RAT MARTIN'S OFFSHORE STASH

[kentblues]

Very. Thank you once again KB

Two things keep coming back to my mind.

1 - there certainly seems to have been USD 6.150.000 (approx £4.5 million) in that account at some stage, so where did it come from/ how did it get there / what did it relate to ? If not the fraud case just the profit on another deal with a party who was already based offshore ?

2- IF there is money in that account, having got it there, Ratty doesn't want to bring it back onshore- a) it could raise a lot of questions b) he'd have to pay tax on it. So far better to get someone else to pay his bills for him as part of the deal and to hell with the club if no-one does.

No doubt, as part of the DD, he'd have had to open the Mezcal accounts for scrutiny. So if there's nothing to hide he might as well just publish them to remove any lingering element of doubt. He wouldn't want to find himself on Panorama would he ?

But we don’t know there was ever £4.5m in that account. That was net income not cash - so there may have been no cash at all as discussed previously.

By all means carry on digging. As I said the prize is probably not worth the chase.

 

[kentblues]

I thought in that charge document it’s stated that they were the lender as well as security agent .

Irrespective that £9 million is very much the significant handcuff for anyone going forward as my reading is that this document links Roots Hall Ltd and you would assume therefore the lease between SUFC and Roots Hall this all goes round in a circle

It won’t be a handcuff to the buyers because I suspect it’s part of the debt he has promised to write off when the club is sold for £1.
Quite possibly the lenders are group companies and the purpose of the charge is to position Mezcal in case of administration. After all that’s the purpose of the other charges also.

 

[Napster]

It won’t be a handcuff to the buyers because I suspect it’s part of the debt he has promised to write off when the club is sold for £1.
Quite possibly the lenders are group companies and the purpose of the charge is to position Mezcal in case of administration. After that’s the purpose of the other charges also.

Yeah that’s what I believe

 

[CC51DAS]

But we don’t know there was ever £4.5m in that account. That was net income not cash - so there may have been no cash at all as discussed previously.

By all means carry on digging. As I said the prize is probably not worth the chase.

And as mentioned before, if it wasn't actual cash but an inter-company debtor, it would most likely have been to the benefit of another RM company.

Maybe some of the fighting fund can be used for a forensic accountant ?

If this club 'dies' next week, this will not go away, no matter how trivial the prize. There is a point of principle here.

The fanbase has lots of good connections and this could still be elevated further in the media and elsewhere.

For instance, it will not have escaped your attention that the Governer of the B.V.I is ultimately answerable to King Charles and it is the British taxpayer who is responsible for maintaining the defence of the B.V.I.

How ironic would it be that thousands of law-abiding, tax-paying fans are deprived of their favourite pastime, beacause one man failed to pay his dues ?

 

[Holy Joe]

Very. Thank you once again KB

Two things keep coming back to my mind.

1 - there certainly seems to have been USD 6.150.000 (approx £4.5 million) in that account at some stage, so where did it come from/ how did it get there / what did it relate to ? If not the fraud case just the profit on another deal with a party who was already based offshore ?

2- IF there is money in that account, having got it there, Ratty doesn't want to bring it back onshore- a) it could raise a lot of questions b) he'd have to pay tax on it. So far better to get someone else to pay his bills for him as part of the deal and to hell with the club if no-one does.

No doubt, as part of the DD, he'd have had to open the Mezcal accounts for scrutiny. So if there's nothing to hide he might as well just publish them to remove any lingering element of doubt. He wouldn't want to find himself on Panorama would he ?

I doubt mezcal accounts would be part of DD. The other activities of mezcal have nothing to do with the buyer of SUFC, SEL and RH

 

[Beefy]

Where does Mezcal sit in the overall company structure? If it is a parent could that £4.5m not be consolidated up from lower in the Group?

We're operating on way too little information to know either way. My guess is that Ron Martin has access to a LOT less money, onshore or offshore, than he likes to give the impression that he has.

 

[Napster]

Where does Mezcal sit in the overall company structure? If it is a parent could that £4.5m not be consolidated up from lower in the Group?

We're operating on way too little information to know either way. My guess is that Ron Martin has access to a LOT less money, onshore or offshore, than he likes to give the impression that he has.

Mezcal owns SEL now.

 

[Napster]

Mezcal lent the club 1m in 2006. SEL also owes Mezcal 3.5m.