Shareholders

[hlane17]

This is something that @GBJ, myself and others heard late last year. I believe it to be true, although nobody will ever admit it. I believe a deal came close in October, and lots of things add up.

-- FVW sold Hi-Tec for tens of millions a few years back and still owns companies with high turnovers.
-- His bid was, I think, a consortium which brough onboard some or all of the Dutch folk involved in the bid for Wycombe several months beforehand.
-- One of the Dutch folk involved in the Wycombe bid was Dirk Kuyt, a very close personal friend of the Van Wezels.
-- Another Dutch person supposedly involved in the Wycombe bid was Henrik Larsson, who is now Assistant Manager to Ronald Koeman who was also supposedly involved in the Wycombe bid - RM conducted a very odd and drawn-out chase for Larsson as manager. Was he the Dutch consortium's preference for manager?
-- Several million £s worth of SUFC debt was suddenly and inexplicably written off around the same time. This is all documented on Companies House. I believe this was an attempt by RM to 'clean up the books' somewhat and make things a bit more appealing for the consortium to push things through.

Even then, I think the potential investors felt it was too risky to pay that kind of money before the club got planning permission. But I believe the Van Wezel's remain interested, with or without the other formerly interested parties.

Interesting. I wonder if things will suddenly begin happening if planning permission is granted?

 

[Mick]

As a shareholder I was wondering whether its possible to call an extraordinary shareholders meeting.I fully realised that Ron holds the majority of shares but I feel we should try and bring Ron to the table to explain how in intends to get the club out of the crisis we are currently in.
I am not familiar with these sort of procedures hence my post.

Southend United Football Club is a Private Limited Company and therefore shareholders representing 10% of the shares (or voting rights - same thing in our case) can call for an EGM (or an AGM if the Club has exercised its right not to hold one).

 

[Strykr]

Frank Van Wezel - Born and Raised in Netherlands. Wonder if he helped to grease the wheels of the Dutch Consortium takeover bid with Henrik Larsson??

Quick someone sms henrik...

 

[Mad Cyril]

Frank Van Wezel - Born and Raised in Netherlands. Wonder if he helped to grease the wheels of the Dutch Consortium takeover bid with Henrik Larsson??

For shure.

 

[Cricko]

Quick someone sms henrik...

He will be to busy texting RM.

 

[Maldon Shrimper]

Southend United Football Club is a Private Limited Company and therefore shareholders representing 10% of the shares (or voting rights - same thing in our case) can call for an EGM (or an AGM if the Club has exercised its right not to hold one).

Thanks Mick for answering my question

 

[Mad Cyril]

How many shares are required for the 10% to call an EGM?

Maybe we can all chip in?

I can account for 400...

 

[Clinton Baptiste]

Look forward to oranjeboom on tap in the shrimpers bar.

 

[GBJ]

I’ve been saying for ages, The Hi-Tec ArenA really does have a ring to it.

 

[GBJ]

This is something that @GBJ, myself and others heard late last year.I believe it to be true, although nobody will ever admit it (legal/commercial sensitivity?). I believe a deal came close in October, and lots of things add up.

-- FVW sold Hi-Tec for tens of millions a few years back and still owns companies with high turnovers, so has funds.
-- His bid was, I think, as part of a consortium which brought onboard some or all of the Dutch folk involved in the bid for Wycombe several months beforehand.
-- One of the Dutch folk involved in the Wycombe bid was Dirk Kuyt, a very close personal friend of the Van Wezels.
-- Another person supposedly involved in the Wycombe bid was Henrik Larsson, who is now Assistant Manager to Ronald Koeman - another Dutchman who was also supposedly involved in the Wycombe bid. RM conducted a very odd and drawn-out chase for Larsson as manager. Was he the Dutch consortium's preference for manager?
-- Several million £s worth of SUFC debt was suddenly and inexplicably written off around the same time. This is all documented on Companies House. I believe this was an attempt by RM to 'clean up the books' somewhat and make things a bit more appealing for the consortium to push things through.

I can imagine RM dismissing most approaches to buy the club because the club has no assets and is ultimately worthless to outsiders, so the money involved in such bids will be minimal. However in Ron's eyes the club is much more valuable because of the amount of his own money that he has put into it. I can only assume that the reason things got close to happening in October is because the interested party agreed to pay RM a large proportion of the money that he has loaned to the club - although not all of the money, hence why he officially wrote off some of the debt back in October.

Ultimately I think the interested party decided that they couldn't pay that kind of money until planning permission had been granted for Fossett's to give the club a sounder financial footing. But I think the van Wezels remain very interested.
.

Frank has a close affinity to the Club and the Town itself.

 

[Ex-SouthendUnitedEmployee]

Wouldn’t be surprised if Ron’s end game is to build the stadium and all that surrounds it, and then live off the rent from FF and RH sites and relinquish the club knowing he has that income set for life.

Once that’s all built, he won’t need the hassle of running a club, and that’s the point he’d sell.

Maybe I’m wrong, but I alway see him as the property developer in a badly gone wrong stadium development and now needs to keep hold of the club until it’s built.... rather than someone who is running a club because he enjoys the thrill of it.

