SUFC: The Future The Takeover - Very very close.

[annie1954]

As long as it’s completed by the start of next season…

Blimey as early as that

 

[CanveyCastle]

Where’s the new quote it’s coming promise from?

it's a quote about Christmas, as that is definitely coming.

 

[AlfaShrimper]

So rather than just talking about it. When are the protests starting again? It needs to be asap.

 

[discord]

Why are there no match tickets available for January, when we are in December?

 

[overseas shrimper]

Why are there no match tickets available for January, when we are in December?

Blimey, we're only 2 days into Decemer. And what has that got to do with this thread?

 

[Mr Browns Ghost]

Bang On! That is exactly what’s gone on, and given Ron’s reputation he had to go all the way to the other side of the world to get another poor sod to bankroll his ineptness as a businessman. One day I really hope his dodgy dealings catch up with him and Jack and they find themselves inside

I hope they both get skinned alive

 

[Danshrimper]

Why are there no match tickets available for January, when we are in December?

They usually release tickets for games in blocks, so they’ll probably be on there soon. But why would anyone need tickets this far in advance for games in January anyway?

 

[tommy tucker]

Easter coming soon we it be completed by then .

 

[tommy tucker]

What we want is no more. talk just action It's time to rid the club of the cancer that is destroying our club

 

[Gt Yarmouth Shrimper]

What we want is no more. talk just action It's time to rid the club of the cancer that is destroying our club

What do you propose that doesn't involve the prospect of the consortium saying, F this if this is how the fans behave.

 

[BobbyDazzler]

Please Please Please Mr Martin sign over every day i look every day I’m diss appointed my nerves r in shreds

 

[Shrimper44]

As long as it’s completed by the start of next season…

And I thought we had to wait a long time for a new stadium

 

[Ian Benjamin]

I have worked in property development finance for over 20 years & worked on hundreds of schemes with S106 payments, so I am pretty well qualified to talk on this.

The payment of the £20m, is simply an amount due in the 106, like a highways contribution or an affordable housing requirement or an education payment towards a new school.

It is therefore a “fundable cost”, just like any other cost in the appraisal of the development, and would be treated no differently to any of the following; land cost, build cost, professional fees, interest, contingency etc..

If the payment was a profit share, it would be much more contentious as that would bring in the chance of people playing fast and loose.

But as it stands, it is really a simple line item in scheme with a value of £300m plus.

My guess is Rat JR wants to renegotiate it into more of a profit share paid at the end - because right now, the £20m should be paid pretty much as soon as the development starts and anyone looking at the finance of this (with half a brain) would essentially treat it as an additional land payment to facilitate the scheme.

 

[Mr Browns Ghost]

I’m not sure that’s the case

 

[Holy Joe]

I have worked in property development finance for over 20 years & worked on hundreds of schemes with S106 payments, so I am pretty well qualified to talk on this.

The payment of the £20m, is simply an amount due in the 106, like a highways contribution or an affordable housing requirement or an education payment towards a new school.

It is therefore a “fundable cost”, just like any other cost in the appraisal of the development, and would be treated no differently to any of the following; land cost, build cost, professional fees, interest, contingency etc..

If the payment was a profit share, it would be much more contentious as that would bring in the chance of people playing fast and loose.

But as it stands, it is really a simple line item in scheme with a value of £300m plus.

My guess is Rat JR wants to renegotiate it into more of a profit share paid at the end - because right now, the £20m should be paid pretty much as soon as the development starts and anyone looking at the finance of this (with half a brain) would essentially treat it as an additional land payment to facilitate the scheme.

It was stated as 20m from profits I think. Can S106 be used to finance private activities or only council/public like schools, doctors etc?

 

[Smiffy]

It was stated as 20m from profits I think. Can S106 be used to finance private activities or only council/public like schools, doctors etc?

Correct. £20m from the development profits and within 10 years I believe it said in the council meeting notes. Hence why I presume the consortium are trying to sort this in a legally binding agreement that Rat Jr & associates cannot renege on. Or at the very least massively reduce the risk, as when you are working with that lot, there is always going to be a degree of risk, no matter how watertight the paperwork.

 

[Booma]

Correct. £20m from the development profits and within 10 years I believe it said in the council meeting notes. Hence why I presume the consortium are trying to sort this in a legally binding agreement that Rat Jr & associates cannot renege on. Or at the very least massively reduce the risk, as when you are working with that lot, there is always going to be a degree of risk, no matter how watertight the paperwork.

I can’t help but worry that the £20m payment will be earmarked to come from one of the fraudsters many companies, possibly a new company with the sole intention of not paying the club.

@Ian Benjamin what are the forms of redress should a S106 be breached?

 

[Mick]

It was stated as 20m from profits I think. Can S106 be used to finance private activities or only council/public like schools, doctors etc?

Under S106 of the Town and Country Planning Act 1990, as amended, contributions can be sought from developers towards the costs of providing community and social infrastructure, the need for which has arisen as a result of a new development taking place.

 

[Fairport]

Under S106 of the Town and Country Planning Act 1990, as amended, contributions can be sought from developers towards the costs of providing community and social infrastructure, the need for which has arisen as a result of a new development taking place.

The problem is that the developers very often renege on the deal and the Council's are reluctant to pursue the matter due to legal costs.

 

[Spaceman Spiff]

Here’s a couple of posts from a different thread (they were off topic on that thread). They don’t appear to have been widely discussed:

Hear 16th is now the date being talked about for the takeover but so far nothing has happened as talked about so who knows !?

So the next significant date of ratboy’s housing passion. God, I hate the cunit.

Yeah, could be back to 16 but ideally we need Mooney and beau to be replaced (for different reasons)

So, 16th December is now being mooted as the next significant target date - the date of an SCC decision on a planning matter for ratty junior.

That’s a Saturday, the day of the Bromley match at home. Seems a little unlikely as a planning hearing date? Either way can SCC not bring it forward? Put some pressure on the rat clan to get their collective asses in gear?

Someone (other than the rats) needs to bring the non-rodent parties together (consortium, Shrimpers Trust, Tom Lawrence, SCC, Anna Firth etc) and plan an agreed route to forcing the rats to sign over the club and Roots Hall, and for them to be on the hook in a watertight way to pay up £20M, in the shortest reasonable time possible. Then act on that plan in a unified and coordinated way to get this **** sorted.