weststander
Manager
- Joined
- Nov 22, 2004
- Messages
- 1,357
How does Ron lose a fortune???
He has the 2 companys that own RH he also has the development rights to build FF.
That means if SUFC cease to exist today he still owns RH and boots and laces and will sell RH to Sainsbury for a tidy profit.
If the club goes into admin which i believe it will (from the guy i know at SUFC who told me about the Transfer Embargo 4 weeks before the club annouced it, tells me), Ron is not making a gut busting effort to stop it, cos if and when Duffen & Co buy the club from the administrators he still has the development rights to the most lucrative thing Sufc can do, a new stadium, so those rights need to be bought by the new owners, probably with a clause that Ron has a contract to build the new stadia.
This is the easiest way for Ron to now recoup any lost cash and earn more and cut any ties with SUFC.
Has this been a plan all along? i dont know, but its a bloody good financial back up for Ron.
And what happens if Ron sells and the new owners decide that the price Ron wants for FF is too mucha and they decide that they can make the club profitable at Roots Hall ??? Ron then has no money from Sainsburys and has a pretty much worthless piece of land at Fossetts Farm because the planning permission states quite clearly that the retail development can only be started once the Stadium has been built.