Could be the beginning of the end for Southend United if true.
Yet I still see no active signs from any fan groups of positive fallback action (i.e. is there a contingency to deal with a potential worst case scenario of liquidation?)
Could be the beginning of the end for Southend United if true.
Yet I still see no active signs from any fan groups of positive fallback action (i.e. is there a contingency to deal with a potential worst case scenario of liquidation?)
If a very big company like BL have pulled out and believe it is not viable I very much doubt another one would think differently.If the FF stadium is now dead, what will happen to PB shares?? :thumbdown:
Personally if this is true, I can on see one of 3 things happening now;
1) A new investor/partner miraculously stepping in.
2) RM giving up the dream, and selling the club (& debts) to claw back as much much money as possible
3) RM thinking he may have another chance in a couple years when the brexit downturn is over, and we live on breadcrumbs till then - and maybe longer.
Option 2 seems the most sensible, but again the question would be, what would RM's price be & who would pay it?
But sensible is not really how we do things, so we may end up with option 3.
also in case anyone feels like asking BL directly (unlikely to get a direct response though):
http://www.britishland.com/contacts/development-team
If the rumour is true, then the council could give permission for residential instead of commercial. They have already agreed to flats as part of the stadium and with real land problem in our town this would help hit government targets.
So Ron sells large chunk of land to residential developer and uses money to build stadium. Sells the RH site to same or other developer before we even leave and finishes the fourth side.
Result.... New stadium, lots of new and affordable houses that meet government targets, High street can't block the scheme because no out of town shopping......What could possibly go wRONg
I take your point, but what if the stadium isn't built ? Said developer would be stuck with a piece of land that they can't build on ? I'm reckon each of the Dragons would say "I'm Out".
If the rumour is true, then the council could give permission for residential instead of commercial. They have already agreed to flats as part of the stadium and with real land problem in our town this would help hit government targets.
So Ron sells large chunk of land to residential developer and uses money to build stadium. Sells the RH site to same or other developer before we even leave and finishes the fourth side.
Result.... New stadium, lots of new and affordable houses that meet government targets, High street can't block the scheme because no out of town shopping......What could possibly go wRONg
Developers don't purchase sites with the aim of delivering affordable housing - they will do everything in their power to avoid that very scenario (which is why Section 106 agremeents exist), so there would be little benefit to the town in that regard.
If the Council did impose a certain level of social housing for that site, it would almost certainly drive most decent developers away - in addition, he isn't going to bag the £30-£40m it is going to cost to build the stadium from the sale of this land...
Developers don't purchase sites with the aim of delivering affordable housing - they will do everything in their power to avoid that very scenario (which is why Section 106 agremeents exist), so there would be little benefit to the town in that regard.
If the Council did impose a certain level of social housing for that site, it would almost certainly drive most decent developers away - in addition, he isn't going to bag the £30-£40m it is going to cost to build the stadium from the sale of this land...
I am surprised of the apparent lack of posts on this subject as if true has the ability to threaten our entire existence....
It's too long term for anyone to feel urgency about it. People will bury their heads in the sand and hope for the best, focus on stuff on the pitch. It's like dying. We all know we're going to die at some point but we don't spend all day worrying about when.
I am surprised of the apparent lack of posts on this subject as if true has the ability to threaten our entire existence....
If BL have pulled out then this is serious stuff for all of us, far more worrying than not having a decent centre back! Maybe some really bad news is on the horizon unless Ron denies these rumours, not that many would believe him though.
Agreed - when it's confirmed BL have pulled out (or at least some sort of strong 'official' hint), this discussion should be moved to Chit-Chat. I don't think as many people read the Finance section of the forum.
Developers don't purchase sites with the aim of delivering affordable housing - they will do everything in their power to avoid that very scenario (which is why Section 106 agremeents exist), so there would be little benefit to the town in that regard.
If the Council did impose a certain level of social housing for that site, it would almost certainly drive most decent developers away - in addition, he isn't going to bag the £30-£40m it is going to cost to build the stadium from the sale of this land...
I don't profess to know the pro's and con's of the FF scheme but surely if housing was more viable than the current proposal we would if it was to be allowed by the council gone done that route. Would housing provide sufficient funding for the new stadium and complex? Would it provide a continuous earning potential that FF apparently offered?
This is hypothetical until we find out if BL have withdrawn and I doubt that the club will be forthcoming with that information for a while. It has gone e trembly quiet though.
The Seaways development has always been a threat to FF and they plan to apply for planning before the end of the year.
Without FF or a similar or another major development our future is really in doubt.
Never heard anyone say that before......:smile: