Official Match Thread HMRC v Southend United Winding Up Order

[MisterStubbs]

Another 42 days worth of pain and suffering coming our way. It’s only going to get worse from here I fear. That’s if the NL don’t expel us from the league first! I can’t see how we can possibly be allowed to start the season without any real squad, no training facilities (that we can use at least) and players/staff still unpaid.

 

[londonblue]

What do you mean by NPOWER agreement signed RM personal guarantee signed ?

Did he definitely sign this one?

 

[West Stand]

Someone will correct me but I think we can only bring players in to make up the numbers on a non-contract basis

Yep that’s right

 

[hlane17]

View attachment 27260

Motivated to sell, that's a good one

 

[thenobster]

You wouldn't let an animal suffer for this long. Please, put us out of our misery

 

[ElliotAWS]

Did he definitely sign this one?

Not the wow signing I was hoping for this summer if so

 

[southend_aussies]

Hastily taken notes from court just now:

Judge stated 275k unpaid, been no payment.
HMRC stated that supposedly two witness statements were received yesterday, but claim only received one.

Ron seeking 42 day adjournment to complete sale or funding.
Ron representing himself.

Supporting creditors including npower now agreed and signed payment plan.
PG Site Services agreed to support adjournment and PG Site Services representative in court said they are confident the 42 days will be sufficient.

Ron claims debt has gone from 900k to 300k since initial hearing, confident of arranging funds.

Adjournment requested by Ron is to allow new owners to submit and pass the owners and directors test with FA which can take time.

“Think we’ll complete sale by then but definitely complete the funding” — Ron

HMRC says timescale is speculative and depends on third party outside of control of the company.

Judge stated it had been made clear to the court that even if the sale doesn’t go through that 42 days will be sufficient to raise funds.

No mention at all of a final warning so I imagine Ron will think he can play these cards again in 42 days and get away with it.
Ron exited very quickly with fans confronting him asking him why he’s killing the club.

Tom said he’s selling it for a pound.

Someone mentioned Ron said they will release a statement at 5pm tonight.

If he’s selling it for a pound, he is definitely going to sell it to his son.

 

[Whispering Bob]

PG Site Services agreed to support adjournment and PG Site Services representative in court said they are confident the 42 days will be sufficient.

Aforementioned pal said RM was ******* up to two guys from PG before the hearing.

 

[JCB]

Part of me wishes we were just put out of our misery today. Going to be a painful heartbreaking few weeks ahead

 

[THE SEVENTIES NORTH BANK]

How can they give him 42 days! Unbelievable

Because as I stated last week, their number one goal is to try and get the money owed. The last thing they want to do is wind up a football club. So the judge will issue threats, like last chance, etc, etc. But also fall for any hint of proof that the debts could be payed if this or that happens.

 

[Dutch Branch]

42 adjournment and the debt increased. We are in a worse position than yesterday. Our fate would now appear to be in the hands of the NL.

 

[West Stand]

wasnt sure on the contract part, but that makes sense so will also be minimal wages i assume

Non contract players can only be paid expenses which are very limited . If you agree to pay a player a fixed sum , say £200 a game, under the agreements between the FA and HMRC they are deemed to be contracted players

 

[Nestudas]

So is this Ron saying, over to you Kimura you have another 42 days to meet my demands?

 

[defender05]

Hastily taken notes from court just now:

Judge stated 275k unpaid, been no payment.
HMRC stated that supposedly two witness statements were received yesterday, but claim only received one.

Ron seeking 42 day adjournment to complete sale or funding.
Ron representing himself.

Supporting creditors including npower now agreed and signed payment plan.
PG Site Services agreed to support adjournment and PG Site Services representative in court said they are confident the 42 days will be sufficient.

Ron claims debt has gone from 900k to 300k since initial hearing, confident of arranging funds.

Adjournment requested by Ron is to allow new owners to submit and pass the owners and directors test with FA which can take time.

“Think we’ll complete sale by then but definitely complete the funding” — Ron

HMRC says timescale is speculative and depends on third party outside of control of the company.

Judge stated it had been made clear to the court that even if the sale doesn’t go through that 42 days will be sufficient to raise funds.

No mention at all of a final warning so I imagine Ron will think he can play these cards again in 42 days and get away with it.
Ron exited very quickly with fans confronting him asking him why he’s killing the club.

Tom said he’s selling it for a pound.

Someone mentioned Ron said they will release a statement at 5pm tonight.

Does that part mean that the second group has been accepted or is he just expecting the Kimura deal to still go through.

 

[londonblue]

Really? What about when I posted my info earlier today confirming 42 days was already sortwd

Because it couldn't be. Ron didn't make a deal with the judge. It might be that agreement had been reached with PG SS that they would support an adjournment, but that doesn't mean it was confirmed. It wasn't confirmed until the judge said so.

 

[rigsby]

Sounds like Ron has had to leg it from an angry mob

 

[Nestudas]

42 adjournment and the debt increased. We are in a worse position than yesterday. Our fate would now appear to be in the hands of the NL.

Debt has gone from 900k to 300k hasnt it?

 

[londonblue]

So is this Ron saying, over to you Kimura you have another 42 days to meet my demands?

I doubt it. I suspect Kimura will walk away now. I hope I'm wrong, but I doubt it.

 

[Tampa Blue]

If he’s selling it for a pound, he is definitely going to sell it to his son.

No, it was always a £1 with the main transaction being the recapitalization of the balance sheet and debt payments

 

[palexander]

Almost feel like i WANT the NL to expell us.

Cant believe or understand how he keeps getting away with it.