Irate Ian
Members
- Joined
- Dec 1, 2004
- Messages
- 2,070
FAO: Shrimperzone Forum Members
I am "poking around" as you put it is for various reasons, but principally that RM has declined to disclose following my prior requests across the club official site circa 3 weeks ago, information which I feel should be in the public domain and is of concern to me as a life supporter of the club.
My poking around is well intended, but I would stress that I have concern only for SUFC & SUFC only - as opposed to any Property Development Company. I nail my colours to the mast, in avoidance as to any doubt as to my interests.
On the working assumption and earnest hope that permission may be forthcoming, If Ron can provide answers, I and like minded supporters would appreciate his disclosure, of the following:-
1. Who [names of all consortia members] or what corporation [and names of their shareholders] are the beneficial owners of the land on which the Fossetts development is proposed.
2. In consideration for the release of restrictive covenant of use of land at Roots Hall now or previously, what if any long term security of tenure are SUFC to be granted at the proposed new stadia and by what vehicle or deed.
3. What terms of lease and anticipated rent is to be payable [and to whom] by SUFC at Fossetts. Also what termly rent reviews are proposed.
3a Does Ron feel that because of his possible need to maximise profits from the development, that he has any possible conflict of interest with the needs of SUFC to remain solvent during its use and occupation of the stadium.
3b If the immediate landlord sells the freehold, will any provision for SUFC being protrected against eviction be envisaged.
3c In the event of SUFC Ltd entering any form of Insolvency, will the football team trading under the name of Southend United be given first refusal to continue use and occupation under identical terms as SUFC Ltd under the proposed Lease or Trust Deed so that perpetual occupation by any re-incarnation of Southend United only be first assured ?
4. Who will be [a] the immediate and the residual landlord.
5. Will there be a right of forfeiture of lease for faliure to pay rent on a timely basis or other covenants.
6. Will SUFC have sole use of the stadium and capability to derive benefit of income from other permitted uses.
7. What other uses are envisaged.
8. Does RM envisage SUFC being capable of meeting payment of rent based upon the projected operating costs of SUFC at the new stadium.
9. What are the projected financials viz can the club sustain to trade with the overheads that are anticipated.
9a Do the financials assume higher level of average gate, if so what average number?
9b How was this number estimated and what if any market research may have been undertaken and will this be published, if so, when.
9c Has Ron considered raising capital by SUFC from its supporters by other than purchase of shares; for the advance purchase of season cards for [a] more than one year life [c] perpetual [in form of some type of foundation debenture purchase as with the Royal Albert Hall]
10 What liabilites are presently subsisting to the owners of Roots Hall by SUFC in respect of [a] rent service charges or other liability.
11 What is to be done concerning these liabilities if the development proceeds.
12 What if any pre-conditions are anticipated for advance purchase of season cards for above 1 year.
13 Will any purchase include all/or any events taking place at the stadium.
14 If not, will season card holders be afforded first refusal on other than football events in "their" seats.
15 What other information can Ron disclose to supporters that will serve to enable a greater understanding of the proposed legacy he anticipates bestowing upon SUFC in return for the club being the vehicle by which his or other development companies can ultimately re-develop the site of Roots Hall.
If any Shrimperzone members have any additional questions, would they contact John and please publish.
Await with interest Rons thoughts and comments.
Southend Utd 1st and last.
I am "poking around" as you put it is for various reasons, but principally that RM has declined to disclose following my prior requests across the club official site circa 3 weeks ago, information which I feel should be in the public domain and is of concern to me as a life supporter of the club.
My poking around is well intended, but I would stress that I have concern only for SUFC & SUFC only - as opposed to any Property Development Company. I nail my colours to the mast, in avoidance as to any doubt as to my interests.
On the working assumption and earnest hope that permission may be forthcoming, If Ron can provide answers, I and like minded supporters would appreciate his disclosure, of the following:-
1. Who [names of all consortia members] or what corporation [and names of their shareholders] are the beneficial owners of the land on which the Fossetts development is proposed.
2. In consideration for the release of restrictive covenant of use of land at Roots Hall now or previously, what if any long term security of tenure are SUFC to be granted at the proposed new stadia and by what vehicle or deed.
3. What terms of lease and anticipated rent is to be payable [and to whom] by SUFC at Fossetts. Also what termly rent reviews are proposed.
3a Does Ron feel that because of his possible need to maximise profits from the development, that he has any possible conflict of interest with the needs of SUFC to remain solvent during its use and occupation of the stadium.
3b If the immediate landlord sells the freehold, will any provision for SUFC being protrected against eviction be envisaged.
3c In the event of SUFC Ltd entering any form of Insolvency, will the football team trading under the name of Southend United be given first refusal to continue use and occupation under identical terms as SUFC Ltd under the proposed Lease or Trust Deed so that perpetual occupation by any re-incarnation of Southend United only be first assured ?
4. Who will be [a] the immediate and the residual landlord.
5. Will there be a right of forfeiture of lease for faliure to pay rent on a timely basis or other covenants.
6. Will SUFC have sole use of the stadium and capability to derive benefit of income from other permitted uses.
7. What other uses are envisaged.
8. Does RM envisage SUFC being capable of meeting payment of rent based upon the projected operating costs of SUFC at the new stadium.
9. What are the projected financials viz can the club sustain to trade with the overheads that are anticipated.
9a Do the financials assume higher level of average gate, if so what average number?
9b How was this number estimated and what if any market research may have been undertaken and will this be published, if so, when.
9c Has Ron considered raising capital by SUFC from its supporters by other than purchase of shares; for the advance purchase of season cards for [a] more than one year life [c] perpetual [in form of some type of foundation debenture purchase as with the Royal Albert Hall]
10 What liabilites are presently subsisting to the owners of Roots Hall by SUFC in respect of [a] rent service charges or other liability.
11 What is to be done concerning these liabilities if the development proceeds.
12 What if any pre-conditions are anticipated for advance purchase of season cards for above 1 year.
13 Will any purchase include all/or any events taking place at the stadium.
14 If not, will season card holders be afforded first refusal on other than football events in "their" seats.
15 What other information can Ron disclose to supporters that will serve to enable a greater understanding of the proposed legacy he anticipates bestowing upon SUFC in return for the club being the vehicle by which his or other development companies can ultimately re-develop the site of Roots Hall.
If any Shrimperzone members have any additional questions, would they contact John and please publish.
Await with interest Rons thoughts and comments.
Southend Utd 1st and last.
