Transfer News, Gossip & Speculation Transfer Rumours Etc part 2.....2024/25

[WestyReturns]

Did Tom Lawrence literally just not say that were planning for an early buying window in the summer? has the "recent financial issue" occured between today and last week?

Justin's acca didn't come in at the weekend.

 

[Blues4LifeDan]

We've had tabs on the felixtowe guy for months and he's been watched a !ot by different members of our coaching and scouting team. All agree he's a find and is wanted, but so apparently do quite a few other clubs.
Despite the fact there was apparently still some funds in the transfer budget (albeit minimal) and having a chance to get him, it's sounding like an unexpected recent financial issue has resulted in there being very little chance of any funds being used to boost the squad now or for a while, so it's very unlikely he l be coming to us even on any sort of loan back deal.
I hope things change and prove me wrong!

Is this 'unexpected financial issue' a historic, Ron related finical skeleton found, or something to do with COSU themselves?

Whilst it may have been unexpected, it does make the CEO meeting last week look absolutely pointless now.

 

[in the know]

Recent, unexpected and also Ron\jack related.

 

[Shrimper]

Hope Ron hasn't got us on hook for the £7m he owes to McLaren Group

 

[Blues4LifeDan]

Recent, unexpected and also Ron\jack related.

To do with the Mccalren debt?

 

[BEERMONSTER]

To do with the Mccalren debt?

I would think for COSU, they always work with an anticipation and mindset of not so much unexpected but just unplanned where Ratty & Son are concerned! TL at the recent CEO forum even said when answering a question about what level of debt was left indicated a significant chuck had been paid off and no problem with the rest, but also added 'as people come out of the wordwork, we box them off'.
It's good to see honoring Club debt is a priority, even if it requires budget adjustments or changes in time frames in other areas. Frustrating obviously but thats the way of it, although I do think that COSU will do what is needed to keep the targeted budget for next season's recruitment in place. Purely because it would have been sustainably set in the first place and therefore recoverable, although again most likely through some level of additional funding from COSU.

 

[Blue Yonder]

Recent, unexpected and also Ron\jack related.

If true, and you've never given us a reason to doubt your insider knowledge, it just shows after months of negotiation, DD, contracts and lawyer fees that a slippery character can still catch everyone out. I wonder if we somehow heroically got to the playoffs and out of the division that would change the finances. It would be tough to reward promotion with a self imposed summer transfer embargo.

 

[WillMay333]

I'm sorry but im failing to understand how that in any way impacts us. The only involvement they have with SUFC is the owning of Roots Hall until that deal is complete. COSU have full ownership of the club, how does Rons company being wound up affect us in any way?

I refuse to believe after almost a year of negotiations and DD that somehow debts were left out and have now come to light.

Please do enlighten me

 

[SouthendSpence]

If true, and you've never given us a reason to doubt your insider knowledge, it just shows after months of negotiation, DD, contracts and lawyer fees that a slippery character can still catch everyone out. I wonder if we somehow heroically got to the playoffs and out of the division that would change the finances. It would be tough to reward promotion with a self imposed summer transfer embargo.

He also said in the meeting that promotion comes with a c.1m increase in TV revenue

 

[in the know]

I'm sorry but im failing to understand how that in any way impacts us. The only involvement they have with SUFC is the owning of Roots Hall until that deal is complete. COSU have full ownership of the club, how does Rons company being wound up affect us in any way?

I refuse to believe after almost a year of negotiations and DD that somehow debts were left out and have now come to light.

Please do enlighten me

I really can't say more than I have. Sorry.
It's not connected to the 12m due that's triggered by building works. It's also not as much as the 7m figure someone mentioned. But if some 'substantial' funds of £m proportions were expected at some point and planned into the budgets, and then aren't now going to available to make the books balance that money has to be found from somewhere. Other budgeted areas that aren't yet spent plus more cosu investment from their pockets unexpectedly.
I've tried to put that as generically as possible whilst outlining the problem.
Nothing would give me more pleasure than somehow the money can be found for Warren with some sort of deal to make it happen.
Fingers crossed something happens and also we thrash boston!

 

[BEERMONSTER]

Other budgeted areas that aren't yet spent plus more cosu investment from their pockets unexpectedly.

