It is in process.Do you have a meeting arranged already with General Sports Worldwide LLP, or is this something you are looking to arrange just out of curiosity.
Out of interest, does anyone know if it is legal to make it a condition of planning that the stadium be returned to the club? What you're effectively asking is that the legal owner of the stadium has to relinquish itThe Shrimpers Trust has today sent the following email with regards to Southend United FC’s future following Friday’s press conference.
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If the perfect buyer cannot afford the stadium, he is not the perfect buyer.Sentiment of the letter is spot on.
The reality is the club don't own RH of Fossets now. Of course, he says he wants to sell club and stadium together and lets hope that happens ( I think it will).
But what happens if our "perfect buyer" can't afford the stadium?, and someone we really don't want can? Presumably we get the owner we don't want? After all the stadium is for sale- if someone doesn't have the money then what happens? Are they not allowed to buy the club?
If no-one can afford the stadium do we get Son of Ron? To think somehow he will be forced to give the stadium away, and for next to nothing, is for the birds...
The White Paper may someday become law of course...much watered down....and after many more delays. Regrettably. Or it might never, like so many broken promises of the years about so many things. Lets absolutely hope for the best.
I guess in summary we are seeking all the right things and the letter is to be supported. But just to temper expectations before we get carried away, as at some point there will be a collision with reality. The only way the club gets to own the stadium is a buyer with sufficient funds to buy both.
(PS. There are a bunch of advisors out there who will tell you the stadium and club should be held in different entities. Of course, this can be with the same owner. Reason if the club gets into difficulty and goes under, the stadium doesn't necessarily go with it)
In hindsight, you're right. Don't forget, however, the stadium wasn't gifted to the club under Ron, it was gifted when Vic Jobson was in charge. Initially it was he who mortgaged it to the hilt.The club should never have been given over without lots of caveats in place to make sure it was maintained appropriately and never became a saleable asset without full trust or equivalent approval.
Hopefully this can be a lesson learned and the club can inherit/purchase fossetts and never be in this situation again.
As for the letter. Its perfectly set out.
Absolutely agree its the right thing as I clearly said in my post.If the perfect buyer cannot afford the stadium, he is not the perfect buyer.
Ron wants out and his sons are not interested.
RM is getting the RH site once or if the club moves to the new stadium + the land at FF he will sell for housing... When is enough enough?
The point is IF nobody comes into buy us and it is blatanly obvious RM's pot is more than empty atm he may just say sod it and send us in to admin stating "I tried my best" He has already stated he does not expect to get any "debt" back.
The RED flags are flying and The Trust in the letter are doing the absolutely correct thing in sending it out.
What a fantastic, well written note, job well done by all who contributed.The Shrimpers Trust has today sent the following email with regards to Southend United FC’s future following Friday’s press conference.
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Are you serious, I think this is the most ridiculous post I’ve ever read on this forum. When you make a statement like this please back it up?Why don't the shrimpertrust just stay quite for once! Ron's selling the club,he's said he will sell the new ground as part of the package! Just let the agency dealing with the sale do they're job! The shrimpertrust is outdated and causes more problems then solves.
Why don't the shrimpertrust just stay quite for once! Ron's selling the club,he's said he will sell the new ground as part of the package! Just let the agency dealing with the sale do they're job! The shrimpertrust is outdated and causes more problems then solves.