Thanks for confirming this, what are we waiting for them to do before the takeover can take place then?CBRE will not transfer charges until there is something of value to transfer them to, i.e. Fossetts Farm with new planning permission.
Thanks for confirming this, what are we waiting for them to do before the takeover can take place then?CBRE will not transfer charges until there is something of value to transfer them to, i.e. Fossetts Farm with new planning permission.
I think most the hold up is the council doing the DD. When they have done that it will be clearer what CBRE want or if this is what they have been waiting for. Ultimately no one knows what is going on as we aren’t being told. You have the councillors bitching at each other and being genuinely ****ing useless like always too. Fans clearly missing the key fact at this point in time and from what CP, consortium members etc are saying that it is not Ron causing this particular delay (yes he is mostly likely due a share of this part as the DD taking longer due to his web of whatever you want to call it) but ultimately it isn’t just him causing this delay. Too many people have failed this club and without the consortium paying the bills we would already be well and truly dead.Thanks for confirming this, what are we waiting for them to do before the takeover can take place then?
Lee, can you prize any more info about how these things work from your pal?So my pal seemed spot on with CRBE wanting full planning permission before finalising anything.
Thanks ron.
This only ends one way I'm afraid.
Where will AFC southend be playing home games?
Both Daniel and Paul Collins are supporters of the club and are very ah give here in Eastwood and both are really well liked and respected by the residents
To agree to the schedule of payments for the £20m that is set to flow from the profits of Fossett's to the football club.Thanks for confirming this, what are we waiting for them to do before the takeover can take place then?
You concerned this deal will never get done ?To agree to the schedule of payments for the £20m that is set to flow from the profits of Fossett's to the football club.
In other words, who gets paid first? SUFC or CBRE?
This is not holding up the completion of the deal between COSU and Martins.
What I can't work out is why CBRE have only raised an issue with it in the last few weeks. The deal between COSU and Martins was agreed in principle in December. CBRE should have had sight of it and raised this issue then.
Of course. I can't say I'm necessarily pessimistic because I'm not in the inner circle discussions and so don't have enough first hand knowledge, but it does seem to be a never ending cycle at the moment. Every time there appears to be a bit of light at the end of the tunnel, another barrier pops up.You concerned this deal will never get done ?
I don’t think they are necessarily new barriers. Just things we didn’t know about (aside from maybe the crbe thing). Those words are banned was, said the councillor, to be completed by end April - and he celebrated the fact that it was. Then there was the other part of Those words are banned.Of course. I can't say I'm necessarily pessimistic because I'm not in the inner circle discussions and so don't have enough first hand knowledge, but it does seem to be a never ending cycle at the moment. Every time these appears to be a bit of light at the end of the tunnel, another barrier pops up.
There is of course the possibility that the Rats behaviour has led to CBRE dragging their heels …
What I can't work out is why CBRE have only raised an issue with it in the last few weeks. The deal between COSU and Martins was agreed in principle in December. CBRE should have had sight of it and raised this issue then.
No he didnt he said we are in negotiations with him as are many other clubsBut but but we are signing Ollie Pearce London shrimper said so …
This is what I was getting at, without saying it in so many words.Maybe they did and the message wasn’t passed on?
It’s not hard to imagine a scenario where CBRE say “hmm, not sure that’s going to work for us” and Ron just ploughs on regardless and only belatedly realises that they aren’t going to change their mind.
Oh great, italics out, bold back in.The council do what the only thing the council are good at bury there heads in the sand and hope it will go away . its the same old thing they blaim ron .Ron blaims them .And so it goes on and on and on .
Their approval is needed for the sale of the club to COSU to go ahead. They are currently not providing it and appear to have a problem with the structuring of the £20m kickback to the club out of the Fossetts profits for the refurbishment of Roots Hall. I don't know why, exactly, but it might be because the current structure of the payment of that £20m could be putting SUFC at the front of the queue for payment as the Fossetts development hits phasing triggers.Have CBRE said they have a problem? Or are they just the last box to be ticked - ie their approval is dependent on something else that hasn't been completed yet?