Pak66
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SUFC: The Future SUFC up for sale
- Thread starter Maidstone Shrimper
- Start date
- Status
He didn't actually say that though..
Chairman Ron Martin, along with the Board of Directors, announced that Southend United Football Club Ltd (“Southend United”) is commencing a formal process to explore the sale of the Club or bringing on board new investment partners.
MR G
First XI⭐
Yes
sufcfed
Youth Team
He's hinted at a hell of a lot in the past too.
annie1954
Newbie⭐🦐
That’s true can’t they sort it in 15 minutes lol brace yourself for plenty of stupid comments on here over the next few days
Somerset Ex-TTB
Members
Never going to score 2 these daysDo love this forumnever happy with anything. Could win the champions league and people would moan we didn’t keep a clean sheet
kentblues
Director⭐
No youre quite right.
Ron all is forgiven please stay. No-one could possibly want to buy the club we were wrong..how could we ever have believed there could be anyone else..
Holy Joe
Manager⭐⭐🦐
He knows if he wants a new owner he will have to write off some of the debt. How much and if it makes an attractive proposition to a buyer we don't knos
sufcfed
Youth Team
Totally agree, amazing some people think he's selling the club already. Bluff in my honest opinion, but hell I hope I am proved wrong!
bazzashrimper
Director
So my issue is with the “I need to recoup my money”. Does building 1300 flats not help in anyway towards that?
Buying a football club is not a profitable business. Everyone knows that owners tend to lose money. They don’t go on about it as it’s part of the deal.
He bought the club to make money. That’s clear. He wanted to make money from a property deal. And that he looks like making lots of money from.
The club currently has one asset. That it brings planning permission more likely than not having a club. If he strips that, charges rent on a stadium and sells the club then what has he done for us?
He kept us going for years when maybe others could.
He stripped the asset of the stadium
He stripped the asset of being able to be a pawn in a property deal.
Let’s see what he will do when the offers come in, but if it’s the above then it’s not what he promised he would do and for me would make him an even bigger …. than I thought
TJC
Muppet⭐🦐
Yep
kentblues
Director⭐
And so for those at the back as we were told previously he will sell the club and lease the stadium but if someone with deep enough packets wanted both that was on the table. This should keep many happy given how many rich buyers we expect to be lining up.
bazzashrimper
Director
If that’s the case then I take back my prior statement !
tommy tucker
Manager
We need new owners but that takes time I beleve Ron has finaly worked out the nobody likes him we all want him gone That i guess includes the management team But they cant say that .But the sooner he goes the better .
GDM
2018 World Cup Prediction League Winner
But the interests will be aligned - they won't want it going bust as then it defeats its purpose. They will need to invest a lot of dirty money into it and take less clean money out. Sounds like a win win all round...
TheSouthendUnitedRunner
The poster formerly known as BoyWonder2 ⭐🦐
I don’t understand some people.
The Club is now up for sale, as I read it, just the Club. The stadium etc could be at a later date, probably once it’s done and dusted so RM gets two lump sums. A smaller one for selling the Club now, and a large one down the line when the stadium is sold.
One of the things people were demanding was that RM outlined some sort of exit strategy. Isn’t that exactly what this is?
The debate about whether people would actually buy the Club can now be answered. The people that claimed they don’t know if anyone wants to buy their house until it’s put up for sale comes into effect here. There is a big For Sale sign outside Southend United. Yes, there is a financial web with all the relevant companies that own what, but this is the clearest indication in 25 years that RM wants out, so that can only be positive.
I’m expecting a post from Stan. That’s not ITK, just a guess now things are in the open. Those arguing that Stan should join us on the picket line as it’s better than working from within (a bit like those knocking the trust for something similar) will now come back with their tails between their legs in an ideal world, but of course they won’t.
This is really encouraging news. We’d have loved a new owner today, but that wasn’t realistic. I’d heard whispering since before Christmas that RM was looking for a way out. Personally, I see this as win win.
We’d all have loved shot of RM, but his golden egg is FF. He won’t be fully out of the picture until that is built, or almost there.
The Club is now up for sale, as I read it, just the Club. The stadium etc could be at a later date, probably once it’s done and dusted so RM gets two lump sums. A smaller one for selling the Club now, and a large one down the line when the stadium is sold.
One of the things people were demanding was that RM outlined some sort of exit strategy. Isn’t that exactly what this is?
The debate about whether people would actually buy the Club can now be answered. The people that claimed they don’t know if anyone wants to buy their house until it’s put up for sale comes into effect here. There is a big For Sale sign outside Southend United. Yes, there is a financial web with all the relevant companies that own what, but this is the clearest indication in 25 years that RM wants out, so that can only be positive.
I’m expecting a post from Stan. That’s not ITK, just a guess now things are in the open. Those arguing that Stan should join us on the picket line as it’s better than working from within (a bit like those knocking the trust for something similar) will now come back with their tails between their legs in an ideal world, but of course they won’t.
This is really encouraging news. We’d have loved a new owner today, but that wasn’t realistic. I’d heard whispering since before Christmas that RM was looking for a way out. Personally, I see this as win win.
We’d all have loved shot of RM, but his golden egg is FF. He won’t be fully out of the picture until that is built, or almost there.
tommy tucker
Manager
I guess new people would only come in provided he goes from the club.
southendkid
Director⭐
As someone already said, you've got the wrong company. Ron is using General Sports Worldwide (GSW), the company you've linked to is called GSE.
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