Breaking News Chairman's Statement - OS

[Yorkshire Blue]

Ron Martin has been taking your club up the backside from Day 1.As an 'outsider' it has been fascinating to watch over the past few years as the penny finally dropped with more and more of you. I find it remarkable that there are still some deluded individuals on here, who want to defend him.You know where he lives. I think the fans of most clubs would have long since got together and gone round there and let him know what they thought of him, and what he was doing to their football club.

I thought my C'mon Ipswich comment would attract you.

Still it'll only be a matter of time before your other club finds itself in a similar situation. It might be 1 year, it might be 5 years, it might be 20 years, but you'll find yourself in a similar position sooner or later no matter what lame protestations you put up.

The penny dropping isn't about Ron Martin, it's about the state the club was in when Ron Martin took over. We've never put ourselves on a firm financial footing. I was never excited about moving to a shiny new stadium, but I was resigned to it being the only way we could give ourselves the financial basis we needed.

 

[Interpol Shrimper]

on the front page of the bbc sport website...

Can't see RM & GK being too happy about that. The wording of the story seems to skew things to be gravely worse than they indeed are. Plus, I am guessing by the trickle of information they've given us, the last thing they will have wanted was for this story to be headline news. Other than the comments on TalkSport it has pretty much gone under the radar nationally - a couple of Carlisle fans I spoke to on Sat had no idea where in such a perilous state!

 

[effy67]

Fighting Fund

As a friend pointed out to me 8,000 crowds £80 each and it gets paid off. All sounds so simple does n't it. Don't know if the Trust or ShrimperZone could look into the viability of setting a fund up and how it would work and whether it could work.

I know it would probably only be a stay of execution but pay off HRMC and worry about the others afterwards.

Would be happy to donate £100 but don't tell the wife!!

 

[Interpol Shrimper]

Constant lies, treating fans like idiots. He is a very own "comical"-Ali... 'nothing to see here, all is fine'.

I think you could make a fortune in t-shirts with that on it somehow ;)

 

[seany t]

Can't see RM & GK being too happy about that. The wording of the story seems to skew things to be gravely worse than they indeed are. Plus, I am guessing by the trickle of information they've given us, the last thing they will have wanted was for this story to be headline news. Other than the comments on TalkSport it has pretty much gone under the radar nationally - a couple of Carlisle fans I spoke to on Sat had no idea where in such a perilous state!

And in issuing a statement to appease us lot, I fear Martin will have angered the HRMC by using phrases such as 'hostile' and 'not only welcome but destructive'.

 

[palexander]

As a friend pointed out to me 8,000 crowds £80 each and it gets paid off. All sounds so simple does n't it. Don't know if the Trust or ShrimperZone could look into the viability of setting a fund up and how it would work and whether it could work.

I know it would probably only be a stay of execution but pay off HRMC and worry about the others afterwards.

Would be happy to donate £100 but don't tell the wife!!

I think a lot of us would, be realistically how many of the 8000 could afford to - by that I mean demographically.

I.e. how many are under 16 or over 60? Fair amount of our crowd I would say, so they you may only be looking at 3000-4000 that you would consider could be in a position to spare that sort of money. Then of that number, how many actually CAN?

 

[Interpol Shrimper]

As a friend pointed out to me 8,000 crowds £80 each and it gets paid off. All sounds so simple does n't it. Don't know if the Trust or ShrimperZone could look into the viability of setting a fund up and how it would work and whether it could work.

I know it would probably only be a stay of execution but pay off HRMC and worry about the others afterwards.

Would be happy to donate £100 but don't tell the wife!!

Good point actually.
I'd be happy to pay an £85 pledge to pay off HMRC but only if the fans got a board representative & GK was given his P45!

I think a lot of us would, be realistically how many of the 8000 could afford to - by that I mean demographically.

I.e. how many are under 16 or over 60? Fair amount of our crowd I would say, so they you may only be looking at 3000-4000 that you would consider could be in a position to spare that sort of money. Then of that number, how many actually CAN?

Right then £350k from pledges, rest from your Comical Ron t-shirts? ;)

 

[Clinton Baptiste]

I no longer feel the need to run my hands through Rons lush mane.

 

[Shrimper51]

Is this news far worse for Ron Martin, than it is for Southend United? If we go into administration does not RM lose everything? Surely with the planning permission for the new stadium and Roots Hall development someone would be interested in financing the club in the short term to take the profit that RM was hoping to make himself. With a 10 point reduction we may get relegated but we can always get promotion in subsequent years. Although I know nothing about the state of RM's personal finances, it would seem that it may take him much longer to get over this.

 

[DTS]

Ron Martin has been taking your club up the backside from Day 1.As an 'outsider' it has been fascinating to watch over the past few years as the penny finally dropped with more and more of you. I find it remarkable that there are still some deluded individuals on here, who want to defend him.You know where he lives. I think the fans of most clubs would have long since got together and gone round there and let him know what they thought of him, and what he was doing to their football club.

Even if we are deducted points and drop into league two we still wont have been as far down the football league pyramid as your mob you two headed carrot crunching ****.

 

[Matt the Shrimp]

Ron presumably wouldn't put us in administration because he's by far and away our biggest creditor. An administrator will come in, resolve that there are sufficient assets to pay x pennies in the £ (where x is likely to be small - let's say 10p, for the sake of argument).

