Skip to main content

Southend fans protest but no end in sight

Southend fans protested before Saturday’s home game against AFC Fylde. Hundreds of activists marched noisily from the city centre to Roots Hall, chanting their hatred of Ron Martin, the Southend chairman.

There was cartoonish symbolism. The protesters followed a car that had a model of Martin attached, with the man in power depicted as a clown.

There were even flashes of insurrection. Once the agitators made it to Roots Hall a handful breached the directors’ entrance, as if they were going to depose Martin there and then. “Shut the gate,” a steward cried desperately.

Those who got through the entrance soon retreated autonomously and it must be emphasised that this uprising was benevolent, peaceful and had minimal police interference. Considering the fans’ heartache, their conduct was impeccable.

Yet the measured behaviour should not mask the desperation for Martin to sell Southend. His 25-year ownership has been defined by unsuccessful attempts to move from Roots Hall to a new stadium at Fossetts Farm, as well as financial turmoil.

Back in court

Southend are due back at the High Court on October 4 to address the club’s 18th winding-up petition since 2009. This latest petition includes, but is not limited to, an unpaid tax debt of £275,000.

Southend were most recently at the High Court on August 23, when they received a 42-day adjournment, a ten-point deduction and the sternest of warnings. “If this was not a football club with the attachment of its fans, I would be winding you up today. You will be wound up on the next date if it’s not sorted,” Judge Sebastian Prentis said.

Fans are yearning for Martin, who put the club up for sale last March, to find a buyer. A consortium fronted by Justin Rees offers hope but he announced last week that two takeover bids had been rejected and a deal before October 4 was unlikely. Supporters blame one person.

Australian businessman Rees has said that taking ownership of Roots Hall and the training ground is key to a deal.  It is believed this would enable Martin to develop Fossetts Farm  without a stadium requirement and it is hoped that he would as a result contribute to the redevelopment of Roots Hall.

“Every corridor we go down has a locked door with Ron Martin on the other side,” Liam Ager, a board member of the Shrimpers Trust fan group, said. “Ron does what he wants. He is not accountable to anybody except himself and the people he has borrowed money from, and he is not interested in the town or the club.”

Martin does accept some responsibility but insists Southend’s consecutive relegations — from League One in 2020 and League Two in 2021 — were awfully timed.

“It must be true the buck stops with me, but the main reason for the club’s current financial issues is double relegation on the back of Covid,” he said. “I suspect we would have been relegated irrespective of the [2019-20] season being curtailed, nevertheless it certainly didn’t help as we came down with a PAYE debt from League One wages.’

 

Comments

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to depl