SUFC: The Future SUFC up for sale

[BriggBlue]

Which will be paid for by the club. Is visiting his house doing the club a favour?

Does it really matter? There's a good chance the club won't exist tomorrow sp they won't get paid

 

[Tmeister]

I think it's likely that - unless something is announced in the next hour or 2 - Kimura won't be the buyer.

But Ron clearly believes someone will... even if it only means buying the club and not the stadium. That is a much simpler process and keeps us in the game. Ron steps down as Chairman, new owners take over, immediate injection of cash to see us through the new season and catch up with the historic debts. He presumably then gets to keep the houses/flats projected that he was expected to give up.

The club then has to be run profitably. This means we ALL need to support the club as much as possible. We are responsible for a huge part of this clubs income stream. After tomorrow, it will be counter productive to continue a vendetta against RM. He will be irrelevant.

You would hope the new owners would have agreed within the price for the RH rent to be included (or RM to charge but write off the debt as he already has done).

This keeps us in the game until FF is built. Then it's another negotiation which may actually only be about rent. Owning a stadium is ok but it eventually becomes a liability and you have to spend on it annually what you would pay in rent anyway. It's not a disaster.

All Ron has to do is convince a judge of that and I would suggest that he would need firm evidence that a sale was either already agreed or IMMINENT.

The usual minimum time for an adjournment is 28 days but it could be less; however we are entering holiday season so i don't see why it would be less (especially as apparently the NL will agree to the embargo being lifted very quickly).

The only thing I'm not sure about is this £1.5m debt that materialised after agreeing the price. I'm presuming that any new bidder knows about this already (and if they don't, I'm not sure I'd be confident about them being in charge anyway!)

Just my thoughts.

Tbh, I'm not that not that bothered about ff at the minute, I just want someone to save us, yes ff is important later on but not right now, and it's probably ff that's dragging the sale out.

 

[Pak66]

[Mooney wants to leave, was not happy at the end of the season .

Has anyone told Mooney we were not happy with him for most of the season

 

[Hampshire Shrimp]

This might sound wrong, but in a way, I'm glad we are in court tomorrow to focus minds and give us closure hopefully one way on an other. If SUFC were a pet, I think the visit to the vets would have now taken place

I guess there is a chance that it is given a very small adjournment to get a deal over the line, but I don't think that will help. Ron will kick the can down the road until there is no more adjournments.
Sadly, tomorrow needs to be the end of it one way or the other.

Exactly, this is a follow up to a Final WUP, not just like in previous cases for HMRC. The hatred for that deluded, narcissist, is going to go off the scale.

Why has it got to this by one mans greed for more wealth?

 

[fredheim_holm]

The only hope I'm holding onto here is that Simon Jackson hasn't yet removed his Wallop Instagram post yet, I'd imagine that one may get removed once the deal is truly dead and any deadlines have expired (so soon, probably).

 

[danbowen]

I really hope Ron buckles tonight or very first thing tomorrow. That ****ing scummy piece of **** is a ****ing stupid **** and appears willing to take everything down with him.

Do the right thing Ron - accept the offer and **** OFF!

 

[rigsby]

A lot of private security as I drove past.

Police are involved as well. So I'm told

 

[Shrimper]

Doesn't sound good for tomorrow

 

[Smiffy]

I really hope Ron buckles tonight or very first thing tomorrow. That ****ing scummy piece of **** is a ****ing stupid **** and appears willing to take everything down with him.

Do the right thing Ron - accept the offer and **** OFF!

So say we all.

 

[kentblues]

Police are involved as well. So I'm told

The important piece of information being if he is there or not..

 

[Pak66]

Is Con Martin in a bunker in Berlin by any chance?

 

[Sudbury_Shrimpers]

I still hold out hope, Ron likes to leave it to the last minute and I can imagine he'd want to make it as difficult as possible for Kimura if he does agree, he'd love to see them running around trying to get everything in place at the last minute. Lets keep hoping.

The protesters might have something to say …

 

[TJC]

Police are involved as well. So I'm told

Too right. Arrest the barsteward

 

[Morty01]

It's Fuhrer Ron's last stand. Sell the club.

 

[CanveyCastle]

Calm down my friend

My friend , you calm down.

 

[Boreham Shrimper]

That is a big risk for the buyer as they will not own any land for a stadium to be built, they will be held over a barrel on rent on Roots Hall, Then FF if it ever happens

I agree. I am worried if as is suggested the other (sounds like Ron's preferred) bidder doesn't have a significant amount of money. The Martins remain in the background, we'll end up paying rent to their companies, and possibly end up with a stadium (if at all) that will not work for our long term stability and potential profitability.

This feels like another short term fix that stores up more trouble to come.

 

[sufcnum1]

Tbh, I'm not that not that bothered about ff at the minute, I just want someone to save us, yes ff is important later on but not right now, and it's probably ff that's dragging the sale out.

If you were the buyer, were are you going to play games, if someone like Ron Martin holds the biggest card for the future if we live to see Thursday.

 

[TJC]

Hand up if there is anyone that STILL thinks the 12th July isn't important.

 

[Hawkwell Blue]

54 years of support, numerous friends made, no real expectations just a team to represent my town, now city, and make me proud to support my local team. Taken by my Dad, then instilled my love of SUFC into my late daughter, had the best and worst days watching the team and love the club beyond words. And this narcissistic piece of **** is now seemingly ending it all. I will never, ever forgive him.

 

[south247]

It’s possible that the OR would oversee the liquidation but that’s unlikely it would almost certainly be a private company appointment as liquidators

Think I am right in saying the OR has powers under the Company Directors Disqualification Act 1986 to disqualify a director for a period of time from holding office with any company. Moreover, I believe the OR/Government has powers in some extreme cases not only to disqualify directors but custodial sentences can be imposed down the line to the worst offenders where malfeasance has been demonstrated.