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SUFC: The Future SUFC up for sale

Our hopes and visions for the rebirth of Southend United, plus any plans published by the consortium for discussion
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Let’s try and work it out. At a guess the playing budget -lie circa 1million? That’s 83k per month. We know he’s not paying other staff. Where’s the other 316k
Ok it was 2019 but if you include class 1 NIC and pension costs the clubs weekly wage was £120k a WEEK ok that was before relegation to the NL

It is said that the average players age in the NL is between £1-£1.5k a week. A squad of say 20 is going to be al least £20k plus another £2500 for NIC. If you the say 5 support staff including the manager ( there’s going to be more than that ) earning on average £800 a week + £100 NIC you are up to at circa £27k a week or £117k a month as a minimum.

But that sort of number doesn’t include the groundsmen, office staff CEO, bar staff etc then things like the managers car ,mobile phone-so as a minimum I would think you are talking of way over £2 million a year.

I don’t know if many picked up but the rateable value of Roots Hall have gone up from £49500 to £106,000 with the multiplier of £0.51 ( there doesn’t appear to be any transitional relief ) that means buisness rates have potentially gone up from just under £500 per week to over £1k a week.

The problem is that £400k should be treated as deferred income and drip fed into cash flow as the season progresses but almost certainly every £ has been used to fire fight. Some creditors just can’t be ignored because well quite simply they won’t supply goods or services. From the coach company to attending doctors to kit suppliers to beer and catering supplies .
 
Ok it was 2019 but if you include class 1 NIC and pension costs the clubs weekly wage was £120k a WEEK ok that was before relegation to the NL

It is said that the average players age in the NL is between £1-£1.5k a week. A squad of say 20 is going to be al least £20k plus another £2500 for NIC. If you the say 5 support staff including the manager ( there’s going to be more than that ) earning on average £800 a week + £100 NIC you are up to at circa £27k a week or £117k a month as a minimum.

But that sort of number doesn’t include the groundsmen, office staff CEO, bar staff etc then things like the managers car ,mobile phone-so as a minimum I would think you are talking of way over £2 million a year.

I don’t know if many picked up but the rateable value of Roots Hall have gone up from £49500 to £106,000 with the multiplier of £0.51 ( there doesn’t appear to be any transitional relief ) that means buisness rates have potentially gone up from just under £500 per week to over £1k a week.

The problem is that £400k should be treated as deferred income and drip fed into cash flow as the season progresses but almost certainly every £ has been used to fire fight. Some creditors just can’t be ignored because well quite simply they won’t supply goods or services. From the coach company to attending doctors to kit suppliers to beer and catering supplies .
Plus running and maintaining Boots & Laces, RH pitch, physio staff / treatment / equipment, utilties (which have increased exponentially), away game travel and accommodation on longer trips.

The list can go on, I'm sure.
 
Says Ron……

Only the accounts can prove this and they are still…. Unaccountable

nothing has been stolen is not a fact until it can be proven. He said the club had been adequately capitalised so where has it gone?

How is the club loosing 200k a month when we supposedly don’t pay rent for RH and our playing budget is circa 83k a month. We must turn over more than 1million a year

Ron stated RH costs money but the Ceo said the certificates were not a problem in the statement to the shrimpers trust

Would be interesting to know the income we get from the league, parachute money and academy money to try and work out how we come to this mythical 200k a month figure
I think EFL 2 clubs will receive circa £500k per annum NL clubs around £40k.
 
Says Ron……

Only the accounts can prove this and they are still…. Unaccountable

nothing has been stolen is not a fact until it can be proven. He said the club had been adequately capitalised so where has it gone?

How is the club loosing 200k a month when we supposedly don’t pay rent for RH and our playing budget is circa 83k a month. We must turn over more than 1million a year

Ron stated RH costs money but the Ceo said the certificates were not a problem in the statement to the shrimpers trust

Would be interesting to know the income we get from the league, parachute money and academy money to try and work out how we come to this mythical 200k a month figure
Very fair questions..... that are unlikely to ever be answered truthfully.
 
Plus running and maintaining Boots & Laces, RH pitch, physio staff / treatment / equipment, utilties (which have increased exponentially), away game travel and accommodation on longer trips.

The list can go on, I'm sure.

Even silly little things like removal of rubbish, sending officials to league meetings , performing rights licences matchday food for officials opposition players and officials indeed even paying as you say they list goes on
 
Says Ron……

Only the accounts can prove this and they are still…. Unaccountable

nothing has been stolen is not a fact until it can be proven. He said the club had been adequately capitalised so where has it gone?

How is the club loosing 200k a month when we supposedly don’t pay rent for RH and our playing budget is circa 83k a month. We must turn over more than 1million a year

Ron stated RH costs money but the Ceo said the certificates were not a problem in the statement to the shrimpers trust

Would be interesting to know the income we get from the league, parachute money and academy money to try and work out how we come to this mythical 200k a month figure

Others have answered on playing budget etc.