If there hadn’t been the financial collapse so close after the original planning permission back in 2007...and he got the build up... would he still be around now? Is it a case of a lot of good money being thrown after bad and now in so deep has no option but to ride it out until he finally gets there

 

[Mick]

How many shares are required for the 10% to call an EGM?

Maybe we can all chip in?

I can account for 400...

Broadly speaking, just a little under 70,000.

South Eastern Leisure (Ron Martin) hold over 70% with approx 479,000.

There are only 5 other shareholders with over 2% holdings (in decreasing order):

David Markscheffel (director)
Peter Butler
John Bridge (ex director)
John Bath
Ian Bridge

Frank Van Wezel, although a director for 20 years (and some previously) holds less shares than both you and I.

There are close to 1500 shareholders with a vast number of them holding just 20 shares (0.003%).

 

[Medway Blue]

Broadly speaking, just a little under 70,000.

South Eastern Leisure (Ron Martin) hold over 70% with approx 479,000.

There are only 5 other shareholders with over 2% holdings (in decreasing order):

David Markscheffel (director)
Peter Butler
John Bridge (ex director)
John Bath
Ian Bridge

Frank Van Wezel, although a director for 20 years (and some previously) holds less shares than both you and I.

There are close to 1500 shareholders with a vast number of them holding just 20 shares (0.003%).

One for the Trust to help get enough shareholders together to force one?

 

[Mick]

One for the Trust to help get enough shareholders together to force one?

I think you're missing my point. Unless several of those 5 are involved, you'd need about half of the remaining 1500 shareholders, which given they include the likes of Trevor Bailey, will simply not be an option.

 

[Mad Cyril]

Broadly speaking, just a little under 70,000.

South Eastern Leisure (Ron Martin) hold over 70% with approx 479,000.

There are only 5 other shareholders with over 2% holdings (in decreasing order):

David Markscheffel (director)
Peter Butler
John Bridge (ex director)
John Bath
Ian Bridge

Frank Van Wezel, although a director for 20 years (and some previously) holds less shares than both you and I.

There are close to 1500 shareholders with a vast number of them holding just 20 shares (0.003%).

So you are saying I need to rethink my pension portfolio?

 

[SUBBlue]

Broadly speaking, just a little under 70,000.

South Eastern Leisure (Ron Martin) hold over 70% with approx 479,000.

There are only 5 other shareholders with over 2% holdings (in decreasing order):

David Markscheffel (director)
Peter Butler
John Bridge (ex director)
John Bath
Ian Bridge

Frank Van Wezel, although a director for 20 years (and some previously) holds less shares than both you and I.

There are close to 1500 shareholders with a vast number of them holding just 20 shares (0.003%).

Stupid question, that’s not THE Peter Butler I assume??

 

[stewart]

Frank Van Wezel - Born and Raised in Netherlands. Wonder if he helped to grease the wheels of the Dutch Consortium takeover bid with Henrik Larsson??

Henrik Laddson is Swedish not Dutch.

 

[Westcliff DGS]

This is something that @GBJ, myself and others heard late last year.I believe it to be true, although nobody will ever admit it (legal/commercial sensitivity?). I believe a deal came close in October, and lots of things add up.

-- FVW sold Hi-Tec for tens of millions a few years back and still owns companies with high turnovers, so has funds.
-- His bid was, I think, as part of a consortium which brought onboard some or all of the Dutch folk involved in the bid for Wycombe several months beforehand.
-- One of the Dutch folk involved in the Wycombe bid was Dirk Kuyt, a very close personal friend of the Van Wezels.
-- Another person supposedly involved in the Wycombe bid was Henrik Larsson, who is now Assistant Manager to Ronald Koeman - another Dutchman who was also supposedly involved in the Wycombe bid. RM conducted a very odd and drawn-out chase for Larsson as manager. Was he the Dutch consortium's preference for manager?
-- Several million £s worth of SUFC debt was suddenly and inexplicably written off around the same time. This is all documented on Companies House. I believe this was an attempt by RM to 'clean up the books' somewhat and make things a bit more appealing for the consortium to push things through.

I can imagine RM dismissing most approaches to buy the club because the club has no assets and is ultimately worthless to outsiders, so the money involved in such bids will be minimal. However in Ron's eyes the club is much more valuable because of the amount of his own money that he has put into it. I can only assume that the reason things got close to happening in October is because the interested party agreed to pay RM a large proportion of the money that he has loaned to the club - although not all of the money, hence why he officially wrote off some of the debt back in October.

Ultimately I think the interested party decided that they couldn't pay that kind of money until planning permission had been granted for Fossett's to give the club a sounder financial footing. But I think the van Wezels remain very interested.
.

Thought he still owned hi-etc. He listed them publicly then bought it back I thought,could have sold since I guess

 

[Westcliff DGS]

Henrik Laddson is Swedish not Dutch.

Henrik Larsson is also Swedish ?

 

[Medway Blue]

Thought he still owned hi-etc. He listed them publicly then bought it back I thought,could have sold since I guess

Listed publically in the early 2000s I think but sold to Cherokee in 2016 for about £80m.