The General
The Mouse (*)
Ironic how we wanna know the accounts but in another way we dont lol!
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Breaking News Accounts Released 2011/12
The General
The Mouse (*)
Oh hello Mr Crickson - didnt expect to see you in here ... yeah its all fun and games at SUFC (as per normal!) and nothing is ever easy!
bazzashrimper
Director
So going back to the bit in CAPS... £450k went from the club to Rons other companies as a rent payment?
chapperzUK
Guest
Yes as "payment", whether the money actually moved is another matter. £400k to Roots Hall Ltd and £50k to SEL UK.
What the frig is that about?
Why has the club been charged rent (which we cannot afford) when Ron said it wouldn't be charged?
McNasty
Member
Perhaps he needed to pay the players and couldn't get the money elsewhere.
Mick
Life President
Surely the players are paid by the Football Club and removing £450,000 (yes, nearly half a million pounds) from the club's kitty and putting it into the hands of one of the other nebulous companies would make it harder, not easier, to pay the players ??
McNasty
Member
Mick, with the myriad of companies I think there is only one person who know what goes where and which company pays whom.
That person is not any of us mere supporters.
Jam_Man
Life President
I think the standout thing in this is the fact that they have taken rent for the first time.
This to me speaks volumes about the whole set up.
Its always been there but not taken, why now have we had to pay it? (If thats what we have, which lets face it why would it be there if we hadnt?).
The only reason I can think of is because the parent company not only is unable to support us, but we are now having to pay them as they cant support themselves.
From a club that supposedly needed 60k a month put in from the parent to survive (per Rons last mention) they are now taking out 450k a year.
Pretty astounding turnaround for a club that cant afford to run without subsidies.
I hope the trust will be clarifying this as it sounds like a big change in policy.
Was that loan made to SUFC directly though ? Wouldnt fall under our books if it was to one of the other companies.
Was it paid back ? Kind of close to 450k we paid rent isnt it?
This to me speaks volumes about the whole set up.
Its always been there but not taken, why now have we had to pay it? (If thats what we have, which lets face it why would it be there if we hadnt?).
The only reason I can think of is because the parent company not only is unable to support us, but we are now having to pay them as they cant support themselves.
From a club that supposedly needed 60k a month put in from the parent to survive (per Rons last mention) they are now taking out 450k a year.
Pretty astounding turnaround for a club that cant afford to run without subsidies.
I hope the trust will be clarifying this as it sounds like a big change in policy.
Was that loan made to SUFC directly though ? Wouldnt fall under our books if it was to one of the other companies.
Was it paid back ? Kind of close to 450k we paid rent isnt it?
Erm...why do you think the Trust should be clarifying that? If we asked, it would be one of those questions where we could show we'd asked but be unlikely to be able to show a response, if one was made. Besides which, it's much more a question for Ron, not Steve, who we normally meet with. It's much more a question to be asked of the chairman, at the club's AGM as and when it next falls.
Jam_Man
Life President
Because its a fundamental change in policy if we are going to now have to pay 450k a year. Is the Trust not meant to be concerned with the clubs finances ? We seem to have gone from being supported by the parent companies to now have to pay them nearly half a million a year.
Ifs its not the responsibility of the trust to ask it then whose is it ?
Find it odd that the trust arent already asking the question, whether you can publicise it or not. As its published in the public accounts why wouldnt the club want to clarify the change?
McNasty
Member
I tend to agree with Jam_Man on this.
To collect £450,000 for the first time after not collecting any money in the previous 8 or 9 (or more) years is a massive shift away from our normal situation that someone should ask the question.
The Trust have far more regular meetings with the club than the Fan's Forum so a quicker response could be obtained if RM wishes to reply, whether asked through Steve or directly to Ron.
As Jam_Man says , it is in the accounts , and yes, questions should be asked at an AGM. Any idea when the next one will be ?
To collect £450,000 for the first time after not collecting any money in the previous 8 or 9 (or more) years is a massive shift away from our normal situation that someone should ask the question.
The Trust have far more regular meetings with the club than the Fan's Forum so a quicker response could be obtained if RM wishes to reply, whether asked through Steve or directly to Ron.
As Jam_Man says , it is in the accounts , and yes, questions should be asked at an AGM. Any idea when the next one will be ?
chapperzUK
Guest
While I agree with the above, just because the accounts say £450k has been charged as rent it doesn't mean money has physically changed hands.
McNasty
Member
Please excuse my ignorance but wouldn't it need to be paid from the club to another of RM's companies ?
chapperzUK
Guest
It could still be owed, meaning it hasn't been paid, but with the spider web of debts through-out all the companies it is hard to tell from the accounts.
If I were to have an educated guess, Martin Dawn Plc has "received" the rent money and therefore owes whoever should have received the rent money (Roots Hall Ltd and SEL Ltd). They have then shown this to the auditors and gone "look we are receiving money and a couple of the group's companies are making money".
That is a guess and based on very little apart from the fact that the accounts took so long to be sent off and rent was charged for the first time in years.
Firestorm
Pedant
If its showing as an asset in SELs accounts then it hasnt been paid. If its in the cashflow statement then it has
chapperzUK
Guest
Interesting, although I'm more curious about the £6.85m investment that has been made from the Roots Hall company.
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