SUFC: The Future SUFC up for sale

[Sudbury_Shrimpers]

Lots of NL clubs have pre season fixtures on Saturday 1st of July, while we done nothings as it’s 39 days left until the kick off on 5th Augs.

 

[Smiffy]

So are we expecting significantly reduced operating expenses from the new owners?

For sure.

I’d expect the fines alone for various late/non payments, are not insignificant. I suspect they would go quite a way to sorting out the poor staff in fact.

 

[SUFC2008]

how much are we expecting RM to want for the club?

 

[bazzashrimper]

how much are we expecting RM to want for the club?

One billion dollars… ha ha ha

 

[Tampa Blue]

I expect he reimbursed the club

Please tell me that’s irony, I am getting too old to work out when it is and when it isn’t

 

[Medway Blue]

For sure.

I’d expect the fines alone for various late/non payments, are not insignificant. I suspect they would go quite a way to sorting out the poor staff in fact.

• Financial penalties for late/non-existent loan repayments and missed debt installments.
• Interest on loans.
• Payouts for contracts terminated early.
• Legal fees in defence of WUPs and strike-off notices.
• Legal fees for defence in cases of wrongful dismissal and/or breach of contract.
• Payouts in cases of the above point.
• Legal fees for work on Fossetts-related contracts.
• Planning and consultancy fees - not in itself a bad thing, until you consider that 25 years and 4 submitted planning applications down the line and we still don't have a new stadium.

I'm not disputing the case that the club is loss-making at the moment but all other things being equal, I don't think it would take much (i.e. some competence, integrity and accountability) to improve the balance sheet, increase efficiency and reduce the losses.

 

[danbowen]

It seems soooo quiet at the moment. Any chance we can get an idea if we are likely to see a sale this week from any of the ITKs?

 

[meerkat54]

• Financial penalties for late/non-existent loan repayments and missed debt installments.
• Interest on loans.
• Payouts for contracts terminated early.
• Legal fees in defence of WUPs and strike-off notices.
• Legal fees for defence in cases of wrongful dismissal and/or breach of contract.
• Payouts in cases of the above point.
• Legal fees for work on Fossetts-related contracts.
• Planning and consultancy fees - not in itself a bad thing, until you consider that 25 years and 4 submitted planning applications down the line and we still don't have a new stadium.

I'm not disputing the case that the club is loss-making at the moment but all other things being equal, I don't think it would take much (i.e. some competence, integrity and accountability) to improve the balance sheet, increase efficiency and reduce the losses.

Wouldn’t surprise me if it was between 1-2 million but who knows

 

[SUFC2008]

should i be getting excited about 'possible' news that may come this week?

 

[Shrimper1985]

should i be getting excited about 'possible' news that may come this week?

If ever there was a time to...

 

[SeldomSeenShrimper]

should i be getting excited about 'possible' news that may come this week?

I personally would advise that none of us get excited for this week, but maybe just quietly keep an eye on the developments ...

I have no idea what is going to happen, all I know is that hope can kill yah.

 

[Spaceman Spiff]

I personally would advise that nobe of us get excited for this week, but maybe just quietly keep an eye on the developments ...

I have no idea what is going to happen, all I know is that hope can kill yah.

Sage words

 

[Billy Bests boot laces]

The club was struggling for cash but RM being who he is, hired a helicopter to take him and his so called friends to Epsom races and wiped out the SUFC credit card...This is not the only time he has done that. lets not mention his sons wedding .

I well remember when Tara was suing RM for money he was owed that RM turned up on Tara's doorstep at 9am on a Sunday pleading with him not to take him to court.

The man is fake.

I'm not religious, but there is a saying ... 'The good lord punishes those who deserve it in strange ways'.
Hopefully a certain person will get his comeuppance sooner rather than later.

 

[Spaceman Spiff]

I'm not religious, but there is a saying ... 'The good lord punishes those who deserve it in strange ways'.
Hopefully a certain person will get his comeuppance sooner rather than later.

What, you mean like Ron will receive his cheque from the takeover tied to an arrow?

 

[dusterman]

What, you mean like Ron will receive his cheque from the takeover tied to an arrow?

Here’s hoping he gets trottered by a horse.

 

[JIMSDAD]

Perhaps the Benfleet water tower may accidentally topple in a northerly direction?

 

[dannypav]

It seems soooo quiet at the moment. Any chance we can get an idea if we are likely to see a sale this week from any of the ITKs?

You are Bjork and I claim my £5

 

[Ozzer]

This is crunch time with the new season upon us as fans. I feel this week will be make or break for Kev and who stays, who gets paid and how we as a club move forward.
Do i expect an outcome from the sale, don't we all.

RM's tenure has left him and his company Elounda nearly 40 mill in debt on borrrowing against land which was once the clubs.

ELOUNDA LLP filing history - Find and update company information - GOV.UK

ELOUNDA LLP - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

A club he always thought was his future when stealing it for a borrowed 4 mill then saddling the debt back on the club is falling apart... Who on earth pays for all the interest on his failings..for sure it isnt him whilst loading more debt on the club.

I will divulge something that happened during Tara's period as just one example. Tara could not take any more of the way RM worked. The club was struggling for cash but RM being who he is, hired a helicopter to take him and his so called friends to Epsom races and wiped out the SUFC credit card...This is not the only time he has done that. lets not mention his sons wedding .

I well remember when Tara was suing RM for money he was owed that RM turned up on Tara's doorstep at 9am on a Sunday pleading with him not to take him to court.

The man is fake.

I was invited to join Ron etc on a private flight to Manchester for a match against Stockport, which was to include dinner etc. He arrived for the flight so late we missed the dinner. No consideration about anyone else.

 

[Barry.C]

At least we know Ron will be writing off his years of fantasy rent figures as promised and such a wonderful parting gesture that will no doubt redeem faith in him and mankind in general. So no £16 million for a start as he agreed

Thank you Uncle Ron, we all love your generous gesture before you depart to infinity and beyond
#

 

[Ozzer]

Sage words

Especially nobe!