First point - that's not really how accusations work - innocent until proven guilty and all that.

We are charged rent on RH - think it's around £400k per year. We don't pay that - it accrues as debt - but will be part of the circa £2m of losses the club runs up each season
 
Others have answered on playing budget etc.

First point - that's not really how accusations work - innocent until proven guilty and all that.

We are charged rent on RH - think it's around £400k per year. We don't pay that - it accrues as debt - but will be part of the circa £2m of losses the club runs up each season
It’s £450k
 
The club costs £200k + per month to run. The 400k less Vat doesn’t last two months. Nothing has been stolen.
and here we see the madness that is football. £200 000+ per month for a middling non-league team. Is this normal for teams at our level, or are we just big-spenders?
 
in the last published accounts 2019 - free on companies house -

the club turned over 7million.
What is the fetish about revenue? It’s utterly meaningless? There are businesses with a turnover in the hundreds of millions or billions that have gone bankrupt? There are many many clubs in the EFL that have far bigger revenues that are heavily loss making and would be bankrupt without the support of their owners…
 
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Pretty normal

It really is extraordinary how so many believe conspiracy theories that imagine the club as some sort of magic money tree from which riches can be pilfered.

Feast you eyes on Colchester United’s accounts- the only difference, for now, is an owner with large sums of money to waste.. for now

Football clubs are in most part money pits…

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/zpYmIwWxHAbNwh4bHUrLqONoIdrymNPHubVUZOVa5Mw/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3GC3XKQ3C%2F20230518%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20230518T220205Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEDsaCWV1LXdlc3QtMiJHMEUCIAJ4JU599hfS5OV8lM3XvDj9%2Fb5Y%2BDsMYK8g147rXna6AiEA8jsviFfzdwzhNy8Q1JSYAFb4o0jrbPQ9iI1Ck7R2ON0quwUIZBAEGgw0NDkyMjkwMzI4MjIiDLUM3e9nbxqRYy9iySqYBYv9Z5oZCVjOPNOruUR0baM2eNnXY%2Be%2FNsA3xbgoeKeQWR7fFLcWwDyB6VJ%2FKPM9JCnMVKUn4VXj6BmdI1AVm17Ko%2F%2BF2Mhq4OM9cseZTusiXOX1nSLV8jBvYH7RVR5LujeZKYsnKNvTWULqPsZSqDC445bg8NsviFcY%2FuGHFTFbJAcD4UbrdPwIMwxcj%2Fmvyq9Z8eJsDfc9kh%2Bwa6SMZNn4ECTyCGzf9gaRWvETHYbyy%2ByLo1vKgpiLPD9g7ht%2Fp0CwWTuZA4nLAQLhWZr4p4jOPHrB4yljYTC%2BGSRV6s%2B92D%2B5mM4Wq5iEs2kubCQXPQ5wfP7T8IpJ1KjWT6FQO5XEcjinbU8H70YXCIhsFya52gismS5HiHRbRgs36vNOD1%2B9F%2B4STWj47fakNHK4LD7Hk8lAFyzd7X4cVSfOTHiZIRrg2TYcvGUuBENsNoWqcpC8RbyAgtmCog1n%2B1h0SWVm0ePqaq0Jjf%2FJtueTjVWj7Ouq6ZNBv%2F53aevbTk1iN6sotNc%2Fo%2F4VXU%2BKrZb445xlIsfc%2FExF56XcSwmWT3feNnFyHbAi3y3oKJVNvbp%2BfDVt%2FBLDoCsDIdQrV19Je7%2Be%2FbWv%2BgnT1SgtOFqkZRe5IIV4dOcczHNhQ2gIvtBLxAlRxBAFd%2BreBOZSBt9QRwxdUGIWbMi2LwynWUpbaVF%2F5uNAiwFnQUk6s30tvV2GCvuzMjGpqM6siqNyzzfqwfy4togp80RJq3YpDVIOI%2BXKUBEsr7avUag7Sl4pFMJq4fgJ11FnnEoe%2Fl6tvzyNZnbx%2B1o4WdgjTGRJlyr9pvKH1prf7OvKjtqXBrn%2BVo4f601fIylpJNtwR0poBSTFqCKd8O8dhFP7cZ3hYvWnoTvCJGYBHT7e7vswy%2BWZowY6sQGYWEfnOndnZw%2BKfuMe5Ao3Nijz%2Ff44sZPMEBKo%2BlxSkypgFOMErgSA%2Fw48lHqN51A%2FTfcptxF%2FgncG77nC9STDFUPmIqh2fXkv4jQZjywxAurdUhuJ79ZmppB9drPW9N7sKK5U6pXgTYXvH9Ap69q8flfNppLIR1vHpYFWZtzhs7yPDXfmhTxOfjutdHz%2BriPjCfusxfVoFbqONXxy%2BG9kVSBunAvbioN3v6QImiSo7xM%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=a2cbf5c8ade791ae36ee02378b3c13e3db1da8da3c7d39a8aef79b01849aa3a2
 
It really is extraordinary how so many believe conspiracy theories that imagine the club as some sort of magic money tree from which riches can be pilfered.

