Pre-Match Thread HMRC v SUFC - FINAL hearing on 1st March. DISMISSED

[kentblues]

So with 1 week to go, and after listening the supporters group zoom calls, it seems we should soon be getting a feel for how things are going to pan out.

What I understand is that if the debt is to be cleared, it needs to be paid up (in full or part) before the court hearing on the 1 March. If we pay in full, the court hearing will be cancelled. If we pay in part, we can then enter negotiations for the remainder on the 1st. If we pay nothing, it is very likely will will get wound up.
There is the possiblity of administation.
Not to mention the planning saga and if that is a requirement for the bridging loan! Also all the companies house activities with Jack Martin.
So all but winding up means something has to happen before the 1st March. Can we realistically leave it to 11.59pm on 28/2? Surely Admin would have to be started a day or 2 in advance?

Note the bit linking bridging loan and revised planning is speculation? It was asking the question not giving an answer. Even on the day if he can clearly demonstrate funds are/will be available to pay in the near term then we won't be wound up (but the court will have to believe that the funds are there and see evidence).

 

[hlane17]

Pre Barnet game he will parade around the edge of the pitch on top of a white horse, Putin style (topless) with his hair blowing in the evening breeze, to be greeted by his adoring public

If he tries any such thing I hope his greeting will be in the form of eggs and rotten tomatoes thrown in his direction.

 

[Jai]

If he tries any such thing I hope his greeting will be in the form of eggs and rotten tomatoes thrown in his direction.

I'd like to throw cabbages, hot bovril and gravel.

 

[THE SEVENTIES NORTH BANK]

Have you not heard? There's a shortage of Cabbages, Tomatoes etc.

 

[RHB]

I'd like to throw cabbages, hot bovril and gravel.

What's wrong with good old fashioned splinter grenades?

 

[ThurrockShrimper]

I'd like to throw cabbages, hot bovril and gravel.

Fire! Fire! the Fair's on Fire!

 

[Napster]

Fire! Fire! the Fair's on Fire!

we don't need no water, let the MF burn

 

[Yer Blues]

I'd like to throw cabbages, hot bovril and gravel.

 

[Smiffy]

He'll pay it off with the bridging loan, drawn down this weekend. He'll act like some kind of saviour and we'll promptly get another winding up order in May

You act like this has happened before!

Absolutely spot on with your summary by the way.

Although I would add the caveat that he may not settle the entire bill, but enough of it >50% for the Judge to reluctantly grant further adjournment. Not that HMRC will be entirely happy with that, but we have to remember it's down to the judge, not them.

Either way by hook or crook we should continue after March 1st. At which point our fight as a united fanbase needs to turn to get the stadium underway and furnish us with your exit strategy pronto.

 

[Shrimper]

You act like this has happened before!

Absolutely spot on with your summary by the way.

Although I would add the caveat that he may not settle the entire bill, but enough of it >50% for the Judge to reluctantly grant further adjournment. Not that HMRC will be entirely happy with that, but we have to remember it's down to the judge, not them.

Either way by hook or crook we should continue after March 1st. At which point our fight as a united fanbase needs to turn to get the stadium underway and furnish us with your exit strategy pronto.

But...I didn't do anything?

 

[class]

I'd like to throw cabbages, hot bovril and gravel.

At least throw onions, they can then be collected and used in the burgers.

 

[gpd]

At least throw onions, they can then be collected and used in the burgers.

But we cant throw turnips, as they are being seen as a solution to all the food supply issues. Turnip soup, turnip pie, roast turnip, turnip encroute, bake it, saute it, turnip on a BBQ etc etc (see Forest Gump and shrimps and simply replace with turnips!)

 

[Hadleigh-shrimper]

Still no actual news getting worried

 

[Callum]

I saw Ron Martin on his white horse riding to the court to claim victory on the payment lol

 

[Yorkshire Blue]

I’m hardly defending him I’m simply stating a fact that the debt is from covid. Equally your comment about missing the payment is a fact. You saying I am backing Ron is an opinion off of the back of me stating what are facts.

Except it’s not a fact.

Immediately prior to lockdown we were under an embargo for at least three months due to not being able to pay creditors as and when debts fell due. We know this as Sol Campbell signed Paddy Osadebe and Theo Vassell but was unable to register them to play due to an embargo.

These are not new problems that arose through Covid. It is a continuation of the situation that existed before and was not addressed. Post-lockdown we continue to operate at a loss (according to Ron/Tom) and so this will continue to be a problem until something drastic happens.

 

[C'mon you Shrimpers]

I think Tom has already said that break even to making money from the new ground would be when the north stand is built so the reality is that a rocky road will continue for some time. The first flats completed are IIRC for rent so that income stream will be limited.

 

[JAL]

I think Tom has already said that break even to making money from the new ground would be when the north stand is built so the reality is that a rocky road will continue for some time. The first flats completed are IIRC for rent so that income stream will be limited.

Money is released to us once the stadium project has started, we will have somewhat better stability throughout that process.

 

[C'mon you Shrimpers]

So thinking about this and the many issues that will relate to the build I estimate at least another 4 years of SZ being in meltdown.

 

[C'mon you Shrimpers]

Money is released to us once the stadium project has started, we will have somewhat better stability throughout that process.

Hope so. I just pray for a bit of stability. Still there's not been much of that ever in my 60 plus years of support.

 

[RHB]

So thinking about this and the many issues that will relate to the build I estimate at least another 4 years of SZ being in meltdown.

Some on here will very likely implode before that time-span concludes!