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Dear Chairman (Southend United)

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  • Raith_C_Chattonell
    Raith_C_Chattonell Posts: 5,672
    From today's Mirror.


  • Swindon_Addick
    Swindon_Addick Posts: 1,620
    Possibly some hope for Southend - apparently the court case today about the electric bill was attended not by the current owner but by the potential new ones, who had agreed a payment plan with the electric suppliers. That suggests they may be close to doing enough of a deal to stave off the latest winding-up hearing which I think is tomorrow. No information circulating as to whether they're buying the ground or just the club, or whether they're paying debts in full. We should learn more by tomorrow - no point doing anything about a takeover if they're not going to be ready to tell the court what the deal is.
  • clive
    clive Posts: 19,442

    Southend United: National League club close to being rescued by takeover

    https://www.bbc.co.uk/sport/football/66992758
  • clive
    clive Posts: 19,442

    Southend United – a club staring into the abyss. Are these their final days?

    https://theathletic.com/4910606/2023/10/03/southend-united-ron-martin/
  • Afternoon Delight
    Afternoon Delight Posts: 912
    edited October 2023
    Some good news with the takeover.
  • clive
    clive Posts: 19,442

    Southend United: National League club agree takeover by Australian-led consortium

    https://www.bbc.co.uk/sport/football/66992758
  • soapy_jones
    soapy_jones Posts: 21,347
    Good on em. Cracking day out Sarfend away.
  • ForeverAddickted
    ForeverAddickted Posts: 94,288
    edited October 2023
    Great news... Now to hope that this Justin Rees is properly interested in the club.

    Its a shame they got the ten point deduction as they've started the season pretty well
  • Bilko
    Bilko Posts: 766
    I’m pleased for them, my mate was the Phisyo there for a number of years and they always treated me well when I went there.
  • Rob7Lee
    Rob7Lee Posts: 9,592
    Great news, 
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  • roseandcrown
    roseandcrown Posts: 7,587
    Local paper saying the deal means they will not be going ahead with plans for the new ground and will stay at roots hall. They will need to do some work it’s really run down 
  • MrOneLung
    MrOneLung Posts: 26,829
    Bilko said:
    I’m pleased for them, my mate was the Phisyo there for a number of years and they always treated me well when I went there.
    what was your injury?
  • MrOneLung
    MrOneLung Posts: 26,829
    roseandcrown said:
    Local paper saying the deal means they will not be going ahead with plans for the new ground and will stay at roots hall. They will need to do some work it’s really run down 
    No matter how many times I have been there, every time I drive past it en route to the sea front it always amazes me what a shit hole it looks
  • Stig
    Stig Posts: 29,018
    roseandcrown said:
    Local paper saying the deal means they will not be going ahead with plans for the new ground and will stay at roots hall. They will need to do some work it’s really run down 
    My mate sent me this last night 


  • Lordflashheart
    Lordflashheart Posts: 5,619
    Winding up petition dismissed at court, after tax bill paid 
  • Swisdom
    Swisdom Posts: 14,976
    Hopefully a proper new beginning for The Shrimpers
  • clive
    clive Posts: 19,442

    Southend United have transfer embargo lifted with takeover pending

    https://www.bbc.co.uk/sport/football/67834004
  • clive
    clive Posts: 19,442

    Southend United buyers warn of new court hearing

    https://www.bbc.co.uk/news/articles/cz7zzj71w1ro
  • clive
    clive Posts: 19,442
    edited June 2024

    Southend takeover and future in doubt after delays

    https://www.bbc.co.uk/sport/football/articles/cz5510lj88jo


    https://www.echo-news.co.uk/sport/24372286.consortium-provide-update-bid-buy-southend-united/
  • Athletico Charlton
    Athletico Charlton Posts: 14,272
    Gotta feel sorry for their fans,.one false hope after another.
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  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    Have to think this is probably their last chance at being saved. Pretty sure the judge last time said it was their final chance.
  • Stig
    Stig Posts: 29,018
    Southend Council playing hard ball now. One way or another it will all be over soon.


  • ken_shabby
    ken_shabby Posts: 6,255
    Ffs. I thought this was all sorted.
  • WishIdStayedinthePub
    WishIdStayedinthePub Posts: 648
    I asked a friend who is one degree removed from the people trying to save Southend.  His summary was, "Ron Martin is still being a dick.  He wants to have his cake and eat it.  The consortium is being bit naive.  The council is being unhelpful."
  • clive
    clive Posts: 19,442
    image
  • clive
    clive Posts: 19,442

    The National League have ordered Southend United to provide a £1m bond because of ongoing uncertainty over their financial situation.

    A takeover of the club by a consortium led by Australian businessman Justin Rees has been held up by ongoing problems over a housing development at Fossetts Farm related to the deal.

    Contracts were exchanged last December, but the takeover has yet to be completed, and the club faces a winding-up hearing in court on Wednesday.

    https://www.bbc.co.uk/sport/football/articles/c5111z7gykwo

    https://www.echo-news.co.uk/sport/24408837.consortium-issue-update-bid-buy-southend-united/

  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    Doesn't look good for them now. From what i've read COSU have so far paid out about 3.5m and are no closer to owning the club, so i doubt they will pay this 1m extra.

    Ron Martin can't lose either way. He's waiting on an agreement with the council to build houses where the new stadium was going to go. And if they don't agree (which is currently unlikely unless certain terms are met) and the club goes bust then he will just build houses on Roots Hall instead.

    At the last court date, the judge said the next one would likely be the final one, as he can't keep putting it off, so i'm not sure they'll get another adjournment. 

    They either need the council to give in (unlikely), Martin to give in (very unlikely), or the judge to take pity on them again (possible but no one knows).
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,987
    Southend are still alive!!

    STEWARTS Law has confirmed they have reached a settlement with Southend United ahead of tomorrow's winding up petition in the High Court.

    Blues are back in court on Wednesday due to winding up petitions issued by Stewarts and an ex sponsor.

    But Stewarts have today released a statement confirming their side of the situation has now been settled. 

    The statement said: "Stewarts confirms that we have come to a settlement with Southend United in respect of our outstanding legal fees. As such, we shall be asking the court to dismiss our petition at tomorrow’s hearing.”

    The club remain in discussions with the ex sponsor ahead of Wednesday's hearing. 

  • clive
    clive Posts: 19,442
    The winding-up petition hanging over Southend United has finally been dismissed.

    At the High Court on Wednesday, legal firm Stewarts Law LLP, who represented the club at previous hearings, and the petition’s supporting creditor - a former club sponsor - both said they supported the dismissal.

    The club’s chairman, Ron Martin, who was at the court, also said he supported the move. It is understood a deal with the former sponsor was agreed this morning.

    https://www.bbc.co.uk/news/articles/cy0082p4r9no

  • Stig
    Stig Posts: 29,018
    I was out with some Southend fans last night. I expected them to be quite upbeat, but actually they seemed more despondent. I don't know if it was just the natural pessimism of fans that are used to being dumped on or whether there's more substance to their fears. I can't give details because I was a bit Rowley Birkin at the time, but their general discourse went, "More outstanding debt blah blah... further court cases blah blah... transfer embargo blah blah... possible points deductions blah blah... Martin's still there blah blah... expect to drop two divisions blah blah... better off winding up and rebuilding from scratch blah blah..."

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