SUFC: The Future SUFC up for sale

[yogi bear up the cagire]

https://www.standard.co.uk/news/cri...league-southend-carlisle-united-b1084793.html. The thing which worries me is this business of accounts needing to be show. Will RM be able to find the cigarette packet he wrote them on? I joke about it ,........what else is there to do? Looks like everything is coming to a head, probably quicker than we imagined.

 

[TUMBO]

Not heard this. Does it come from NL, ITK or SM?

What an earth does that mean, National League?

 

[kentblues]

See the WUP thread and this article referenced within it for details.

Thank you. Very informative as well.

 

[TJC]

Jeez, just amazes me how we can be picky in prospective owners just because Ron doesn't fancy selling Roots Hall to Steve Nash. Surely he's not in a strong position to pick and choose. He needs to sell yesterday. Just hope either the of the 2 known entities are either close or waiting in the wings to pick up when Ron realises we are on a knife edge.
I fear though, Ron will only realise how bad it is, when its too late!

Just get it done you knob jockey and sell our club! We have days/hours to live - this is real. Not a game of chicken!

 

[gpd]

Thank you. Very informative as well.

"She also committed to providing confidential information on the sale process and detail on how money from a sale would be handled." Would love to see a copy of this evidence.

 

[Medway Blue]

Jeez, just amazes me how we can be picky in prospective owners just because Ron doesn't fancy selling Roots Hall to Steve Nash. Surely he's not in a strong position to pick and choose. He needs to sell yesterday. Just hope either the of the 2 known entities are either close or waiting in the wings to pick up when Ron realises we are on a knife edge.
I fear though, Ron will only realise how bad it is, when its too late!

Just get it done you knob jockey and sell our club! We have days/hours to live - this is real. Not a game of chicken!

Just to lighten the mood a little, I'd like to express my deep pleasure at your use of the term "knob jockey".

I don't think I've heard it since I was about 12. Had forgotten it was even a thing, really.

You're right though, he just needs to get it done now.

 

[TJC]

Just to lighten the mood a little, I'd like to express my pleasure at your use of the term "knob jockey".

I don't think I've heard it since I was about 12. Had forgotten it was even a thing, really.

You're right though, he just needs to get it done now.

Feels like the term was invented for this moment! (and more likely to escape the filters than what was really in my head!)

 

[overseas shrimper]

Chill out mate. I have put what I was told maybe right maybe wrong hence me asking what the people more itk been told . Very aggressive reply helps no one

You don't know Murky well if you think that's aggressive. Just pray he doesn't know where you live.

 

[Andy_S]

You don't know Murky well if you think that's aggressive. Just pray he doesn't know where you live.

This made me chuckle more than it should have.

 

[rlb999]

Question - probably been asked before given that there's 224 pages of thread and counting.

Lots of people saying to Ronald "just sell". How do we know that whoever is buying is any more able to deal with running the club than the guy who is exiting the building? Bury were delighted with their new owner until it became apparent a few months in he hadn't got a clue, and the club quickly folded. My concern is that some well-meaning novice takes over and we're very quickly screwed.

(And before this is decried as a pro-Ron comment, read it again - it isn't).

 

[kentblues]

The only faintly positive thing in all this is that it would appear we actually have funds from somewhere to actually pay players, accountant and legals (weren’t the auditors £50k ish alone)? And in a few days the accounts will be filed and online (no doubt with an 18 rating..)

 

[flangejackrabbit]

The only faintly positive thing in all this is that it would appear we actually have funds from somewhere to actually pay players, accountant and legals (weren’t the auditors £50k ish alone)? And in a few days the accounts will be filed and online (no doubt with an 18 rating..)

They are online now!

 

[Redbridge Blue]

How do we think this all plays out as far as the prospective purchasers are concerned. Does it put them in a stronger position to negotiate? Will Ron have to trim his expectations on purchase price? Would the purchasers even be content if we were relegated to a lower league as the purchase price may be lower?

 

[GDM]

Question - probably been asked before given that there's 224 pages of thread and counting.

Lots of people saying to Ronald "just sell". How do we know that whoever is buying is any more able to deal with running the club than the guy who is exiting the building? Bury were delighted with their new owner until it became apparent a few months in he hadn't got a clue, and the club quickly folded. My concern is that some well-meaning novice takes over and we're very quickly screwed.

(And before this is decried as a pro-Ron comment, read it again - it isn't).

If Ron don’t sell we go bust, if Ron does sell, we might not…you decide?

 

[JD]

Or maybe the clubs banking facilities weren't frozen (I don't think it is always the case) and the bank has just done so. We don't run an overdraft I believe so probably, if so, the bank is being nervous and wanting the comfort of a validation order to continue offering the facility. Guessing but it would fit the facts.

Any payments out (even accounts in credit) are a potential liability to the bank if a WUP has been issued. Allowing a business to carry on using a bank account (when a WUP has been issued) could be seen as the bank facilitating payments which jeopardise the position of creditors - so in nearly all cases a business subject to a WUP would have their accounts frozen to avoid this issue.
A validation order would ease those issues, hence why the club has applied, and been granted, a validation order.

 

[JD]

They are online now!

Can’t wait for the usual subjects to pipe up!

 

[southendkid]

Question - probably been asked before given that there's 224 pages of thread and counting.

Lots of people saying to Ronald "just sell". How do we know that whoever is buying is any more able to deal with running the club than the guy who is exiting the building? Bury were delighted with their new owner until it became apparent a few months in he hadn't got a clue, and the club quickly folded. My concern is that some well-meaning novice takes over and we're very quickly screwed.

(And before this is decried as a pro-Ron comment, read it again - it isn't).

We don't, however given that the club is pretty much dead if Ron stays in charge anyway there's no reason at this point not to gamble on a new owner being better. If they aren't then they're only killing us a few months later than Ron would have killed us anyway.

 

[kentblues]

Any payments out (even accounts in credit) are a potential liability to the bank if a WUP has been issued. Allowing a business to carry on using a bank account (when a WUP has been issued) could be seen as the bank facilitating payments which jeopardise the position of creditors - so in nearly all cases a business subject to a WUP would have their accounts frozen to avoid this issue.
A validation order would ease those issues, hence why the club has applied, and been granted, a validation order.

Agree just wondering if this has been the case previously on our many trips to the WUP? We carried on paying players and other must pay bills at least so either 1. The bank accounts weren’t frozen (not sure it’s mandatory even if wise) or 2. We have simply missed numerous validation orders being agreed previously (which is possible but seems unlikely?)

 

[The General]

From what I've been told by people close to those who know the Kimura chaps, they seem positive things are moving forward and are confident of it going ahead and I don't think they've been shy in that.

As for the Winstone thing, as has been pointed out before by me and others, that was a total non-story and certainly won't be heading up the club in any kind of capacity.

 

[annie1954]

just thinking how bad things are then thinking maybe the blues have turned the corner ron is on his way out , new owners not to far away so thing are looking brighter . and then BANG !! , we get all this s..t today , so please mr ron martin cut your losses get out of our club now before the next disaster you bring to our club goes beyond repair and we loose our football club forever .