When will the takeover go through? The Waiting Game...

[RHB]

Is it a one man operation then ?

Or Non Binary. Whatever it is, Macron don't have a spare one.

 

[Cricko]

Don’t panic they couldn’t get cover for someone that is going away I’ve just heard .

Tinpot and utterly ridiculous.

 

[Callumturner22]

Tinpot and utterly ridiculous.

Yep it sure is especially when they could have made a bit more money over that time .

 

[bazzashrimper]

Yep it sure is especially when they could have made a bit more money over that time .

Maybe. It depends on the daily income. Maybe it’s less than the salary of the replacement staff at this time of year.

 

[Jack_23]

 

[TUMBO]

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Does that mean CBRE are owed money by the Martins or the Martins can delay payment due fee?

 

[bazzashrimper]

Does that mean CBRE are owed money by the Martins or the Martins can delay payment due fee?

I read it as meaning that it’s not council business.

 

[tommy tucker]

I read it as meaning that it’s not council business.

This is nothing to do with the councils D D It seemes that cbre is owed money by Tne rat this should not slow the outcome .Which is needed ASAP ie before 23 days .is up .

 

[Holy Joe]

Does that mean CBRE are owed money by the Martins or the Martins can delay payment due fee?

I think CBRE have the mortgage on roots hall and have/will provide other financing for the scheme

 

[Blue Yonder]

I think CBRE have the mortgage on roots hall and have/will provide other financing for the scheme

I don’t understand this bit. What’s the motivation for CRBE to take the charge off Roots Hall short of it being paid off ? Any ideas ?

 

[Holy Joe]

I don’t understand this bit. What’s the motivation for CRBE to take the charge off Roots Hall short of it being paid off ? Any ideas ?

I don't think the charge comes off straight away, COSU are only leasing RH until full planning permission is given for new FF. But I think the point was that whilst CBRE are 'owed' money as far as we're aware the mortgage is not due and they're not someone that Ron has knocked (yet)

 

[bazzashrimper]

This is nothing to do with the councils D D It seemes that cbre is owed money by Tne rat this should not slow the outcome .Which is needed ASAP ie before 23 days .is up .

Which is why the councillor won’t answer as it’s nowt to do with them.

 

[Jai]

Is there any hope or do you really think it's over?

I'm not confident next week is going to be a good week. Based on not much more than the events of the past week plus the knowledge that while Ron Martin is involved in ANYTHING, it will fail.

 

[Jai]

When all this is sorted one way or other. We should crowd fund a contract on the family.

Think there are a fair few who would happily do it for free.

 

[Liam AAS]

I don’t understand this bit. What’s the motivation for CRBE to take the charge off Roots Hall short of it being paid off ? Any ideas ?

They can move it between businesses/properties. Only paying it off will "satisfy" the charge.

 

[bazzashrimper]

So given the last thing is DD now. COSU think it’s moving too slowly (rightly so). I wonder if we are at something like a deadline for the first 2 phases to be agreed between RM and the council - or they walk and the whole thing collapses, as does RM? Obviously we need decent enough news in DD phase 3.

 

[THE SEVENTIES NORTH BANK]

THE former leader of Southend Council has been accused of “keeping vital details secret” as a war of words breaks out over the deal for 1,300 homes at Fossetts Farms.
Worried Blues fans fear the deal over the homes, which will allow the club’s sale from Ron Martin to a consortium led by Justin Rees, is facing further delays after a statement from leader Daniel Cowan on Thursday.
Now, Mr Cowan has claimed the new Labour-led administration has been “disadvantaged” by former Tory council leader Tony Cox

Mr Cox has insisted there were “no red flags” during the DD process over the homes deal while he was leader of the council.
Mr Cowan said: “It is sad that councillor Cox is seeking to politicise the issue and sow discord with the supporters who are already anxious enough.
“We have inherited this deal, completely unamended from his time in office, and any outcome from the DD would be based entirely on the deal he personally negotiated and progressed during his time.

“This administration has been disadvantaged by the previous leader who kept vital information secret from fellow councillors, but we have worked hard to get across the detail in a short space.

“We have committed to being transparent and our three updates in our first 11 days of office demonstrates this.
“We will continue to be open, as promised.”
Southend Council met with Citizen Housing - fronted by Jack Martin, son of Ron Martin - and financial advisors on Thursday to progress the deal for 1,300 Fossetts Farm homes. Another meeting is set to take place tomorrow and the consortium has said it will not be issuing any statement until after the next update.
Mr Cox said: “The statement on Thursday wasn’t a statement. I thought it was bizarre. I appreciate there is a balancing act but that said nothing. It just creates more confusion. It seemed to suggest to me that all things weren’t quite right.

“It was shambolic and confusing. Before I left office, there weren’t no red flags, and there weren’t expected be any red flags. I am not saying there weren’t going to be discussions points as there always is with DD.
“If there are any red flags, they would have only come from the administration.”

 

[SeldomSeenShrimper]

 

[in the know]

I doubt the previous and current administration arguing over potential red flags helps our case in the WUP and just winds up the consortium even more!
The only good thing is this was totally expected as it was known the new administration weren't as favourable to all this as the previous one.
Hopefully, it will be resolved by the new administration claiming to have ironed out all the allegedly undisclosed issues and claiming to have saved the deal for their own beneficial publicity.
as long as it's done quickly and in time, I don't care who gets the credit at SCC.

 

[JB Shrimper]

Not a good time to be wang waving in front of the already tired and frustrated fans!