'd say if anybody is trying to wriggle, keep loopholes in place and/or not provide security it's them.

The Dellals are involved in this too. They are disgustingly, disgustingly wealthy. Surely it's in their interest to provide the security considering the money they already have and the money they'll make out of this? And what about the company holding the charges over the club and associates assets/land? Same for them.

Fingers crossed it'll get sorted. I remain confident. You'll never eliminate the risk, but they're right to try to close off as many loopholes as they can and try to avoid lengthy, costly and soul-sapping legal action down the line.

Cheers update hopefully asap before we get dragged into relegation

 

[Ron Manager]

So are we saying I won’t be having my ‘Ron has gone’ big night out on the beers Friday evening my time? It keeps getting pushed back every week.

 

[londonblue]

Don't forget to differentiate between what they can control, and what they can't. Ultimately they can't control whether Fossetts happens or not, and they know that. But they do have a little more control over granular terms of the contract for if it *does* happen, and are quite right to close as many loopholes that the Martins could exploit as they possibly can. Ultimately though, that money is pretty pivotal.


I think he's well aware that he's losing leverage each time he pays RM's bills whilst RM still owns the club, but I don't think he'd do it unless he felt pretty confident still that all will be well.

I think we're quite right to continue directing ire towards RM, but one thing to consider is who will be paying the £20m. It won't be Ron. His name isn't on anything. It'll be Thames Plaza and associated companies, i.e. Jack Martin and partners. So I'd say if anybody is trying to wriggle, keep loopholes in place and/or not provide security it's them.

The Dellals are involved in this too. They are disgustingly, disgustingly wealthy. Surely it's in their interest to provide the security considering the money they already have and the money they'll make out of this? And what about the company holding the charges over the club and associates assets/land? Same for them.

Fingers crossed it'll get sorted. I remain confident. You'll never eliminate the risk, but they're right to try to close off as many loopholes as they can and try to avoid lengthy, costly and soul-sapping legal action down the line.

One question for me, however, is this. If Ron hasn't paid the last 2 month's wages and the consortium have, how can he say HoTs are set in stone? Firstly, they're not and secondly, he's the only person who has broken them.

 

[Medway Blue]

One question for me, however, is this. If Ron hasn't paid the last 2 month's wages and the consortium have, how can he say HoTs are set in stone? Firstly, they're not and secondly, he's the only person who has broken them.

Nail. On. Head.

I mean, they need to be signed to be anywhere near set in stone anyway, and not just verbally agreed.

 

[tommy tucker]

As you know Ron makes his own rules up So there fore he feels he is right to break them

 

[KiwiRob]

One question for me, however, is this. If Ron hasn't paid the last 2 month's wages and the consortium have, how can he say HoTs are set in stone? Firstly, they're not and secondly, he's the only person who has broken them.

Yes, I think you are absolutely right. Heads of Terms are normally subject to DD and therefore cannot be 'set in stone' as claimed by RM.

 

[Tampa Blue]

I was told that unsurprisingly some of what was verbally agreed in meetings appears to ‘suffer in translation’ when provided by the Rat Clan for approval by the Consortium.

Hardly surprising but remain hopeful that the Consortium members are smart enough and patient enough to agree a final deal that consigns Ratman to history.

 

[Somerset Ex-TTB]

Payday today? Anyone have any inside info, have the staff and players been paid?

 

[Medway Blue]

I was told that unsurprisingly some of what was verbally agreed in meetings appears to ‘suffer in translation’ when provided by the Rat Clan for approval by the Consortium.

Hardly surprising but remain hopeful that the Consortium members are smart enough and patient enough to agree a final deal that consigns Ratman to history.

Emphasis on this. I am not giving Ron Martin any credit, but it's Ratty Jr. and associated companies/partners who would be providing the money.

Meet - agree something verbally - part - Ratty Jr. and/or associated companies/partners are uneasy about what's been verbally agreed - written version then doesn't quite match what was verbally agreed, or has loopholes - rinse and repeat.

That may well have improved drastically over the last week or so though, and I think they'll get there.

 

[tommy tucker]

The rat chain need to be brought to task .it seems young rattie is as bad if not worse than rattie senior. Like king rat his off spring will get his fingers burned sooner or later .