Transfer Embargo, Winding Up Petition & Staff Salary Issues

[yogi bear up the cagire]

And people still think he’s the right man to run this club.!

I think hardly anyone believes him to be thé 'right man' to run the club. A lot more believe that, for the moment, we have, unfortunately, little say in this matter.

 

[hlane17]

Rumour has it now the full amount is due as the agreement lapsed it is over 1 mill.

It was warned that TTP agreements were only temporary and HMRC would call a close on anyone who couldn't cough up the money in due time.

 

[manor15]

Rumour has it now the full amount is due as the agreement lapsed it is over 1 mill.

The biggest worry is who in their right mind would lend Ron 1 mill. to pay it off. I wouldn’t lend him 10p.

 

[Supa Shrimpa]

who in their right mind honestly thinks us getting wound up is a good thing? seriously!!!! what a bunch of morons! Yes Ron will be gone but the club will be nothing and we will be a lot lower down the football pyramid.

I'd rather you didn't call people with opposite opinions, morons. There is a case for having no debt and being able to live within our means.

Please explain to me how this 3 sided stadium is going to help SUFC survive another 100 years ?

 

[londonblue]

View attachment 22509

At least we now know the embargo will be lifted around the 9th.10th of November. Probably too late for Dackers though.

 

[londonblue]

And people still think he’s the right man to run this club.!

Who does?

 

[AustScullyPriorPowell]

Could the club organise/release a Corporate Bond, raising money to get the club stabilised and invest into the new ground project

Say a term of 5 years where the £ plus interest would be paid back following the residential revenue stream

Would people invest ??

 

[Supa Shrimpa]

Could the club organise/release a Corporate Bond, raising money to get the club stabilised and invest into the new ground project

Say a term of 5 years where the £ plus interest would be paid back following the residential revenue stream

Would people invest ??

No. I don't think people would. They're not THAT bothered. Many bought shares in the club and look what happened to those

 

[rootshall rambler]

I think we’re just tired of the Ron out brigade who are not offering any credible alternative.

Brinksmanship with the taxman. We’ve been there so many times it’s boring. We know the script.

Sorry to hear that you’re tired, …………but take your tired weariness, and times that by a multiple of about a million, and you might begin to grasp the depth of frustration, anger, sadness, desperation, depression and resentment that the “Ron out brigade” feel. Perhaps if there were a more united front, instead of so much weak passive acceptance and downright apathy, we might all arrive at a workable solution.
The stooges and apologists are only prolonging the agony on the slow journey to our inevitable demise. No true fan could possibly have one iota of support for the dark shadow that drags us down like a ball and chain.

how bad does it have to be before the fools from the “in Ron we trust” camp finally come to their senses ??

 

[AustScullyPriorPowell]

No. I don't think people would. They're not THAT bothered. Many bought shares in the club and look what happened to those

This would be longer term investment, help the club plus get some financial benefit following the completion of the ground

The Bond would be managed by a regulated body, Not Ron

 

[Supershrimper]

Little timeline for people on this using known dates

• 22/09/2022 HMRC place a petition to wind up Southend United over unpaid tax
• 22/09/2022 Southend Echo article about unpaid backroom staff emerges
• 30/09/2022 Rumours of a certain tropical fruit drink that resides in the Congo circulate.
• 30/09/2022 PG Site Services put out a facebook post withdrawing their support and sponsorship of the club because of financial dishonesty.
• 01/10/2022 Club put up a statement regarding the HMRC issue stating a bridging loan has been agreed but not yet complete
• 03/10/2022 Club statement regarding main shirt sponsor PG Site Services confirming the relationship remains strong and looking forward to working together for the at least 2 and a half years.
• 13/10/2022 Winding up petition makes its way to The gazette (15 working days which is the usual time from submitting a petition to appearing for all to see)

 

[Massimo Giovanni]

If a buy out happened would my shares be worth 2p?

Like @ORM it is an exasperating situation that has been discussed and chewed over time and again.
Very rarely does getting angry or insulting, abusive help a situation.

And from all I have read there is no credible buyer that wants anything more than to asset strip the club and make the profit Ron has mortgaged his "empire" on.

 

[Supa Shrimpa]

This would be longer term investment, help the club plus get some financial benefit following the completion of the ground

The Bond would be managed by a regulated body, Not Ron

I totally see where you're coming from, but I get the feeling the vast majority of SUFC supporters are sick to death with it all, and would rather pay their gas bill with the funds.

 

[Stan33]

Maybe, just maybe it’s time we let it go. Sufc is like an old pet you don’t want to die, yet hope for a miracle cure.. but then after a period of grieving, you get a new one. Find memories of the old one… but you invest all your time in the new one. ‘Here boy’.. let’s look forward to afc Sufc

Quite a good analogy !

 

[pottster]

Does the club have any assets, apart from players? I mean from the point if view if its wound up, is there anything to pay off the debt?

 

[Stan33]

Could the club organise/release a Corporate Bond, raising money to get the club stabilised and invest into the new ground project

Say a term of 5 years where the £ plus interest would be paid back following the residential revenue stream

Would people invest ??

Would u

 

[hlane17]

Does the club have any assets, apart from players? I mean from the point if view if its wound up, is there anything to pay off the debt?

If they're winding up the football club entity itself rather than the myriad of companies that moves the actual money about, then I think the answer would be no.

The only thing left is the SUFC name and brand I believe, happy to be corrected by someone more knowledgeable though.

 

[Shrimper]

The biggest worry is who in their right mind would lend Ron 1 mill. to pay it off. I wouldn’t lend him 10p.

He'll lend it to himself. Paper debt

 

[TJC]

If a buy out happened would my shares be worth 2p?

Like @ORM it is an exasperating situation that has been discussed and chewed over time and again.
Very rarely does getting angry or insulting, abusive help a situation.

And from all I have read there is no credible buyer that wants anything more than to asset strip the club and make the profit Ron has mortgaged his "empire" on.

Sadly, I think you are right. Once Fossetts Farm and Roots Hall has been milked for all its worth, the club becomes a sink without a plug hole. No amount of liquid gold poured into the sink will stick around.
The club is only attractive with the land sites that Ron holds. How many offers have we had to take on the club alone without FF and RH being part of a deal?

 

[Supa Shrimpa]

He'll lend it to himself. Paper debt

I'm not sure there's a piece of paper with that amount on it, to move across