SUFC: The Future SUFC up for sale

[dusterman]

He hasn’t

Henners, you’re back. Whassup?!

 

[Userorange]

 

[Flinty]

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That’s a lot of trips to the compost bin !

 

[Colchester and proud!]

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Lots of hard work gone into that well done that man, here is a quick pic of ours taken a week or so ago

 

[danbowen]

Lots of hard work gone into that well done that man, here is a quick pic of ours taken a week or so ago

biggest attendance of the season right there!

 

[Joshy boy]

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The old girl is getting better and better by the day I see…

 

[Mr Browns Ghost]

What happens at these Twitter

I’m under the impression he will … to allow a sale to go though ( basically keeping us alive) that’s what I am inclined to believe ..

Heard from the big man himself whilst you were all eating your breakfast

 

[Shrimper]

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.

Are you the same rob shepp on the Football Forum who is, I think, a Tranmere fan?

 

[fredheim_holm]

From what I hear the payment footballing debts was required to enable us to be allowed to continue in the NL.
players and management owed wages were due to be paid yesterday or today along with other football related outstanding debts. This still leaves us under embargo with players unable to be resigned to play.
A behind closed doors match took place on Tuesday against wetspam u23s at their training ground but this ended up being their 16-18 yr olds because they took loads of their u23s with the 1st team squad. It at least provided some minutes on a pitch (3x25 so as to limit injury possibilities. ) The West stand needs work to get the West usable and obtain the required permissions for attendancies. I hear TL has again been spending many hours doing physical work to the ground to try and somehow get it usable.
hearing that although kimura no longer want to be the main players there are two new interested parties who are very enthusiastic. I don't know more than that, but believe the feeling is they may be more suitable to the club. I
it parts the club will be playing in the NL, but what we can't on the pitch or produce is seriously handicapped with very little proper preperation.

Assuming one of these would be the fantastic five?

 

[Kat_r]

Trying to find out what exactly this means. Staff wages counts under footballing creditors in the regulations. HMRC does not. I can't tell from the stories whether staff salaries are included in the £300k figure. I suspect not.

Aside from that, it is embarrassing to get permission to make payments because thr club is insolvent. Can't continue.

From what I heard staff need to be paid to satisfy the nl.
And hmrc for embargo to be lifted.

 

[Fitz]

So why the court case…is it to allow football creditors to take precedence over the HMRC, so that if these debts are discharged we can continue in the National League. Whereas normally HMRC would take primacy on any payment of creditors?

Who arranges the court case…the club or the league?

 

[Jmayhew32]

As the club is insolvent, the bank account has been frozen. In order to make payments, the club requires permission from the courts, hence the court case. Happened a while ago when the accountants needed paying for the accounts to be filed too. When funds are in place to pay HMRC, I assume we’ll be back in court asking for permission again to pay them.

 

[CM3CUFC]

Will you stop it. With yourself and @Colchester and proud! guy on here, I'm in danger of thinking Colu fans are actually nice!
Seriously though, thats a wonderful gesture.

Ha, sorry about that!!

I think rivalries are (temporarily!) put aside in situations like this.

Anyone, anywhere that follows a team knows what it would feel like if it was their team (and in many cases, how easy it would be for it to happen to their team as well) - wouldn’t want to see that for any fan of any club.

Hopefully the court decision to allow further payments to be made is another positive step towards the situation being resolved and you guys being able to get back to the more mundane matters of being a fan!

 

[Somerset Ex-TTB]

Makes you wonder why none of this has been paid before doesn’t it. Even if some money has magically arrived from somewhere, the staff could of at least have been paid something, even if it was a month or two months salary.

I hope that ’s pants are infested with the fleas of 1,000 camels.

 

[palexander]

Makes you wonder why none of this has been paid before doesn’t it. Even if some money has magically arrived from somewhere, the staff could of at least have been paid something, even if it was a month or two months salary.

I hope that ’s pants are infested with the fleas of 1,000 camels.

If you owe HMRC and under a wup I believe you have your accounts frozen so you can’t be seen to be paying out money when HMRC should be paid first.

So would have to get permission and the courts to allow the freeze on the bank lifted to access funds to pay non hmrc debts.

I don’t know at this point how anyone can think we aren’t completely ****ed tbf.

 

[GIBBO]

If this £300,000 has been or will be paid to allow us to play in the NL. This doesn't pan well for a takeover in the coming days.

This screams at me. It will go on beyond the season kick off? Hope, I'm wrong just looking at everything to do with this takeover and overthinking like every one else.

 

[overseas shrimper]

If this £300,000 has been or will be paid to allow us to play in the NL. This doesn't pan well for a takeover in the coming days.

