SUFC: The Future SUFC up for sale

[Liam AAS]

This thread is nearly 3 months old. Superb value.

 

[Barry.C]

This thread is nearly 3 months old. Superb value.

Only another month to go then ?

 

[Dave Smiths Love Child]

Only another year to go then ?

Edited for truth

 

[Liam AAS]

Only another month to go then ?

D'oh

 

[* ORM *]

Anyone trying to discuss corporate law, DD etc at the pub would quickly have found themselves drinking alone.

Some great pubs around Lincoln’s Inn Fields

 

[Dave Smiths Love Child]

Some great pubs around Lincoln’s Inn Fields

The ship is very old and quaint to visit

 

[The General]

Anyone trying to discuss corporate law, DD etc at the pub would quickly have found themselves drinking alone.

So thats why I'm always drinking on my own in a pub then...!!

 

[Andy_S]

So thats why I'm always drinking on my own in a pub then...!!

Might not be the only reason, Kev?

 

[in the know]

For what its worth....from what I heard in the last few days, its happening, but most likely to be completed in the first couple of weeks of July.

 

[dusterman]

For what its worth....from what I heard in the last few days, its happening, but most likely to be completed in the first couple of weeks of July.

Might need to go hibernate. Like waiting for Christmas as a kid this…

 

[dusterman]

Does anyone know what this NL date we need to hit before 12th July is that Wolfy and other ITK have hinted at?

 

[Smiffy]

Does anyone know what this NL date we need to hit before 12th July is that Wolfy and other ITK have hinted at?

That's our return to court date. Everything will need to be wrapped up sale wise and debts paid by then.

 

[Yer Blues]

That's our return to court date. Everything will need to be wrapped up sale wise and debts paid by then.

Is that strictly true? I don't think the 12th July court date is listed as "final"?

 

[Medway Blue]

Does anyone know what this NL date we need to hit before 12th July is that Wolfy and other ITK have hinted at?

I don't know of any dates, but I've heard whispers of a bond being requested from the club by the National League. Trying to do a bit of digging to find out if it's true, so don't take my word on it, but it wouldn't be a shock as there is precedent for it and it is very much by their book. Gateshead had to pay one of £200k in 2018/19 in order to be allowed to compete in the NL.

If true and £200k+ is the amount, you'd have to question where that is coming from without new ownership.

 

[dusterman]

That's our return to court date. Everything will need to be wrapped up sale wise and debts paid by then.

Yeah HMRC wise but there’s been tweets saying there are other dates we have to hit for NL before this last bastion?

 

[Petejames]

Yeah HMRC wise but there’s been tweets saying there are other dates we have to hit for NL before this last bastion?

Must be dates for release and retained lists… also a date for everyone to be paid up staff and creditors? As well as Hmrc

 

[Avl1983]

I don't know of any dates, but I've heard whispers of a bond being requested from the club by the National League. Trying to do a bit of digging to find out if it's true, so don't take my word on it, but it wouldn't be a shock as there is precedent for it and is very much by their book. Gateshead had to pay one of £200k in 2018/19 in order to be allowed to compete in the NL.

If true and £200k+ is the amount, you'd have to question where that is coming from without new ownership.

Am I right in thinking this is basically a guarantee of however much to prove we can afford to compete next season?

 

[Medway Blue]

Am I right in thinking this is basically a guarantee of however much to prove we can afford to compete next season?

Essentially, yes. The National League will play it by the FA Standardised Rules. Relevant ones are:

4.12 In the event of any issue concerning the membership of any Club with the Competition the Board may require a Bond to be paid by or on behalf of the Club on such terms and for such period as it may in its entire discretion think fit.

11. FOOTBALL CREDITORS
Where a Club defaults in making any payments to any Football Creditor, the Club shall be subject to such penalty as the Board may decide, including, but not limited to, an Embargo; a points deduction; a Bond; a suspension; or any combination thereof.

 

[bazzashrimper]

And the academy players, all ages. I heard they are not able to sign elsewhere until end June, unless a fee is paid. After that - they can walk for free.

 

[dusterman]

Must be dates for release and retained lists… also a date for everyone to be paid up staff and creditors? As well as Hmrc

Yeah perhaps but Wolfy did seem adamant that it was NL pushing this deal, nothing else, so strange that no one appears to know what is. Could be the bond @Medway Blue is investigating.

Just concerns me that it could be another big dat that’ll sneak up on us fans like the accounts debacle.