• Welcome to the ShrimperZone forums.
    You are currently viewing our boards as a guest which only gives you limited access.

    Existing Users:.
    Please log-in using your existing username and password. If you have any problems, please see below.

    New Users:
    Join our free community now and gain access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features. Registration is fast, simple and free. Click here to join.

    Fans from other clubs
    We welcome and appreciate supporters from other clubs who wish to engage in sensible discussion. Please feel free to join as above but understand that this is a moderated site and those who cannot play nicely will be quickly removed.

    Assistance Required
    For help with the registration process or accessing your account, please send a note using the Contact us link in the footer, please include your account name. We can then provide you with a new password and verification to get you on the site.

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

Forums New posts
Status
Not open for further replies.
meerkat54 said:
What’s really getting me is the 🐀 is in his lair absolutely ****ing himself.
He knows that he is in control of this sad episode in the clubs history.
If COSO allows the 🐀 to pull this stunt off, it’s just never going to end.
The club and supporters torment will continue, this will just go on and on. It’s all a game to him to keep screwing the consortium to keep his club going.
The man’s a parasite on the back of good honourable people . I hope the trust will release details of a plan to make the 🐀 families life unbearable, even Mrs 🐀 is fair game.
Click to expand...
He is not in control.

If anyone walks away:

- we lose a club. We'll live.
- the council lose their housing. They'll cope.
- the rat dynasty lose everything
 
Another blinder played by Ron. He can now attend the WUP, pleading his innocence to the judge that he has worked really hard to get a deal over the line but the mean council have back tracked on a previously agreed deal so it’s not his fault. To show what a collaborative gent he is, he has “agreed” to a revised offer from the council, that’s significantly worse in his eyes, and requests a further adjournment of 6-8 weeks to get the club sold 🤣🤣 It’s the same tactic with every hearing, always finding a way to kick the can down the road.
 
Seems to me that 5,30pm was very late to say 'that's it.' Personally I would have asked 🐀 soon as they walked in the room.'do you accept' 🐀 'no' Cowan 'goodbye' and walk out. Now IT is back in the driving seat. Really do fear more than ever that we are ****ed
 
Uncle_Rons_Teapot said:
@CllrDanielCowan stated the deal will sail through DD and it won't take so long

We are close
Click to expand...

rigsby said:
CllrDan, could you explain to us fans how and why the council are involved and the DD process.

Why is PP for x amount of houses not given and then the council could negotiate ownership/rental deal later?

Not asking for any financial secrets but some clarity for us fans.
Click to expand...
It’s a model called Income Strip where the tenant (in this case SCC) agree to rent all of the units for X price minus the value of Y which is called OpEx (operational expenditure) to cover the costs of maintenance voids etc (although not all costs are met this way as it’s a best guess).

The rest of the income (X minus Y) is then “stripped” by a private investor, usually a pension company, over the term of the lease (35-55 years depending on the deal).

This guaranteed income over a long period of time allows the investors to release large levels of capital funding which the developer (RM/JM) use to to build the properties and extract their profit.

It’s a really complicated financial transaction that requires an AfL (agreement for lease) before funding can be drawn so the tenant has to be certain they can cover the rents before they sign up.

There’s a lot more to it but that’s it in a nutshell
 
Confused
Statement says they got close enough to red lines to continue talks. Yet comments from Cllr Cowan on X say that citizen accepted final offer from SCC at 17:30

So did council move their own red lines, in which case they weren’t red at all
 
CllrDanielCowan said:
It’s a model called Income Strip where the tenant (in this case SCC) agree to rent all of the units for X price minus the value of Y which is called OpEx (operational expenditure) to cover the costs of maintenance voids etc (although not all costs are met this way as it’s a best guess).

The rest of the income (X minus Y) is then “stripped” by a private investor, usually a pension company, over the term of the lease (35-55 years depending on the deal).

This guaranteed income over a long period of time allows the investors to release large levels of capital funding which the developer (RM/JM) use to to build the properties and extract their profit.

It’s a really complicated financial transaction that requires an AfL (agreement for lease) before funding can be drawn so the tenant has to be certain they can cover the rents before they sign up.

There’s a lot more to it but that’s it in a nutshell
Click to expand...
Still no idea:Unsure:
 
Colblue said:
Confused
Statement says they got close enough to red lines to continue talks. Yet comments from Cllr Cowan on X say that citizen accepted final offer from SCC at 17:30

So did council move their own red lines, in which case they weren’t red at all
Click to expand...
He said that this morning they were 100 yards apart. SCC moved 20 yards and The Martins moved 80 yards.
 
CllrDanielCowan said:
It’s a model called Income Strip where the tenant (in this case SCC) agree to rent all of the units for X price minus the value of Y which is called OpEx (operational expenditure) to cover the costs of maintenance voids etc (although not all costs are met this way as it’s a best guess).

The rest of the income (X minus Y) is then “stripped” by a private investor, usually a pension company, over the term of the lease (35-55 years depending on the deal).

This guaranteed income over a long period of time allows the investors to release large levels of capital funding which the developer (RM/JM) use to to build the properties and extract their profit.

It’s a really complicated financial transaction that requires an AfL (agreement for lease) before funding can be drawn so the tenant has to be certain they can cover the rents before they sign up.

There’s a lot more to it but that’s it in a nutshell
Click to expand...
Wasn't this the type of deal that bankrupted Croydon council and or a few others? If so how does this impact DD
 
Status
Not open for further replies.

.



Club News
Fixtures and Results
League Table
SUFC Ticket Stats
Shrimpers Trust
SoccerBase
SUEPA (Ex Players)
Shrimperzone on Facebook
Shrimperzone on Twitter
Shrimperzone on Instagram


ShrimperZone Sponsors

FFM MSPFX Foreign Exchange Services
Estuary MFF2
Zone Advertisers Zone Advertisers

ShrimperZone - SUFC Player Sponsorship

Southend United Away Travel


All At Sea Fanzine


Back
Top