
Consortium reveal three things that must happen for them to buy Blues
AN update from the consortium trying to buy Southend United.
We can merge this in with another thread at a later date, but there will I'm sure be many comments about this specific statement
This is the important bit:
For COSU to continue funding the Club and complete the takeover, including reaching payment agreements with the creditors on the winding up petition, we have communicated to the Council and the Martins that we require the following three things:
1. A revised set of terms for the property contract that all parties are committed to closing.
2. An updated scope and realistic timeline for the remaining council DD work.
3. An agreement with the Martins to provide security for the further funds COSU will need to inject prior to the takeover.
We see no reason why these criteria cannot be met next week if all parties act reasonably and with focus.
If we reach an agreement, COSU will work with creditors and the league to lift the embargo and release season tickets.
While the situation is outside of our control, COSU wants to assure Southend fans that we are doing as much as possible to prepare for the new season in parallel so that if the deal does complete, we will hit the ground running.