Suddenly, Ron's book debts (which are presumably shown as assets elsewhere - e.g. on Martin Dawn's books?) are worth 10% of their prior value. I'm not surprised he's angry! It's that that's prompted the comment about how much he and his family have personally put in.

What I'm not clear about is why it would be in HMRC's interests - or in those of the public purse - to put us into administration if there really is a payment to be made by Sainsbury contingent on the planning permission being granted. Surely Ron could reveal the nature of that agreement to HMRC in full and enter into an undertaking to make payment in full on receipt of the funds from Sainsbury.

Alternatively, Ron could arrange a bridging loan - although with only a week to get the funds, he may have left it too late; and in any event, the interest would be punitive.

Or... perhaps there's no Sainsbury money to be paid at all on grant of planning permission - in which case, administration and 10 points' deduction will happen next week. Disappointing.

Matt

 

[Napster]

Ron presumably wouldn't put us in administration because he's by far and away our biggest creditor. An administrator will come in, resolve that there are sufficient assets to pay x pennies in the £ (where x is likely to be small - let's say 10p, for the sake of argument).

Suddenly, Ron's book debts (which are presumably shown as assets elsewhere - e.g. on Martin Dawn's books?) are worth 10% of their prior value. I'm not surprised he's angry! It's that that's prompted the comment about how much he and his family have personally put in.

What I'm not clear about is why it would be in HMRC's interests - or in those of the public purse - to put us into administration if there really is a payment to be made by Sainsbury contingent on the planning permission being granted. Surely Ron could reveal the nature of that agreement to HMRC in full and enter into an undertaking to make payment in full on receipt of the funds from Sainsbury.

Alternatively, Ron could arrange a bridging loan - although with only a week to get the funds, he may have left it too late; and in any event, the interest would be punitive.

Or... perhaps there's no Sainsbury money to be paid at all on grant of planning permission - in which case, administration and 10 points' deduction will happen next week. Disappointing.

Matt

Matt

You know as well as I do what the most likely option is.

 

[pringlejon]

i'm watching tv hoping to see a l'oreal advert with ron on it....i'm sure he could get at least 700k for those golden locks!

 

[OldBlueLady]

Just said on Sky we have the 10 point deduction and are bottom of the league.

 

[Gremlin]

Ron presumably wouldn't put us in administration because he's by far and away our biggest creditor. An administrator will come in, resolve that there are sufficient assets to pay x pennies in the £ (where x is likely to be small - let's say 10p, for the sake of argument).

Suddenly, Ron's book debts (which are presumably shown as assets elsewhere - e.g. on Martin Dawn's books?) are worth 10% of their prior value. I'm not surprised he's angry! It's that that's prompted the comment about how much he and his family have personally put in.

What I'm not clear about is why it would be in HMRC's interests - or in those of the public purse - to put us into administration if there really is a payment to be made by Sainsbury contingent on the planning permission being granted. Surely Ron could reveal the nature of that agreement to HMRC in full and enter into an undertaking to make payment in full on receipt of the funds from Sainsbury.

Alternatively, Ron could arrange a bridging loan - although with only a week to get the funds, he may have left it too late; and in any event, the interest would be punitive.

Or... perhaps there's no Sainsbury money to be paid at all on grant of planning permission - in which case, administration and 10 points' deduction will happen next week. Disappointing.

Matt

Good post, Matt. I wonder what HMRC's attitude towards negotiation on the piece in bold might be now that Ron has bad-mouthed them in the press. Not the best move he's ever made, methinks.

 

[BLUEBLOOD]

Assuming we go into admin next Wednesday, and the adminstator puts the non playing personnel out of a job (like i THINK they MIGHT) is their anything to stop RM turning full circle to become a debtor and try to claim the £12m or so back that his companies have stumped up, or is the fact that he has stated he's written off these debts law abiding ??

 

[palexander]

Ron presumably wouldn't put us in administration because he's by far and away our biggest creditor. An administrator will come in, resolve that there are sufficient assets to pay x pennies in the £ (where x is likely to be small - let's say 10p, for the sake of argument).

Suddenly, Ron's book debts (which are presumably shown as assets elsewhere - e.g. on Martin Dawn's books?) are worth 10% of their prior value. I'm not surprised he's angry! It's that that's prompted the comment about how much he and his family have personally put in.

What I'm not clear about is why it would be in HMRC's interests - or in those of the public purse - to put us into administration if there really is a payment to be made by Sainsbury contingent on the planning permission being granted. Surely Ron could reveal the nature of that agreement to HMRC in full and enter into an undertaking to make payment in full on receipt of the funds from Sainsbury.

Alternatively, Ron could arrange a bridging loan - although with only a week to get the funds, he may have left it too late; and in any event, the interest would be punitive.

Or... perhaps there's no Sainsbury money to be paid at all on grant of planning permission - in which case, administration and 10 points' deduction will happen next week. Disappointing.

Matt

This. Lies, lies and more lies.

 

[DTS]

Just said on Sky we have the 10 point deduction and are bottom of the league.

What a ****ing joke.

 

[Napster]

Just said on Sky we have the 10 point deduction and are bottom of the league.

Which is nonsense as if it were to come in it wouldn't happen till next week.

 

[BLUEBLOOD]

Just said on Sky we have the 10 point deduction and are bottom of the league.

Eh ?? But the admin hearing isn't till next week ???????