Breaking News The Nov/Dec Embargo thread

[NZamba Legend]

People will rightly be highly sceptical if and when he posts such things in the future.

Which is a shame because Boy Wonder contributes a lot to this board

 

[NZamba Legend]

Ron has said that he want's his £15M back so if anybody want's to buy the club put the money up and make an offer. If Ron turns it down speak to the Echo and say something otherwise you can shout Martin out as much as you want but it won't effect anything.

It’s £15m shuttled between his many accounts, mainly just ordinary club running costs packaged up as a “debt” to ward off interest from potential buyers. The sum only exists because the ground and club are separate entities and that was Ron’s decision anyway because it works for the development. Stadium rent is pure bull**** when the same guy owns the club and the stadium.

 

[Justleavingwork]

The problem had always been our outgoings exceed our income. If we don’t have games we always in November and December, therefore there needs a “loan” to cover that period and hand in pocket for the rest of the season.

Until we live within our means we will struggle, the CEO and CFO are there to balance the books and the chairman provides extra funding. If the chairman can’t provide the funds then the CEO and CFO are responsible to working out how they can find it and that’s not not paying the tax man

 

[WestyReturns]

Same sh** different day. Expecting a quote from Stan or someone else to tell the naughty fans to get behind the club. The future is great. The stadium is going to rid the planet of covid.

 

[koiman]

if people don't go to games and just protest out side when the can would that help the man just wants to build houses and then he will walk he wants to go down again and also he has done well to get other people in to deflect away from himself remember him getting john main a first class rascal

 

[Userorange]

It started on a Monday with a big tax bill

Do one Ron Ron do one Ron

Next day Stanley brought in old John Still

Do one Ron Ron do one Ron

 

[NZamba Legend]

The problem had always been our outgoings exceed our income. If we don’t have games we always in November and December, therefore there needs a “loan” to cover that period and hand in pocket for the rest of the season.

Until we live within our means we will struggle, the CEO and CFO are there to balance the books and the chairman provides extra funding. If the chairman can’t provide the funds then the CEO and CFO are responsible to working out how they can find it and that’s not not paying the tax man

It’s difficult to live within means when Roots Hall has been disinvested over many years in the belief a new stadium is on the horizon. We can’t make extra revenue because the facilities are in such a state. It’s probably too late now but it didn’t have to be that way. Jesus, we have a whole rotting indoor arena in pieces over at B&L. We even let some of it catch fire we are so negligent. It’s been there for over a decade! Worst thing is Ron is charging the club for renting this **** pit (and I love RH). Ron is a slumlord

 

[Blue Yonder]

Presumably someone tells the National league of a financial misdemeanor and then the National League imposes an embargo. Anyone know why its kept secret from there on in ? Is there a reason clubs under a sanction aren't listed on the National League web site with dates and why the sanction has been imposed. I feel a bit put out that as a supporter of the club and the league supporters seem to be the last to know. It would have saved a lot of speculation and unpleasantness on here.

 

[kentblues]

Blimey - I know you are a loyal fan but trying to twist this in some way to be (even in part) HMRC's fault is a big stretch. If you pay all your taxes on time you don't appear in court or get placed under an embargo- the vast majority of clubs avoid that entirely - of the few that do have troubles they tend to pay and learn to avoid a reoccurrence.

This is 100% down to Ron and his inability to manage the finances properly - bearing in mind SUFC attendances (and therefore income) is way higher than the vast majority of the NL (and most of League 2, some of League 1)

The amount being "low" isn't really relevant at the moment - especially given Ron's ongoing reliance on Lawyers will be eating up those sort of amount at an alarmingly regular rate

Yes I am as much a loyal Southend fan as you are no doubt of your club.
Of course ultimately Ron has to find the money. None of us knows the facts but that wont stop anyone simply making them up to suit either. All I can tell you is I believed an agreed plan was in place with HMRC (as with a number of other clubs due to covid) and that the this has, as reported, come as a surprise to senior people at the club.

It wouldn't be the first time HMRC has moved the goalposts. That is not the same as saying they have. But to suggest I am trying to "twist" something when all I am doing is sharing what I believe to be the situation sums up why a lot of people are getting fed up posting unless they are wearing a hard hat,,

 

[kentblues]

It doesn’t necessarily have to be paid in one lump sum. A Time to Pay agreement can be reached with HMRC where the bill will be paid in instalments.

Of course there’s a couple of issues with that. One - HMRC need to agree to it. And two - we will continue to rack up further VAT liabilities whilst paying off the £200k. Leaving us in the same position further down the line and creating what appears to now be a vicious never ending cycle of money owed to HMRC.

All very true. I thought the club had such agreement, and the senior management at the club believed all was in order. Hence, the surprise. Whether we get to the bottom of it is another matter.

 

[londonblue]

Dont the other directors have a say what goes on at Roots Hall .

From what I understand, no. Ron is in complete control.

 

[Barling Magna]

This was December last year about the same time.

Echo News - Southend United boss Mark Molesley provides embargo update

SOUTHEND United manager Mark Molesley remains unsure when the club's transfer embargo will be lifted. Read more on this story Help with Echo links

www.shrimperzone.com

So the only person in a better position now is.....Mark Molesley at Aldershot with no embargo and on an unbeaten run. A tad ironic.....

 

[Shrimper]

National League South it is then

 

[defender05]

It’s £15m shuttled between his many accounts, mainly just ordinary club running costs packaged up as a “debt” to ward off interest from potential buyers. The sum only exists because the ground and club are separate entities and that was Ron’s decision anyway because it works for the development. Stadium rent is pure bull**** when the same guy owns the club and the stadium.

Weather you like it or not the figure is there, all I'm saying is people keep saying get Martin out and there are buyers out there well there's your starting point £15M plus whatever he values the club etc.

Let's see a few of them being interview by Chris Phillip's, then you could add pressure to sell otherwise it is pointless.

 

[Napster]

So the only person in a better position now is.....Mark Molesley at Aldershot with no embargo and on an unbeaten run. A tad ironic.....

its like rain...

 

[londonblue]

All very true. I thought the club had such agreement, and the senior management at the club believed all was in order. Hence, the surprise. Whether we get to the bottom of it is another matter.

The chances of HMRC agreeing to a payment plan with a company that is a consistent late/non payer is pretty slim I would have assumed.

 

[Benfleet A1]

Ron you ****ing ****, enough is enough now. **** off u little mother ****er

He speaks highly of you.

 

[Medway Blue]

All very true. I thought the club had such agreement, and the senior management at the club believed all was in order. Hence, the surprise. Whether we get to the bottom of it is another matter.

The overdue tax bill that a Time To Pay schedule was agreed for, and this overdue tax bill, are different bills, no? So stands to reason that another TTP agreement is needed.

 

[Southminster Shrimper]

Here is a picture of Southend's future and our new stadium if anyone is interested:

 

[kentblues]

The chances of HMRC agreeing to a payment plan with a company that is a consistent late/non payer is pretty slim I would have assumed.

You assume wrong.
In the end HMRC want their money and go about getting it in the best way they can. We have a history of late payments, but also a history of ultimately paying. How many clubs is it now that have gone into admin now over the years leaving such debts behind- 30? more?
The situation is absolutely lamentable and its at Ron's door to fix whichever way you look at it.