As you rightly say, like most things since their involvement, it will all come down to COSU putting their hands in their pockets, and if it is sustainable and realistic to do so, they will, of that I have no doubt. If we can't have faith and trust in their judgement and leadership now when can we?

 

[danbowen]

I really can't say more than I have. Sorry.
It's not connected to the 12m due that's triggered by building works. It's also not as much as the 7m figure someone mentioned. But if some 'substantial' funds of £m proportions were expected at some point and planned into the budgets, and then aren't now going to available to make the books balance that money has to be found from somewhere. Other budgeted areas that aren't yet spent plus more cosu investment from their pockets unexpectedly.
I've tried to put that as generically as possible whilst outlining the problem.
Nothing would give me more pleasure than somehow the money can be found for Warren with some sort of deal to make it happen.
Fingers crossed something happens and also we thrash boston!

Sounds like the funds being released are going to be delayed but creditors were promised money by x date which now wont be covered by the funds we expected from Ron so need to be funded by other means.

 

[onceknownasrab]

It seems, the traditional rollercoaster ride that is SUFC, continues to rumble round the tracks. I keep waiting for the fun in funfair to appear but all we get is phantoms from the Ghost train.

 

[WillMay333]

I really can't say more than I have. Sorry.
It's not connected to the 12m due that's triggered by building works. It's also not as much as the 7m figure someone mentioned. But if some 'substantial' funds of £m proportions were expected at some point and planned into the budgets, and then aren't now going to available to make the books balance that money has to be found from somewhere. Other budgeted areas that aren't yet spent plus more cosu investment from their pockets unexpectedly.
I've tried to put that as generically as possible whilst outlining the problem.
Nothing would give me more pleasure than somehow the money can be found for Warren with some sort of deal to make it happen.
Fingers crossed something happens and also we thrash boston!

why drop a breadcrumb if you know the full story? all this nonsense does is make people worry, either tell the full story or shut up, fed up of these "in the knows" dropping mysterious nuggets of info in these cryptic messages, so pointless and not needed

 

[WillMay333]

Sounds like the funds being released are going to be delayed but creditors were promised money by x date which now wont be covered by the funds we expected from Ron so need to be funded by other means.

the council backed deal regarding those funds are in relation to redeveloping roots hall. im fairly certain creditors dont have any part of the money being released.

As TL said, we have knocked off a significant portion of the debt we owed and continued to do so, unless someone provides evidence otherwise, i dont see what all this nonsense nothing-burger posts provides

 

[bluesfansince1952]

why drop a breadcrumb if you know the full story? all this nonsense does is make people worry, either tell the full story or shut up, fed up of these "in the knows" dropping mysterious nuggets of info in these cryptic messages, so pointless and not needed

Why? Because he is told things on the basis of anonymity and respects his source(s). He also probably wants to be told things in the future as well as not ruin friendships.
Speaking for myself I found the information quite interesting and I say keep it coming. But then if we all agreed on everything the world would be a dull place.

 

[WillMay333]

Why? Because he is told things on the basis of anonymity and respects his source(s). He also probably wants to be told things in the future as well as not ruin friendships.
Speaking for myself I found the information quite interesting and I say keep it coming. But then if we all agreed on everything the world would be a dull place.

Is he contractually obligated to not say more? Why speak only a tiny amount, especially on a topic that will make people worry, then to say I cant say more? Its so "pick me" "i know the full story but i wont say it"

so pointless

 

[overseas shrimper]

why drop a breadcrumb if you know the full story? all this nonsense does is make people worry, either tell the full story or shut up, fed up of these "in the knows" dropping mysterious nuggets of info in these cryptic messages, so pointless and not needed

I think you need to wind it in a bit and refrain from telling somebody to 'shut up'. If you want to have a tantrum and be rude to people, you need to vent somewhere else.

 

[Strykr]

This may sound churlish, but lets say the consortium need to pull a million out of somewhere because of ron.

Would they then not be able to find i presume around 5- 20k to bring in a highly regarded prospect?

 

[Blue Yonder]

Is he contractually obligated to not say more? Why speak only a tiny amount, especially on a topic that will make people worry, then to say I cant say more? Its so "pick me" "i know the full story but i wont say it"

so pointless

Just ignore it mate if it irritates you. The thread is called Transfer News, GOSSIP and Speculation and that's what we've got. Quite enjoy it myself. You have to sort the wheat from the Chaff. The poster has been reliable in the past.