Southend Utd take over in doubt

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hoofer2
Posts: 5407
Joined: 01 Feb 2011, 13:48

Re: Southend Utd take over in doubt

Post: # 376925Post hoofer2 »

NL showed last season that gave Southend benefit of the doubt as ex EFL, so suspect will again.

In my opinion an earlier solvency deadline should be set for clubs who had issues season previous
jerroll
Posts: 12100
Joined: 23 Jan 2011, 17:25

Re: Southend Utd take over in doubt

Post: # 376926Post jerroll »

hoofer2 wrote: 26 Jun 2024, 06:26 NL showed last season that gave Southend benefit of the doubt as ex EFL, so suspect will again.

In my opinion an earlier solvency deadline should be set for clubs who had issues season previous
Cut off should have been the AGM, takeover sorted or the league acts and expels like they have done with the likes of Rushden,Halifax,Hereford,Scarborough etc but they were all ex FL clubs too!
Norfolkbee
Posts: 4471
Joined: 23 Jan 2011, 09:43

Re: Southend Utd take over in doubt

Post: # 376927Post Norfolkbee »

jerroll wrote: 26 Jun 2024, 07:37
hoofer2 wrote: 26 Jun 2024, 06:26 NL showed last season that gave Southend benefit of the doubt as ex EFL, so suspect will again.

In my opinion an earlier solvency deadline should be set for clubs who had issues season previous
Cut off should have been the AGM, takeover sorted or the league acts and expels like they have done with the likes of Rushden,Halifax,Hereford,Scarborough etc but they were all ex FL clubs too!
The Southend situation is slightly different to these other cases in that they have financial backers ready to step in. Their problem is all the politics and wheeling & dealing involving the Martins and the council.
However, all this could change if things drag on and the consortium decide to pack up their tent and move on. The NL is right to be circumspect until things are decided one way or the other.
I suspect that some deal will eventually be cobbled together because it is in nobody's interest to see the club go under.
As for the playing side, the longer the transfer embargo is in place, the harder it is for Southend to build a team to be challenging come April. That said, John Still and Kevin Maher are canny operators, who are on record as saying they have been working hard on lining up players to come in once the way has been cleared to do so.
It is likely that if things go well for them, Southend will make a slow start to the season, but come on strong as time goes by and the players arrive. In other words, it will be much the same as last season when they had the points deduction to deal with.
becbee
Posts: 12059
Joined: 22 Jan 2011, 11:43

Re: Southend Utd take over in doubt

Post: # 376928Post becbee »

The backers have been in place for months, the takeover should have happened long ago. As it is, the consortium have paid in £3.5 million without being able to take over. It comes down to whether they walk away and lose everything or keep throwing good money at the club with the risks attached.

I suspect the supporters consider what happens on the pitch this season to being secondary to actually having a team still in existence - and the Martins out of the picture.

I agree that all the other clubs weren't afforded months and months of leniency. Maybe things might have worked out differently for them if they had been. But there again, with hindsight, would Southend have been either ?
king45bee
Posts: 640
Joined: 01 Aug 2016, 17:34

Re: Southend Utd take over in doubt

Post: # 376931Post king45bee »

So wup settled today assume no transfers until bond lodged or takeover happens- feels like going to rumble on for a bit yet

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jerroll
Posts: 12100
Joined: 23 Jan 2011, 17:25

Re: Southend Utd take over in doubt

Post: # 376932Post jerroll »

Fair play to the consortium, hope they can finally get rid of Ron Martin and allow a decent football club to thrive again and don't get ripped off in the process.
hoofer2
Posts: 5407
Joined: 01 Feb 2011, 13:48

Re: Southend Utd take over in doubt

Post: # 376972Post hoofer2 »

It's not over - deferred for yet more talks - I see no change other than Martin will be talking to takeover consortium. Is this grounds enough for National League to retract the bond requirement?
simples169
Posts: 807
Joined: 22 Apr 2012, 20:31

Re: Southend Utd take over in doubt

Post: # 376980Post simples169 »

Do they still need to find the bond money for the league ?
No one likes to see a club struggle but at somepoint surely the league will loose patience along with the courts.
king45bee
Posts: 640
Joined: 01 Aug 2016, 17:34

Re: Southend Utd take over in doubt

Post: # 377057Post king45bee »

Rumour of deadline today but according to Southend Echo no statement today from League due today - wages were paid last week looks like Ron Martin playing his normal games Image

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king45bee
Posts: 640
Joined: 01 Aug 2016, 17:34

Re: Southend Utd take over in doubt

Post: # 377062Post king45bee »

Some movementImage

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hoofer2
Posts: 5407
Joined: 01 Feb 2011, 13:48

Re: Southend Utd take over in doubt

Post: # 377064Post hoofer2 »

Beer won't be wasted... either a celebration or a wake....
king45bee
Posts: 640
Joined: 01 Aug 2016, 17:34

Re: Southend Utd take over in doubt

Post: # 377156Post king45bee »

Looking like on way to being sorted but with Ron Martin you never know Image

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king45bee
Posts: 640
Joined: 01 Aug 2016, 17:34

Re: Southend Utd take over in doubt

Post: # 377546Post king45bee »

Now completed https://www.bbc.com/sport/football/arti ... dxldzgyw7o

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jerroll
Posts: 12100
Joined: 23 Jan 2011, 17:25

Re: Southend Utd take over in doubt

Post: # 377547Post jerroll »

Watch the national league odds alter now.
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