Supa Shrimpa
Director⭐
By doing what the old Rangers chairman did and borrowing against future season ticket sales.
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borrow against a handful of non league fans ? might raise enough for a round of teas and coffees at half time !
By doing what the old Rangers chairman did and borrowing against future season ticket sales.
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Am I right in thinking that Ron isn't paying for the stadium build?
Im not sure why he should get it. Especially if he isn't paying for it and is making millions from the property side.
I thought British land were paying for the 3 sided ground.
I would love for Ron to make his money and allow the fans to run the club and take ownership of the 3 sided ground.
I thought British land were paying for the 3 sided ground.
I would love for Ron to make his money and allow the fans to run the club and take ownership of the 3 sided ground.
Harry Redknapp has gone on record saying he fancies buying a little non Lge club to have some fun with ??
Harry Redknapp has gone on record saying he fancies buying a little non Lge club to have some fun with ??
But as soon as we start borrowing against the stadium or land we risk loosing it all again!. I can't see us retaining a stadium and land of our own unless the land is put into some kind of trust so it's not exposed to the clubs trading losses.If someone or an entity could buy the club and the stadium together then there might be a chance of making things work financially. Without the stadium/ land how could the football club even borrow money?
But as soon as we start borrowing against the stadium or land we risk loosing it all again!. I can't see us retaining a stadium and land of our own unless the land is put into some kind of trust so it's not exposed to the clubs trading losses.
I'm definitely no expert in such things, but isn't part of the financial attraction of owning a football club at this level the fact it can be run as a loss making but operable venture far more easily than most 'normal' companies. So that its losses can be offset against other company gains within a business persons multi company portfolio. IE, when RM moves his money around with loans and charge backs to the club and between his different companies.I very much doubt it, as it's loss making. The only part that is attractive is the potential for development, and that seems to be firmly in RM's portfolio.
I'm definitely no expert in such things, but isn't part of the financial attraction of owning a football club at this level the fact it can be run as a loss making but operable venture far more easily than most 'normal' companies. So that its losses can be offset against other company gains within a business persons multi company portfolio. IE, when RM moves his money around with loans and charge backs to the club and between his different companies.
No it doesn't, youre unfortunately very right. Probably it just makes it worse.... if ever new owners are looking to take a club. Maybe they see it as a 'legal' way of laundering losses. Only a true fan/owner properly has the clubs future at heartProbably, yes. But that doesn't help SUFC.
I'm definitely no expert in such things, but isn't part of the financial attraction of owning a football club at this level the fact it can be run as a loss making but operable venture far more easily than most 'normal' companies. So that its losses can be offset against other company gains within a business persons multi company portfolio. IE, when RM moves his money around with loans and charge backs to the club and between his different companies.
No it doesn't, youre unfortunately very right. Probably it just makes it worse.... if ever new owners are looking to take a club. Maybe they see it as a 'legal' way of laundering losses. Only a true fan/owner properly has the clubs future at heart
I'm definitely no expert in such things, but isn't part of the financial attraction of owning a football club at this level the fact it can be run as a loss making but operable venture far more easily than most 'normal' companies. So that its loses can be offset against other company gains within a business persons multi company portfolio. IE, when RM moves his money around with loans and charge backs to the club and between his different companies.
British Land are no longer involved. Once Southend council rushed through a cinema on their own Seaway site there was never going to be retail at FF. A cinema is the goose that lays the golden eggs in retail world. Our council read all the privately funded reports on trade effect etc and said thanks we will steal your idea for our mate who we sold the land to for £1.
The reason Ron is still here is your council. Its obvious he would love to have been long gone.
Southend has more London PL team fans than SUFC. Plus 90% of Southend fans are more than happy to blame Ron whilst Sainsburys and your own Council have enjoyed making mugs of us all.
Yes, how dare sainsburys not want to help out a little football club and change their business model.
As for the council. SBC have been woeful for years. Way before SUFC sought to move.
You only have to look at the mess they have made of the town by allowing old to be replaced by high-rise abominations.
Ron Martin claims to be a property developer. Does he develop any property?
He is a club owner lock stock and barrel. He has made it that way by being far too stubborn to work alongside external investors or consider selling.
He has always had his eye on the end goal of making millions from day one. I don't necessarily have a problem with that, but roots hall has been left to rack and ruin, whilst the bills, playing staff and league status has suffered.
He is a chairman of a professional football club with a healthy support. He has a responsibility to do what's best for the clubs current and future status. On that matter, he has grossly failed.
Well the role of a property developer a lot of the time doesn't actually involve building the property. I'm led to believe our Ron does a lot of what we call in the trade land banking. Buy a piece of land, obtain planning permission then sell it on to a builder or developer for a tidy profit who will in turn complete the build. Depending on the plot size this can be very profitable.