This screams at me. It will go on beyond the season kick off? Hope, I'm wrong just looking at everything to do with this takeover and overthinking like every one else.

I think anybody hoping for a take over in the coming days has unrealistic expectations. I'd love to be proven wrong, of course. The most important things for me are that we secure our NL participation, we pay off HMRC and add to our squad and we get new ownership with the right buyers.

We probably still need to affect payment of wages and secure the safety certificate for RH to even get to first base.

 

[West Stand]

I think anybody hoping for a take over in the coming days has unrealistic expectations. I'd love to be proven wrong, of course. The most important things for me are that we secure our NL participation, we pay off HMRC and add to our squad and we get new ownership with the right buyers.

We probably still need to affect payment of wages and secure the safety certificate for RH to even get to first base.

I think the comment of getting to first base is akin to how I look at it being a series of hurdles

It would seem that payment of football creditors wasn’t an option it had to happen but and here’s the big but being given permission to pay them at this point in time doesn’t mean they have been paid but there is absolutely no doubt this will have incensed HMRC.

Of course the primacy of football creditors is a fact but only when an Insolvency event has happened and save the comment that has been reported that “ The club is insolvent “ shouldn’t just be dismissed .It wont have been missed by HMRC and don’t be surprised if at the August hearing RM still holds the reigns other creditors seek to join the WUO because the payment of football creditors won’t go down well. It never does .

Getting everything in place for next Saturday is key. There is an incredible amount of administrative and organisation that needs to be put in place for a game but more so for the first home game. The hurdles that will be faced in the next week shouldn’t be underestimated but even if nexts weeks game takes place the hurdles will keep coming

 

[JD]

I hope that ’s pants are infested with the fleas of 1,000 camels.

made me proper chuckle that one did

 

[fbm]

And so it becomes clear why Ron just hasn't been able to just "Pay the wages"...

Everything here is being done to preserve the value of the club so it is able to be sold. This in my opinion is a good thing. If Ron was going to let it go, there would no point in him putting £2m in a few months back, applying for a 42 day adjournment and now this latest development.

We are going to get out of this bit by bit. The first hurdle - obviously - is to make sure there is a club for someone to buy. That is what is happening here, with the assistance of the Courts, thank goodness.

The next stage is to ensure the ground is ready for August 5th. It may not be, in which case I would imagine the Oldham game will be postponed. But that on it's own isn't disastrous. It's being worked on; another positive.

Next, the players. We have 14 registered and can sign 2 more on non contract terms. I'm not sure how injured Lomas and Mooney are as we are told they both want to go. Maybe there are ongoing talks to move them on, but that will result in incoming transfer fees (which will help) and meaning 4 non contract players can join. This won't change until the embargo is lifted.

So this is where things may start to improve... the club will have some more money coming in as the season starts with gate receipts etc. The bank accounts are currently frozen and being supervised by a Court, so anyone who is worried about putting money into Ron's pocket, you can't as he can't access it. To anyone who hasn't yet bought their season tickets, if you do so now you will be helping the club survive, not lining Ron's pockets.

The terms of sale won't change now (at least not in an upwards direction). If this group of businessmen buy, they already know what those terms are and for all we know may well have already accepted them. It's become clear that there is a lot of stuff that has gone on that we don't know about. Buying a football club takes months, it's not like buying a packet of cornflakes. It is not going to be completed any time soon, but if as fans we want to help - genuinely help - we need to stop focusing on the negative that is Ron Martin and start focusing on the positive that is Southend United. We need to help this sale go through. We need to show this consortium exactly what they are buying because believe me, these guys won't be in it because they are SUFC fans, they will at some point want a return and we need to show them that potential by now turning our attention to the new season. The fans have it in their power to get the club out of the embargo. 1000 season tickets at say an average of £300 equals £300k. Boom. Just like that.

The protests have obviously had an effect and the end for Ron is soon. As he said to a Court, "It is coming to an end." They must have previously been shown evidence of something concrete behind the scenes for these adjournments to be granted.

I think we are at a tipping point. Ron has the message. He clearly doesn't want to cling on but I'm not sure anything we can do will accelerate the sale; we will have to let it play out.

It be be a difficult start to the season for sure but, as long as someone buys, we will be ok. Of course, it may all still go Pete Tong but none of us can affect that. We can't make someone buy, we can only hope. And the sooner we get out of the embargo and get players in, the sooner the rebuild starts to happen. We have all been in awe at the loyalty of the management team, I'm sure.

So let's repay them. Let's show them what the club means to us by getting 100% behind them and the players.

COME ON YOU BLUES!