SUFC: The Future SUFC up for sale

[shrimperjon]

So I'm guessing that there was no truth in the rumour that seemed to manifest from thin air that there was a meeting due this morning between Kimura, Ron and Unknown MP?

im not sure where this has come about from. A meeting has been arranged between the three parties. It might have been at 10, more likely lunchtime or even this evening. Someone (Max Pollard) posted about 10am Friday before the meeting was even announced but Max didnt have any knowledge of this meeting. If anyone knows Max he does mess around on twitter alot and wind people up (including myself before), he just does it for a laugh, he is a great lad and goes home and away. If people have put the two things together then that would seem why but i had knowldege of the meeting but not the time

 

[sufc4life21]

Why would you need MP to witness a sale of a football club? Sounds bull**** to me.

 

[shrimperjon]

Why would you need MP to witness a sale of a football club? Sounds bull**** to me.

I believe that was to get Ron to meet with Kimura to get things sorted face to face. Maybe as a mediator, maybe for other reasons. Hwoever, i believe the MP is a close ally to Ron

 

[Medway Blue]

Why would you need MP to witness a sale of a football club? Sounds bull**** to me.

I've said this before but I don't believe it's to witness a business deal. I don't know the exact reason but it's more likely to influence both parties to get into a room and talk some things out.

 

[Spaceman Spiff]

I believe that was to get Ron to meet with Kimura to get things sorted face to face. Maybe as a mediator, maybe for other reasons. Hwoever, i believe the MP is a close ally to Ron

Can we stop the silly stuff about the MP please. Ron might have made a donation, that does not make anyone a ‘close ally’. What it does do is invite more crap political partisan posting which is against the rules, for the millionth time.

Good or bad, there is an MP who covers Rochford and Southend East - i.e. the area where the new stadium, training grounds and developments all are. Whoever that person was, it is not beyond the realms of reasonable understanding that one or both parties may want them to be present for one reason or another.

 

[TrevorFitzpatrickHattrick]

Why would you need MP to witness a sale of a football club? Sounds bull**** to me.

It wouldn't be as a witness to a transaction, it would be for a combination of positive personal PR and perhaps, just maybe, because they care about a beautiful community asset that's perilously close to extinction.

 

[Petejames]

The only truth that I know to be in said rumour, is that Kimura have been seeking such a meeting and have engaged one of the local MPs in an attempt to get them to broker and possibly referee it. I have not heard myself from anybody who I consider to be reliable or "on the inside" that such a meeting was scheduled for 10am today. Doesn't mean that it wasn't, but I don't currently believe it to be the case.


I'm under the impression that it can go right up to 12th July as things stand. That is the deadline imposed by Ron, but probably only because it links in with other deadlines. Aside from Ron's deadline, 12th July quite probably represents two other deadlines - one from the National League and one from the court. That doesn't mean that both deadlines can't be extended if needed, if solid evidence is shown that a sales process is further advanced than it was at the time of the previous hearing on 17th May, and is nearing completion - but obviously it's a bigger task on paper to satisfy two parties imposing deadlines rather than just one.

I'd be interested to know whether the NL will be led by HMRC's/the judge's opinion or decision on 12th July, or whether it would be the other way around.

I think there’s a (lsd) long stop date 22nd July if needed

 

[Sudbury_Shrimpers]

250k isn't great deal of money owed by football club really. I don't really see judge winding us up for low amount owed. Another adjournment looking more likely.

Adjourned after 12th is not going to happen this time I am afraid, the judge was very close to put us out of business on 17th of May. Only the proof of potential buyer that allowed the judge to give us one final chance.

 

[Medway Blue]

Adjourned after 12th is not going to happen this time I am afraid, the judge was very close to put us out of business on 17th of May. Only the proof of potential buyer that allowed the judge to give us one final chance.

What are you talking about? How do you know it won't happen? How do you know that 17th May represented one final chance?

I think you're projecting your wish as a fact.

 

[JAL]

If it isn't completed by July 12th and they extended it again then don't expect completion until that new deadline at the earliest

With the wording of the last statement, I am not sure that an extension is even an option
And if it is, I can't see next season being a good one.

 

[Richard Hearn]

Some ITK say ron is desperate to sell..... doesn't look that way to me. Probably looking more likely he be incharge next season. God I hope I'm wrong!

As I have suggested a couple of times I doubt that he is "desperate" to sell at all. He is probably desperate NOT to sell but it looks like he has to. Different thing.

Selling is failure for him. His "legacy" down the Suwannee. The man who failed.

If he is, it's little wonder that he is dragging his feet and delaying the fateful day.

 

[Hampshire Shrimp]

What are you talking about? How do you know it won't happen? How do you know that 17th May represented one final chance?

I think you're projecting your wish as a fact.

