National League statement - 24 June 2024

[Colchester and proud!]

I think this is the leagues way of trying to bring this sorry saga to a close one way or the other, they are trying to force both sides into a corner to complete a deal before there is nothing left to argue over.

 

[Tommy2holes]

Has any other club been in a state like ours for so long?

Plenty of clubs and had much larger debts and cheated fair play and financial regulations.

 

[Morty01]

So, we either have no league until next season, or we don't exist at all.

 

[Shrimpermattp]

This is an important part:

The bond shall remain in place until the sooner of (i) an ownership agreement with the consortium currently in talks with the Club being successfully concluded, to the satisfaction of the National League and the FA; or (ii) the Club demonstrating, to the satisfaction of the National League, that is has sufficient financial resources within its own means to meet its financial obligations for the forthcoming Season.

I read that as - if Ron sells to the JR et al, then we won’t have the pay for £1m bond and we all can move on. I read it as forcing the Rats hand?

 

[Leeboy]

I wonder if the consortium have got the NL onside and have requested they give the rats a bit of a hurry-up.

hmmm…. never thought of it like that

keep that glass half full

 

[Hampshire Shrimp]

It amazes me that Southend United FC is allowed to be dragged through the mud and penalised because we have an owner that doesn`t give a toss about the club and financially has ruined it.

It doesn`t rain it pours.

 

[palexander]

Plenty of clubs and had much larger debts and cheated fair play and financial regulations.

Such as? I genuinely am not sure...?

 

[Ricey]

How is accepting a club that may not fulfil it's fixtures or be able to pay their staff safeguarding their league? We are all annoyed but I really don't think they have a choice. On the outside the position is awful.

Of course we are the ones that suffer and we are all feeling it but clubs can't just get away with things because corrupt, cretinous owners will/have taken advantage.

Last season we were in that position, outside of the WUP what evidence is there that we wouldn’t be able to fulfil fixtures and pay staff? Correct me if I am wrong but all wages are currently up to date!

 

[Yer Blues]

https://twitter.com/x/status/1805303489465098352

If this is indicative of the type of improved communication with the fan base, trumpeted at the cliffs pavillion, then I am disappointed.

Bearing in mind that they used the press to get out their message about the conditions/deadline/requirements and it'd now 7.30pm on the Monday following the deadline, I don't think it's wrong to expect something tangible.

 

[Clarky176]

I read that as - if Ron sells to the JR et al, then we won’t have the pay for £1m bond and we all can move on. I read it as forcing the Rats hand?

No, it means the £1m will not be given back until the sale is complete. I think if they put it up, and the deal doesn’t go through, they don’t get it back.

 

[kentblues]

So if an ownership agreement with the Consortium is made to the satisfaction of the league, then no Bond required. In someways this pushes Martin to get the deal done, it’s clear the league don’t want him involved any longer

And the NL statement fails to mention a date..so probably as I say sale must conclude before start of next season- so no point SCC suggesting 8 weeks for DD- they have may 5-6 for everything DD, external audit and signing contracts.

 

[jphfitz]

I read that as - if Ron sells to the JR et al, then we won’t have the pay for £1m bond and we all can move on. I read it as forcing the Rats hand?

Exactly how it reads to me.

 

[DirtyBeats]

The rationale for COSU sticking around just seems to ebb away every day now. It's close to the end now. Whatever the end is.

 

[Dave Smiths Love Child]

I read that as - if Ron sells to the JR et al, then we won’t have the pay for £1m bond and we all can move on. I read it as forcing the Rats hand?

Exactly as I read it

 

[Rooster79]

Unfortunately I think this could be the final nail in the coffin.. I really hope I’m wrong but this just seems like something we can’t/wont be able to provide. I think we are f*cked!

 

[Tommy2holes]

Such as? I genuinely am not sure...?

Portsmouth were woeful
Leeds
Bolton didn't even play a final fixture
Derby
Luton

A few examples

 

[thenobster]

That’s it.. fat lady clearing her throat.

 

[Ricey]

Portsmouth were woeful
Leeds
Bolton didn't even play a final fixture
Derby
Luton

A few examples

The Bolton one if I remember correctly was a joke.

 

[Shrimperborn1957]

So our Club does not have a pot to p*ss in and the National F*cking League want £1,000,000 as financial insurance so we can start the season. If you wrote a novel using our clubs history people just would not believe it.

 

[Jedi Shrimper]

I read that as - if Ron sells to the JR et al, then we won’t have the pay for £1m bond and we all can move on. I read it as forcing the Rats hand?

I’m sure that’s their intention but not sure it’ll work that way.