Echo News Southend United given go-ahead to pay £300,000 to football creditors

[Evening Echo]

SOUTHEND United have been given the go-ahead to pay football-related debts so they can remain in the National League.

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[RHB]

Who, exactly are the Football related creditors, and does it include our staff?

Why is everything at the moment so half baked without decent details? Christ, I'm grumpy!

 

[Barling Magna]

Well, good news of a sort I guess.

 

[Supershrimper]

Who, exactly are the Football related creditors, and does it include our staff?

Why is everything at the moment so half baked without decent details? Christ, I'm grumpy!

Surely everything is a football related creditor. The only business of Southend United is football, therefore (in my simple head) everything is a football related debt??

Would really like the Echo or the club to give a list of all the debts and justification as to why it is / isn't a football related debt. More for us simple folk who will be outside Mr Martins house tomorrow with the pitch forks.

 

[Floval Flyer]

Surely this is the logical way forward.

HMRC need SUFC to survive to get paid, for the club to survive we need to maintain our League presence, need to retain the players. So paying creditors will facilitate this process…

Next steps?

Lift the embargo, meaning the club is a sustainable (as possible) asset. This will drive a potential sale, but in the interim the squad need to be strengthened.

Hopefully so common sense will prevail, the club is sold. Salary’s are are then the responsibility of the new owners, potentially back dated.

Stumbling block is the value of the club and what goes with it? RH? B&L? FF development? Surely the former two must form part of the transfer of assets?

Mind boggling

 

[BoyWonder2]

Who, exactly are the Football related creditors, and does it include our staff?

Why is everything at the moment so half baked without decent details? Christ, I'm grumpy!

 

[Jedi Shrimper]

View attachment 27529

So the staff have been paid, or will be. Hopefully.

And we’re ok to start the season, if we get the safety certificate?

But we’ll need to clear the HMRC debt to lift the embargo?

 

[RHB]

View attachment 27529

Thanks for that @BoyWonder2, I'm now a lot wiser. Wouldn't it have been nice if that had been part of the Echo article though.

 

[Avl1983]

Does anyone know whether this means we’ll be free of the National League sanctions for now and the season can begin of sorts?

Will we then be under less pressure to get the sale sorted?

I kinda liked the deadline cos it’s all doing my head in.

 

[Supershrimper]

Thanks for that @BoyWonder2, I'm now a lot wiser. Wouldn't it have been nice if that had been part of the Echo article though.

You'd think it would have been something they would have normally done. The Echo loves a bit of copy and paste to flesh out an article.

 

[gatecrasher]

Does this mean the umbongo will be lifted so we can at least sign some players from Canvey Island bench just to fill the squad?

 

[Shrimpet steve]

Told u everything is working its self out! Players are training and playing,embargo be gone soon and new owners! We never go under!!

 

[Billy Bests boot laces]

Does this mean the umbongo will be lifted so we can at least sign some players from Canvey Island bench just to fill the squad?

Alas no.

 

[gatecrasher]

Alas no.

Sod it bring in Freddy and Coxy - Hell I bet Stan could even do a job for 20 mins, can't be any slower now than Josh the sloth Coulson

 

[rlb999]

I don't quite get this. The court has allowed money to be released from our accounts - which means there is money in our accounts. I'd have thought that if a court was releasing money, they'd prioritise HMRC (who have petitioned against us)?

 

[damien]

Sounds like the moves being made after receiving a satisfactory offer

 

[Billy Bests boot laces]

I don't quite get this. The court has allowed money to be released from our accounts - which means there is money in our accounts. I'd have thought that if a court was releasing money, they'd prioritise HMRC (who have petitioned against us)?

I think (?) the NL prioritize club players & management, before the HMRC?. And hopefully the long suffering club staff as well.

 

[Andy_S]

Sounds like the moves being made after receiving a satisfactory offer

You’d like to think, but I think Ron is still being Ron, so.

 

[Mr Browns Ghost]

Sounds like the moves being made after receiving a satisfactory offer

How’s that then ?

 

[Kat_r]

You’d like to think, but I think Ron is still being Ron, so.

More likely needs to pay staff to be allowed to stat the season