-
Welcome to the ShrimperZone forums.
You are currently viewing our boards as a guest which only gives you limited access.
Existing Users:.
Please log-in using your existing username and password. If you have any problems, please see below.
New Users:
Join our free community now and gain access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features. Registration is fast, simple and free. Click here to join.
Fans from other clubs
We welcome and appreciate supporters from other clubs who wish to engage in sensible discussion. Please feel free to join as above but understand that this is a moderated site and those who cannot play nicely will be quickly removed.
Assistance Required
For help with the registration process or accessing your account, please send a note using the Contact us link in the footer, please include your account name. We can then provide you with a new password and verification to get you on the site.
Napster
No ⭐
Jamie Ritblat is chairman and chief executive of Delancey Estates. Jamie is son of Sir John Ritblat, educated at Dulwich College, the Honorary President and formerly Chairman and CEO of The British Land Company PLC, an FTSE100London-based property company, Sir John is rich, very rich.
Birri
Manager
I have had dealings with both from work and Sir john is a really nice bloke. His son on the other hand is a complete **** a really nasty piece of work !
Irate Ian
Members
- Joined
- Dec 1, 2004
- Messages
- 2,070
Ritblat & George Soros
OK now does anyone know connection of George Soros [Black Wednesday fame] with the Ritblats ? and is anyone aware of Soros having at any time connections with the town of Southend.
Soros emmigrated from Poland to England in I think 1952 and first worked in a restaurant. I have the name of the restaurant at my office on my file.
Beneficial ownership of the Delancey group takes some unaravelling but I am beginning to draw up a flow chart.
Offshore companies likely and will need searches in the countries, but I have connections with international search agents that will enable this to be done at reasonable cost.
Before embarking, does anyone really know who the root owners of Delancey are?
OK now does anyone know connection of George Soros [Black Wednesday fame] with the Ritblats ? and is anyone aware of Soros having at any time connections with the town of Southend.
Soros emmigrated from Poland to England in I think 1952 and first worked in a restaurant. I have the name of the restaurant at my office on my file.
Beneficial ownership of the Delancey group takes some unaravelling but I am beginning to draw up a flow chart.
Offshore companies likely and will need searches in the countries, but I have connections with international search agents that will enable this to be done at reasonable cost.
Before embarking, does anyone really know who the root owners of Delancey are?
Irate Ian
Members
- Joined
- Dec 1, 2004
- Messages
- 2,070
Please contact/email me direct [off group] : info@accountcollection.com, when you get a free moment.
Thanks
Napster
No ⭐
Ian, Soros and Ritblat are heavily linked.
This is from 2001
Legendary investor George Soros has agreed to a £264m management buyout of James Ritblat's Delancey Estates. Soros and his funds own 46% of Delancey, whose shares have often traded at a discount of 30% to net asset value.
OTHER STORIESLenders call end to super-size mortgages
No quick rate cut to bail out house prices
Market report: Wednesday latest
Alliance & Leicester profits tumble 29%
British Gas profits up 570% as prices soar
FTSE LATEST5905.60-61.30
A 60-SECOND FINANCIAL FIX The road to riches is easy with This is Money. Forget the rest and read our 8-point solution to it all... Perfect finances
TOP STORIES This is Money attracted 1m readers in January. House price fears led the agenda: Top stories
WIN A TRIP TO NEW YORK This is Money and The Accidental Husband are offering a dream trip to New York
>> Competition
Soros is one of the holders of 58% of Delancey who have accepted a 117p per share cash bid from a new vehicle, Tribeca UK. The price compares with an estimated realisable value of 123.6p a share for Delancey's assets. Tribeca plans to sell the entire Delancey portfolio in three to five years, but may invest in separate joint ventures.
Like many other developers, James Ritblat has for long been frustrated by the share price's discount to assets. British Land, run by his father John Ritblat, trades at a discount of over 30%.
This is from 2001
Legendary investor George Soros has agreed to a £264m management buyout of James Ritblat's Delancey Estates. Soros and his funds own 46% of Delancey, whose shares have often traded at a discount of 30% to net asset value.
