SUFC: The Future SUFC up for sale

[Portuguese Shrimper]

Tomorrow is about a winding up order. It has no relevance to a sale or not.

Wasn’t it recorded that HMRC and other creditors would be paid off on(or before) this date by the proceeds of a sale or by him selling a plot of land(Ron’s offering to the court)? Don’t think any land has been sold so a sale is the likely way of raising money!

 

[North Wales Shrimper]

Is there not an issue here though where the assets are owned by different companies to the one being wound up? We effectively rent it from South Eastern Leisure I thought?

Anything which can be deemed to be of an asset of community value can be protected for a 5 year term. I don't understand why this has not been done before.

The only ACV's in Southend are

• The former SMAC building on Western Esplanade
• The Slipway on Shoebury Common; and
• The Railway Hotel

All were listed in July-September last year so are protected until 2027

 

[Liam AAS]

Is there not an issue here though where the assets are owned by different companies to the one being wound up? We effectively rent it from South Eastern Leisure I thought?

Community right to bid for assets of community value – Southend-on-Sea City Council

Information about how to delay Council disposals.

www.southend.gov.uk

 

[Target man]

"The deals on the table ready to go. Only 1 man delaying things"

If our club dies tomorrow its 1 mans fault.

If he loved the bloody club, he'd take a lesser deal to save it. He's interested in one thing, and it's not Southend United.

 

[Liam AAS]

Anything which can be deemed to be of an asset of community value can be protected for a 5 year term. I don't understand why this has not been done before.

The only ACV's in Southend are

• The former SMAC building on Western Esplanade
• The Slipway on Shoebury Common; and
• The Railway Hotel

All were listed in July-September last year so are protected until 2027

Don't disagree with this but lots of us have had a lot on and helpful planning legislation doesn't tend to make front page news.

 

[The Original Tribal Chief]

Ron will not sell to Kimura and probably never wanted to. He used them to convince a judge to adjourn the previous case. He will be using someone else tomorrow, and I don't believe it's an estate agent from Colchester.

 

[jphfitz]

If the **** hits the fan tomorrow, the Trust must immediately press for Roots Hall AND Fossets Farm to be listed as Assets of Community Value which at least stops the obnoxious toad from selling the land under the noses of the community.

Really good shout. Have shared the post with the group. Seems like something we should do either way to be honest.

 

[basilrobbie]

That's an interesting angle. @Shrimperstrust any thoughts?

We did it for Bloomfield Road in 2014 (five years before the Oyston's were eventually ousted). We still maintain it to this day.

Edit to add - there should be guidance about the procedure to follow and the paperwork you need to complete on the local council website.

 

[Mad Cyril]

Ron will not sell to Kimura and probably never wanted to. He used them to convince a judge to adjourn the previous case. He will be using someone else tomorrow, and I don't believe it's an estate agent from Colchester.

What is your bet?

 

[Target man]

Let's hope he has the worst night's sleep and looks like s##t before the judge tomorrow!

 

[Medway Blue]

Really good shout. Have shared the post with the group. Seems like something we should do either way to be honest.

JP, I suggested this to your dad a couple of months ago. He said it had been looked into but didn't seem like it would do much in this situation. Might be worth another look?

 

[The Original Tribal Chief]

What is your bet?

I don’t know the person’s identity but it’s one of Ron and Jack’s cronies. They are going to bail him out with a view to owning the club and partnering on the property development.

 

[fbm]

Wasn’t it recorded that HMRC and other creditors would be paid off on(or before) this date by the proceeds of a sale or by him selling a plot of land(Ron’s offering to the court)? Don’t think any land has been sold so a sale is the likely way of raising money!

I think you misunderstand me.

Yes, that's what Ron said. He apparently convinced the judge that the monies would be paid by a sale or by him realising family assets (which he may have done; no-one knows. But I doubt it.)

The point is that it is Ron's problem to solve. This is not a hearing about a sale of a company or football club, it's about payment of outstanding monies to 4 different entities.

The judge is simply going to ask if the amount has been paid. If yes, it's dismissed and all is good. The judge doesn't care where the money comes from; that's Ron's problem.

If no, then unless there are extremely good reasons why, then we will we wound up there and then, on the spot, it is timed and we are dead. It will be like having a pet put down at the vet. One minute they are there, then they are not.

The issue will be the reasons why not and Ron may well have (and I hope to God he does) firm evidence from either Kimura or another party that a sale has been agreed or is imminent and any winding up will cause HMRC et al to not receive the monies owed to them. Note - this will not be because someone has shown interest; there will, IMHO, have to be firm evidence that the sale is going through and will complete very soon. Anything else I think is doomed to fail.

It will not be for the judge to force Ron to sell; that is not the judge's job in this hearing. It is simply to decide whether this company is going to be able to pay it's debts or not. It is that straightforward. Nothing else is relevant.

 

[Redbridge Blue]

I have just listened to Ron's press conference again. As well as mentioning a sale of the company he also states that the alternative is bringing on board new investment partners. Could it be that he has found said partners which has enabled him to clear the debts.

 

[Boreham Shrimper]

I don’t know the person’s identity but it’s one of Ron and Jack’s cronies. They are going to bail him out with a view to owning the club and partnering on the property development.

How depressingly predictable.

 

[jphfitz]

JP, I suggested this to your dad a couple of months ago. He said it had been looked into but didn't seem like it would do much in this situation. Might be worth another look?

He has just replied with exactly that mate and had been discussed with the council. The situation may be different now though with recent developments (and certainly if things go wrong way) so worth another look in my opinion.

 

[Sudbury_Shrimpers]

Ron will not sell to Kimura and probably never wanted to. He used them to convince a judge to adjourn the previous case. He will be using someone else tomorrow, and I don't believe it's an estate agent from Colchester.

That won’t happen as the Judge are not that stupid. His flat/apartment plans will goes into the tatters as the council wouldn’t give it a go ahead.

 

[hlane17]

I don’t know the person’s identity but it’s one of Ron and Jack’s cronies. They are going to bail him out with a view to owning the club and partnering on the property development.

Then they can finance the entire gig out of their own pocket. A full and comprehensive boycott should be the only way if this happens.

 

[SeaSideDoughnut]

No matter what we think of Ron Martin, I genuinely cannot understand why some people would favour either liquidation or expulsion from the NL simply to effectively teach Ron a lesson...

If the Judge winds us up tomorrow, it will be timed and that will be that. Done. We are no more.

Ron needs to have something concrete to rely on.

It's cutting your nose off to spite your face and it's exactly the sort of behaviour we would expect from Ron himself.

 

[Yorkshire Blue]

I have just listened to Ron's press conference again. As well as mentioning a sale of the company he also states that the alternative is bringing on board new investment partners. Could it be that he has found said partners which has enabled him to clear the debts.

It’s possible but the water company turning the water off suggests there isn’t currently any money.