A SECOND Echo reader weighs in on the future of Southend United.
Tony Cox said that there were merely conversation points rather than warning signs about the Fossetts Farm plan, which piqued my curiosity.
These kinds of deals always have an agreed-upon number up front. Tony alone seems to be familiar with that number.
I personally forewarned him that the purchase puts the council at great risk of insolvency and enormous liquidity.
“We will need to save for a rainy day,” was the council’s statement (cabinet meeting 29/4).
In the meetings and the papers, the risks were minimized.
It is now evident that taxpayers will eventually have to pay SUFC £20 million.
“No cost to the taxpayer,” was the council’s response.
He tried to garner more votes by playing the locals and fans, but his plan backfired.
We now have to decide between council and club.
Tony squandered that time on a trade that should never have gone through, when the team might have been working on other ways to salvage itself during the past year.
And all the way to the bank, Ron is giggling.
Tony, just be honest!
Daniel Cowan, throw £20 million into the club if you have to, but don’t forgive yourself for forcing the municipality into bankruptcy.
By making direct investments, you provide fans with some security and at least employ the capital budget rather than the revenue.
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