OTHER STORIESLenders call end to super-size mortgages
No quick rate cut to bail out house prices
Market report: Wednesday latest
Alliance & Leicester profits tumble 29%
British Gas profits up 570% as prices soar
FTSE LATEST5905.60-61.30
A 60-SECOND FINANCIAL FIX The road to riches is easy with This is Money. Forget the rest and read our 8-point solution to it all... Perfect finances
TOP STORIES This is Money attracted 1m readers in January. House price fears led the agenda: Top stories
WIN A TRIP TO NEW YORK This is Money and The Accidental Husband are offering a dream trip to New York
>> Competition
Soros is one of the holders of 58% of Delancey who have accepted a 117p per share cash bid from a new vehicle, Tribeca UK. The price compares with an estimated realisable value of 123.6p a share for Delancey's assets. Tribeca plans to sell the entire Delancey portfolio in three to five years, but may invest in separate joint ventures.
Like many other developers, James Ritblat has for long been frustrated by the share price's discount to assets. British Land, run by his father John Ritblat, trades at a discount of over 30%.
Napster
No ⭐
you also might want to look at Mapeley Estates, who are also indirectly linked to Delancey.
Napster
No ⭐
This is from 2003
George Soros is one of the main investors in medium term opportunity fund
By James Whitmore
Jamie Ritblat's Delancey has set up a £1.5bn opportunity property fund with backing from billionaire financier George Soros.
The company, which has become a fund manager, is understood to have raised an initial £300m of equity from a handful of investors, including Soros, whose Morston Nominees vehicle is the largest shareholder – with 79% – in Delancey's old Tribeca fund.
Debt is likely to be provided by Delancey's existing lenders, including Royal Bank of Scotland.
The fund will be Delancey's main investment vehicle for some years. It is thought to have a seven-to-10-year life and a flexible exit strategy. It will aim to achieve returns of 15-20%, a more realistic target than the 25% level opportunity funds promised in the 1990s.
Delancey is not the only entrepreneurial property investor to be launching an opportunity fund.
Gerald Ronson's Heron International this week announced that it had teamed up with Axa Sun Life to set up a £250m fund called HerAx.
Once a track record has been established, Heron and Axa want to attract other institutions to invest in the fund and expand its size to £1bn over the next three years.
The Delancey fund will invest in every sector but only in the UK and Ireland, not further afield. Ritblat was not available to comment, but investors who know him said he would not be 'buying the market' but would look 'to find value'.
It is thought that the fund's first acquisition will be a £30m retail investment. It is understood to have also looked at several central London office buildings, including Lovells' headquarters in Holborn Viaduct, 85 Gracechurch Street, EC3, and 10 Lower Thames Street, EC3.
In the early summer, Delancey was linked with a bid for department store group Selfridges, which was eventually scooped up by Canadian billionaire Galen Weston. It is thought the bid would have been by the new fund.
Although an investor and developer when it was in the quoted sector, Delancey became a fund manager when it went private through a management buyout in July 2001. Its assets were put into a fund, Tribeca, managed by Ritblat and his management team Paul Goswell, Tim Haden-Scott, Richard Wise and Colin Wagman.
Since the beginning of 2000 Delancey has sold £800m of properties, leaving around £300m of assets in the Tribeca fund.
These include London office buildings, such as 40 and 41/42 Portman Square in the West End, Quay House in Docklands and Rolls House, Arnold House and Breams Buildings in Midtown, as well as retail and leisure assets such as Millennium Plaza in Cardiff and the Glasshouse in Glasgow.
But Delancey has never been a conventional investor. It also has stakes in outsourcing specialist Mapeley, Tops Estates, Colliers CRE's parent company Fitzhardinge and has a joint venture with car park owner Britannia Parking.
George Soros is one of the main investors in medium term opportunity fund
By James Whitmore
Jamie Ritblat's Delancey has set up a £1.5bn opportunity property fund with backing from billionaire financier George Soros.