Feast you eyes on Colchester United’s accounts- the only difference, for now, is an owner with large sums of money to waste.. for now

Football clubs are in most part money pits…

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/zpYmIwWxHAbNwh4bHUrLqONoIdrymNPHubVUZOVa5Mw/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3GC3XKQ3C%2F20230518%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20230518T220205Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEDsaCWV1LXdlc3QtMiJHMEUCIAJ4JU599hfS5OV8lM3XvDj9%2Fb5Y%2BDsMYK8g147rXna6AiEA8jsviFfzdwzhNy8Q1JSYAFb4o0jrbPQ9iI1Ck7R2ON0quwUIZBAEGgw0NDkyMjkwMzI4MjIiDLUM3e9nbxqRYy9iySqYBYv9Z5oZCVjOPNOruUR0baM2eNnXY%2Be%2FNsA3xbgoeKeQWR7fFLcWwDyB6VJ%2FKPM9JCnMVKUn4VXj6BmdI1AVm17Ko%2F%2BF2Mhq4OM9cseZTusiXOX1nSLV8jBvYH7RVR5LujeZKYsnKNvTWULqPsZSqDC445bg8NsviFcY%2FuGHFTFbJAcD4UbrdPwIMwxcj%2Fmvyq9Z8eJsDfc9kh%2Bwa6SMZNn4ECTyCGzf9gaRWvETHYbyy%2ByLo1vKgpiLPD9g7ht%2Fp0CwWTuZA4nLAQLhWZr4p4jOPHrB4yljYTC%2BGSRV6s%2B92D%2B5mM4Wq5iEs2kubCQXPQ5wfP7T8IpJ1KjWT6FQO5XEcjinbU8H70YXCIhsFya52gismS5HiHRbRgs36vNOD1%2B9F%2B4STWj47fakNHK4LD7Hk8lAFyzd7X4cVSfOTHiZIRrg2TYcvGUuBENsNoWqcpC8RbyAgtmCog1n%2B1h0SWVm0ePqaq0Jjf%2FJtueTjVWj7Ouq6ZNBv%2F53aevbTk1iN6sotNc%2Fo%2F4VXU%2BKrZb445xlIsfc%2FExF56XcSwmWT3feNnFyHbAi3y3oKJVNvbp%2BfDVt%2FBLDoCsDIdQrV19Je7%2Be%2FbWv%2BgnT1SgtOFqkZRe5IIV4dOcczHNhQ2gIvtBLxAlRxBAFd%2BreBOZSBt9QRwxdUGIWbMi2LwynWUpbaVF%2F5uNAiwFnQUk6s30tvV2GCvuzMjGpqM6siqNyzzfqwfy4togp80RJq3YpDVIOI%2BXKUBEsr7avUag7Sl4pFMJq4fgJ11FnnEoe%2Fl6tvzyNZnbx%2B1o4WdgjTGRJlyr9pvKH1prf7OvKjtqXBrn%2BVo4f601fIylpJNtwR0poBSTFqCKd8O8dhFP7cZ3hYvWnoTvCJGYBHT7e7vswy%2BWZowY6sQGYWEfnOndnZw%2BKfuMe5Ao3Nijz%2Ff44sZPMEBKo%2BlxSkypgFOMErgSA%2Fw48lHqN51A%2FTfcptxF%2FgncG77nC9STDFUPmIqh2fXkv4jQZjywxAurdUhuJ79ZmppB9drPW9N7sKK5U6pXgTYXvH9Ap69q8flfNppLIR1vHpYFWZtzhs7yPDXfmhTxOfjutdHz%2BriPjCfusxfVoFbqONXxy%2BG9kVSBunAvbioN3v6QImiSo7xM%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=a2cbf5c8ade791ae36ee02378b3c13e3db1da8da3c7d39a8aef79b01849aa3a2

Where is Norris mcwhirter. A record has been broken for the worlds longest web link.
 
What is the fetish about revenue? It’s utterly meaningless? There are businesses with a turnover in the hundreds of millions or billions that have gone bankrupt? There are many many clubs in the EFL that have far bigger revenues that are heavily loss making and would be bankrupt without the support of their owners…
A futile attempt Kent. He’s in Groundhog Day and hasn’t yet realised it.
 
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in the last published accounts 2019 - free on companies house -

the club turned over 7million.
Sounds alot, but for a business the size of SUFC it's not. More interesting is the out goings. 2 million on admin? That's the 200k per month short fall. I'm sure more qualified people on here could look at it and make sense of it!
 
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