SUFC: The Future SUFC up for sale

[nevereatwhitesnow]

If it looks Murkey, and sounds like Murkey ....

He’ll make up some rubbish, threaten to turn up at your house and confirm he IS Murkey

 

[BoyWonder2]

 

[Target man]

Some positive news!

 

[JAL]

View attachment 27525

Am I being stupid? What does this mean?

Surely we've always had the 'go-ahead' to pay debts, we just don't pay them?

 

[Jai]

View attachment 27525

Court hearing? Presume to unfreeze our bank account again?

 

[Westcliff DGS]

Maybe RM is paying them so he can sell, lol cant believe i just said that

 

[BoyWonder2]

Southend United given go-ahead to pay £300,000 to football creditors

SOUTHEND United have been given the go-ahead to pay football-related debts so they can remain in the National League.

www.echo-news.co.uk

This explains it a bit better.

 

[JAL]

Southend United given go-ahead to pay £300,000 to football creditors

SOUTHEND United have been given the go-ahead to pay football-related debts so they can remain in the National League.

www.echo-news.co.uk

Okay so by this... it means HMRC is being paid right?

Contracts and signings incoming?

Edit: I know I jumped the gun with the above (positivity overtook, not sure what that is), just presuming the embargo should finally go away?

 

[Westcliff DGS]

Southend United given go-ahead to pay £300,000 to football creditors

SOUTHEND United have been given the go-ahead to pay football-related debts so they can remain in the National League.

www.echo-news.co.uk

Okay so by this... it means HMRC is being paid right?

Contracts and signings incoming?

What happens if he doesn’t pay the staff next week, that would then be a footballing debt. This also means all staff have now been paid has that been confirmed

 

[palexander]

Arent staff considered Football Creditors? They getting paid?

 

[Blue Yonder]

Does 2.5 million total debt tally with what we've been told ? I think it does but
my brain ceased functioning around page 875.

 

[CRATE]

Southend United given go-ahead to pay £300,000 to football creditors

SOUTHEND United have been given the go-ahead to pay football-related debts so they can remain in the National League.

www.echo-news.co.uk

Okay so by this... it means HMRC is being paid right?

Contracts and signings incoming?

Edit: I know I jumped the gun with the above (positivity overtook, not sure what that is), just presuming the embargo should finally go away?

I do not believe, this will remove the embargo yet. This is payments to staff etc and other football matter creditors allowing us to keep our license to play in the National League.

HMRC will still need to be paid to get the embargo lifted! BUT, this is a big step forward.

 

[overseas shrimper]

Southend United given go-ahead to pay £300,000 to football creditors

SOUTHEND United have been given the go-ahead to pay football-related debts so they can remain in the National League.

www.echo-news.co.uk

Okay so by this... it means HMRC is being paid right?

Contracts and signings incoming?

Edit: I know I jumped the gun with the above (positivity overtook, not sure what that is), just presuming the embargo should finally go away?

Looks like the embargo will remain.

 

[JAL]

I do not believe, this will remove the embargo yet. This is payments to staff etc and other football matter creditors allowing us to keep our license to play in the National League.

HMRC will still need to be paid to get the embargo lifted! BUT, this is a big step forward.

Yep, I read it again and realised that counts in the other department for debts, definitely a big step forward and did NOT expect him to pay out money for football related debts.

 

[rshepp]

Yep.

Unfortunately the big issue we have is a seller who really doesn't care about the collateral damage he is doing to the club and its people. All whilst he dithers and delays waiting for the right deal that suits him.

The one crumb of comfort I have is, he has to sell. He is going, we just have to hold our nerve for a little longer, as painful as that is.

Does he have to sell?
If the club goes belly up. He owns RH so he pulls it down in the next 4 weeks and builds his homes.
Now he is quids in.

 

[Yorkshire Blue]

Am I being stupid? What does this mean?

Surely we've always had the 'go-ahead' to pay debts, we just don't pay them?

You’re not normally allowed to favour one creditor over another. The Court seems to have given us special dispensation to favour our football debtors so that we don’t get booted out of the NL (because if we get booted out of the NL the chances of a takeover and the rest of our creditors being paid drops to 0).

 

[rowe23]

I’m confused by this, sorry if I’m being stupid. The football debts, does this include the staff outstanding pay? What about HMRC? Is that included in the £300k?

 

[Westcliff DGS]

Yep, I read it again and realised that counts in the other department for debts, definitely a big step forward and did NOT expect him to pay out money for football related debts.

Staff due to be paid 31st, if he doesnt pay them then it’s another footballing debt

 

[Yorkshire Blue]

Does he have to sell?
If the club goes belly up. He owns RH so he pulls it down in the next 4 weeks and builds his homes.
Now he is quids in.

He doesn’t have planning permission to build at Roots Hall unless he delivers a stadium of equal or bigger size.

 

[Spaceman Spiff]

In addition to the hardship fund, do the trust have other funds that could pay the staff their missing wages? @jphfitz ? We could then continue the fundraising into the season - for example I’d be prepared to pay £100 a month for a few months to the Trust. If others did too we could replace the Trusts funds? Just a thought