The company, which has become a fund manager, is understood to have raised an initial £300m of equity from a handful of investors, including Soros, whose Morston Nominees vehicle is the largest shareholder – with 79% – in Delancey's old Tribeca fund.
Debt is likely to be provided by Delancey's existing lenders, including Royal Bank of Scotland.
The fund will be Delancey's main investment vehicle for some years. It is thought to have a seven-to-10-year life and a flexible exit strategy. It will aim to achieve returns of 15-20%, a more realistic target than the 25% level opportunity funds promised in the 1990s.
Delancey is not the only entrepreneurial property investor to be launching an opportunity fund.
Gerald Ronson's Heron International this week announced that it had teamed up with Axa Sun Life to set up a £250m fund called HerAx.
Once a track record has been established, Heron and Axa want to attract other institutions to invest in the fund and expand its size to £1bn over the next three years.
The Delancey fund will invest in every sector but only in the UK and Ireland, not further afield. Ritblat was not available to comment, but investors who know him said he would not be 'buying the market' but would look 'to find value'.
It is thought that the fund's first acquisition will be a £30m retail investment. It is understood to have also looked at several central London office buildings, including Lovells' headquarters in Holborn Viaduct, 85 Gracechurch Street, EC3, and 10 Lower Thames Street, EC3.
In the early summer, Delancey was linked with a bid for department store group Selfridges, which was eventually scooped up by Canadian billionaire Galen Weston. It is thought the bid would have been by the new fund.
Although an investor and developer when it was in the quoted sector, Delancey became a fund manager when it went private through a management buyout in July 2001. Its assets were put into a fund, Tribeca, managed by Ritblat and his management team Paul Goswell, Tim Haden-Scott, Richard Wise and Colin Wagman.
Since the beginning of 2000 Delancey has sold £800m of properties, leaving around £300m of assets in the Tribeca fund.
These include London office buildings, such as 40 and 41/42 Portman Square in the West End, Quay House in Docklands and Rolls House, Arnold House and Breams Buildings in Midtown, as well as retail and leisure assets such as Millennium Plaza in Cardiff and the Glasshouse in Glasgow.
But Delancey has never been a conventional investor. It also has stakes in outsourcing specialist Mapeley, Tops Estates, Colliers CRE's parent company Fitzhardinge and has a joint venture with car park owner Britannia Parking.
Interpol Shrimper
Member
But if Ron has now bought out Delancey's share, why is there still an issue relating to SUFC? Care to explain a bit of further background?
fatshrimp
Manager
- Joined
- Apr 2, 2007
- Messages
- 1,456
Aside from idle curiousity about Southend United and those investors involved, what's the purpose of this?
Seems like a lot of effort to unearth what will probably be offshore investment vehicles. Unless other motives are afoot.
Should I cancel my share subscription cheque?
Birri
Manager
Birri
Manager
From Rons email
"Many of you will have received the recent Share Offer Document which closes in a few days.
The application for numbers of shares has varied considerably. Many supporters have applied for the minimum (20 shares) requiring a payment of £60 now with the balance of £60 payable by 31st March. However we have also had applications for £10,000 and £20,000 worth of shares which we expect to accommodate."
When I read that it made me wonder if Jamie will be looking to get some possibly to try to shaft us somehow, as he tried when he bought a piece of land at fossetts that held everything up for ages because he wanted delancy to pay a stupid price for it.
"Many of you will have received the recent Share Offer Document which closes in a few days.
The application for numbers of shares has varied considerably. Many supporters have applied for the minimum (20 shares) requiring a payment of £60 now with the balance of £60 payable by 31st March. However we have also had applications for £10,000 and £20,000 worth of shares which we expect to accommodate."
When I read that it made me wonder if Jamie will be looking to get some possibly to try to shaft us somehow, as he tried when he bought a piece of land at fossetts that held everything up for ages because he wanted delancy to pay a stupid price for it.