I agree with Sudbury_Shrimpers, It could be wound up on the 12th July if no evidence of potential buyer. You cannot say that we won`t be wound up? We need this deal to go through, but, Ron being Ron will be very demanding, and he cannot carry on robbing Peter to pay Paul, the courts and HMRC have had enough of him. It`s very frustrating watching from the sidelines, lets hope we hear good news soon. Worst case scenario Kimura have enough of him and his antics, which we all know wouldn`t put it past him, and pull out.

 

[mark387]

I agree with Sudbury_Shrimpers, It could be wound up on the 12th July if no evidence of potential buyer. You cannot say that we won`t be wound up? We need this deal to go through, but, Ron being Ron will be very demanding, and he cannot carry on robbing Peter to pay Paul, the courts and HMRC have had enough of him. It`s very frustrating watching from the sidelines, lets hope we hear good news soon. Worst case scenario Kimura have enough of him and his antics, which we all know wouldn`t put it past him, and pull out.

They may well have had enough of him but surely if there is even a snifter of actually getting monies owed they will take it over winding us up and everyone getting screwed?

 

[stewart]

Crumbs if Kimura pull out i just hope they come on here and state the reasons why they pulled out ,if it iis because of RMs asking price i hope they tell the world what RM was demanding for a club with very limited assets ,I would want RM to go down in infamy as the worst owner of any football club ever .Let that be he testimony. If the deal goes through giving time for Kimura to get aboard and help us have a decent season ,then i will say thankyou RM and hope you have a long and peaceful life .

 

[Sudbury_Shrimpers]

What are you talking about? How do you know it won't happen? How do you know that 17th May represented one final chance?

I think you're projecting your wish as a fact.

It’s true. Without the proof of funding and buyers, the judge wouldn’t give us another adjournment. It’s vital we must get the take over sorted before 12th. National League was very close to thrown us out of their set up.

Why we don’t hear about news for transfers in, pre season training & fixture. It’s frustrating to be honest.

 

[TUMBO]

As I have suggested a couple of times I doubt that he is "desperate" to sell at all. He is probably desperate NOT to sell but it looks like he has to. Different thing.

Selling is failure for him. His "legacy" down the Suwannee. The man who failed.

If he is, it's little wonder that he is dragging his feet and delaying the fateful day.

Why would selling be a mark of failure?

An investment into a football club is rarely for financial game but more of a hobby. He's run a football club for nearly 25 years - although not well,

He may have had intentions but goalposts change, and you don't know what deal may be negotiated.

So measuring failure by just selling is short sighted IMO

 

[Sudbury_Shrimpers]

With the wording of the last statement, I am not sure that an extension is even an optionView attachment 26884
And if it is, I can't see next season being a good one.

That what I wanted to show on here, but I am on bloody post approval so it’s limited my ability to post this screenshot

 

[Richard Hearn]

Why would selling be a mark of failure?

An investment into a football club is rarely for financial game but more of a hobby. He's run a football club for nearly 25 years - although not well,

He may have had intentions but goalposts change, and you don't know what deal may be negotiated.

So measuring failure by just selling is short sighted IMO

Because, again as I have said before, I believe Mr Martin may well be a narcissist (in psychotherapeutic terms) and so for him it would not be the selling that is the issue but the fact that it wasn't done at a time of his choosing and on his strict terms.

His hand was forced, it was ultimately out of his control. That will be very hard for him to bear. It would be seen as a failure in his eyes. And to him that will be all that matters.

 

[Boreham Shrimper]

As I have suggested a couple of times I doubt that he is "desperate" to sell at all. He is probably desperate NOT to sell but it looks like he has to. Different thing.

Selling is failure for him. His "legacy" down the Suwannee. The man who failed.

If he is, it's little wonder that he is dragging his feet and delaying the fateful day.

Even if he were desperate to sell (and it appears his family may have persuaded him to seriously explore doing so), I'm sure he will be doing his best in negotiations to make it appear otherwise. That's just business.

That said, he's not in the strongest of positions given the predicament in which he and the club find themselves with HMRC and other creditors, but I'm sure he'll be stringing things out for as long as possible in order to try to ensure the best conditions for himself. We just have to hope that Kimura (or any other serious interested parties, and I'm not completely convinced there are any) hold their nerve.

 

[londonblue]

I agree with Sudbury_Shrimpers, It could be wound up on the 12th July if no evidence of potential buyer. You cannot say that we won`t be wound up? We need this deal to go through, but, Ron being Ron will be very demanding, and he cannot carry on robbing Peter to pay Paul, the courts and HMRC have had enough of him. It`s very frustrating watching from the sidelines, lets hope we hear good news soon. Worst case scenario Kimura have enough of him and his antics, which we all know wouldn`t put it past him, and pull out.

He made a promise to the court that if there was no sale by then, then he would sell off some land to pay the debts. Whether he keeps his promise or not remains to be seen. However, I hope we don't get that far as I hope there is a sale before then.