SUFC: The Future SUFC up for sale

[Phippsy]

This will now drag out for another 25 years

 

[amsemp]

Need clarification of the ownership arrangement of Fossetts. Clean break needed. SUFC should be owning that ground and the club and stadium should be a package!

 

[Medway Blue]

 

[Fitz]

Finally....guessed with all the radio silence this was on the cards. Lets hope for a quick sale.

However is he selling on a debt free basis...if not surely it can only be sold for a pound with the new owner (s) taking on the debt.

Also is he selling all the land or just the football club and will still remain the landlord?

 

[Callum]

New owners please ron I’ll show you the door

 

[Holy Joe]

It's a step - but if SEL is no longer controlled by MD - who is in control of the club right now?

 

[in the know]

I keep reading it over and over. Trying to see if it's just the football club up for sale while he retains the building project?
Or is it the whole lot?

 

[Supa Shrimpa]

he wants to undertake due dillegence on any owner ? Jeez...he should have kicked himself out years ago, then #thecheekofit

 

[Maidstone Shrimper]

And in the meantime we will doubtless have to carry on with no money

 

[fredheim_holm]

Superb news. I’ve always thought there must be someone out there who would want to buy the club, and with the training ground and stadium at the stage they’re at, plus the interest in the NL and glory of Wrexham showcasing the potential, let’s hope we can find a steady hand with deep enough pockets to take the reigns.

Going public on this makes a lot of sense vs negotiating in secret, hopefully we’ll have someone ITK who can keep us abreast.

 

[hlane17]

I keep reading it over and over. Trying to see if it's just the football club up for sale while he retains the building project?
Or is it the whole lot?

It looks like it's the football club only.

 

[in the know]

It's a step - but if SEL is no longer controlled by MD - who is in control of the club right now?

I hope Tom even if just for now

 

[hlane17]

If there's one positive to be had, look at Scunthorpe. The sale of their club progressed quite quickly once the owner was open to sale.

 

[Holy Joe]

I hope not too many journo's dropped what they were doing and travelled long distances for that

 

[thenobster]

Selling.. but he will still be in control? I'm sure he'll be on the board somehow.. has to be because of FF

 

[Supa Shrimpa]

It looks like it's the football club only.

That's worth -£16m (as at 2019), though !

 

[Holy Joe]

I hope Tom even if just for now

I meant from a shareholding perspective - Tom is still CEO for now.

 

[GDM]

Let hope someone asks the question, what does selling the football club actually means as its only asset is players contracts but has debts of 24M.
I guarantee no one on earth buys that!!!!

 

[leeblue]

I imagine he'll look to sell a big project with planning permission granted type of deal. Get his money back plus a little on top.

 

[WhiteNoise]

not sure how this is good news really, we knew that Ron was near rock bottom, but now he's admitted it, and he's admitting it to all the other creditors and third parties that he's indebted to/connected to. At least he is admitting it and hopefully there will be interest, but there isn't going to be a long queue of people looking to pump significant funds into a NL club on life support.