Irate Ian
Members
- Joined
- Dec 1, 2004
- Messages
- 2,070
Who is to be Lord & Master of Fossetts Farm ?
SUFC first and last.
SUFC is the prime concern to all supporters.
SUFC having long term ability to have a ground at which to play football is
the crux of the curreent questions. No hidden agendas here.
Any property development company will make substantial profit off the back of SUFC relocation, and in consideration of that, perhaps SUFC should be guaranteed a right of tenure at the new stadium in perpetuity at an attractively concessioned/affordable rent.
Mr Martin is abundantly aware that SUFC have been unable to pay a commercial rent at Roots Hall and his write-off of substantial arrears in the recent past is most commendable.
Benevolence may not be an option in the future once the profits have been taken from the development of The Hall.
The concern: Who really will be their ultimate landlord [the beneficial owner of the ground on which the new stadium may be built].
Thus far we have been fishing for information and Napster certainly is better informed than most. Thanks to him for his trouble.
There is a third name/link which has been suggested to me. I will after further research consider to place this across this forum in the next few days/week.
I can't say that I have come across many businessmen who have had their home and business premises raided by the police, without just cause, and with respect to Mr Martin, for the sake of good order, it:-
1. Would be refreshing for him to consider consultation with grass roots supporters, the fine details of his plans to enable the tenure of SUFC to be guaranteed long term.
2. To state who the ultimate and residual landlords will be [and the individual who may have the controlling shareholding influence of any corporation]
3 Would be more acceptable for individual investors to make a donation to club funds when full details of his schemes and benefits packages are also disclosed.
Speculation cannot be productive.
Mr Martin has the ability to end speculation and set the record straight.
The silence to date is deafening and of concern.
Ian Walker [/COLOR]
SUFC first and last.
SUFC is the prime concern to all supporters.
SUFC having long term ability to have a ground at which to play football is
the crux of the curreent questions. No hidden agendas here.
Any property development company will make substantial profit off the back of SUFC relocation, and in consideration of that, perhaps SUFC should be guaranteed a right of tenure at the new stadium in perpetuity at an attractively concessioned/affordable rent.
Mr Martin is abundantly aware that SUFC have been unable to pay a commercial rent at Roots Hall and his write-off of substantial arrears in the recent past is most commendable.
Benevolence may not be an option in the future once the profits have been taken from the development of The Hall.
The concern: Who really will be their ultimate landlord [the beneficial owner of the ground on which the new stadium may be built].
Thus far we have been fishing for information and Napster certainly is better informed than most. Thanks to him for his trouble.
There is a third name/link which has been suggested to me. I will after further research consider to place this across this forum in the next few days/week.
I can't say that I have come across many businessmen who have had their home and business premises raided by the police, without just cause, and with respect to Mr Martin, for the sake of good order, it:-
1. Would be refreshing for him to consider consultation with grass roots supporters, the fine details of his plans to enable the tenure of SUFC to be guaranteed long term.
2. To state who the ultimate and residual landlords will be [and the individual who may have the controlling shareholding influence of any corporation]
3 Would be more acceptable for individual investors to make a donation to club funds when full details of his schemes and benefits packages are also disclosed.
Speculation cannot be productive.
Mr Martin has the ability to end speculation and set the record straight.
The silence to date is deafening and of concern.
Ian Walker [/COLOR]
fredheim_holm
Where art thou Tes
So, from what I read, and from an uneducated man on this matter, it's not too easy to digest:
Is that Fossetts Farm may not be owned by SUFC or Ron Martin, what implications would that have if true?
That one of the Ritblats may be trying to buy a large % of Southend, surely if true (big if) Ron would only allow this if he knew it wasnt a danger.
Is that Fossetts Farm may not be owned by SUFC or Ron Martin, what implications would that have if true?
That one of the Ritblats may be trying to buy a large % of Southend, surely if true (big if) Ron would only allow this if he knew it wasnt a danger.
ShrimperZone Sponsors
ShrimperZone - Player Sponsorship
Southend United Away Travel
All At Sea Fanzine
