When will the takeover go through? Council / Citizen Housing agree new Heads of Terms 26 June

[Yer Blues]

England won in extra time Lets all hope the concortium also win in extra time in the take over stakes Come on Justin go for it We are all behind you

Hey Tom!

It's consortium!

 

[Yer Blues]

This isn't happening tomorrow is it?

Based on what?

 

[Shrimper]

Based on what?

Based on what has been reported it sounds like it's going to be another disappointing day for us

 

[Uncle_Rons_Teapot]

 

[Tribal Chief]

Has that confidence dwindled ?

No, not really. I still think they will reach an agreement. Ron needs it more than anyone.

 

[SUFCGoals]

Everyone is so pessimistic. Chill out

 

[tallboyblue]

No, not really. I still think they will reach an agreement. Ron needs it more than anyone.

That’s probably the most sensible post on here.

 

[Shrimper]

Everyone is so pessimistic. Chill out

For good reason

 

[THE SEVENTIES NORTH BANK]

Well, if he doesn't hurry up, I'm gonna make Ron an offer he can't refuse.



A pillow.

 

[Mr Browns Ghost]

This isn't happening tomorrow is it?

Never was

 

[Yer Blues]

Based on what has been reported it sounds like it's going to be another disappointing day for us

So **** all then?

Those proven to be in the loop aren't saying what you think they are.

 

[danbowen]

My personal view is very doubtful , will the consortium continue. Think they must be almost ready to pull out unfortunately.

I highly doubt the consortium are ready to pull out at all. Just paid all salaries, come to agreements to stop us being wound up only last week and been in negotiations this weekend with Justin flying back to England tonight. Chill out and stop panicking so easily.

 

[Tribal Chief]

I highly doubt the consortium are ready to pull out at all. Just paid all salaries, come to agreements to stop us being wound up only last week and been in negotiations this weekend with Justin flying back to England tonight. Chill out and stop panicking so easily.

Quite right. They aren’t pulling out now.

 

[Taters123]

Is the £1m due to the national league due tomorrow?

 

[Mr Plow]

Is the £1m due to the national league due tomorrow?

We've lodged an appeal so probably not.

 

[dusterman]

Quite right. They aren’t pulling out now.

And all the love to them for that. Heroes.

 

[Ian Benjamin]

If RM has no intention of paying the £20m, which he probably hasn’t. Then he shouldn’t be getting planning on the FF stadium site for more housing. Hopefully Councillor Cowan can play another blinder for us.

 

[tommy tucker]

We've lodged an appeal so probably not.

So who lodged the appeal Rat man Or Justin and his merry men ?????

 

[Westcliff DGS]

If RM has no intention of paying the £20m, which he probably hasn’t. Then he shouldn’t be getting planning on the FF stadium site for more housing. Hopefully Councillor Cowan can play another blinder for us.

Agree he shouldn’t. However, decoupling the property from the club to allow the takeover to happen sooner means that it will make it harder to agree I would think

 

[KiwiRob]

CONSORTIUM members Justin Rees and Jason Brown have flown back to England in a bid to quicken their takeover of Southend United.

Rees will arrive from Australia on Monday morning while Brown has headed home from Hong Kong ahead of a hugely significant day for the future of the Shrimpers.

The consortium revealed last week how they are now trying to take control of the club immediately after the National League requested a £1million bond to be paid to prove Blues could fulfil their fixtures during the forthcoming campaign unless their was a change of ownership.

The Shrimpers have appealed that decision while takeover talks continue with Ron Martin but the Echo understands there is now an issue with the previously committed £20million contribution to Roots Hall development.

The National League are continuing to monitor the situation while they also assess their next move.

It is interesting that two of the biggest financial contributors to the consortium's takeover bid have chosen to intervene in the negotiations with RM and JM. Hopefully, this is a statement of intent to conclude the deal and perhaps a signal to the Martins that the consortium has not got unlimited patience.