When will the takeover go through? The Waiting Game...

[Benfleet A1]

It is just frustration and mental torture that we all have to live through with this fiasco.

When will it ever end, it's been going on 20 odd years,

I well remember myself and @Smiffy meeting with the cretin at least 15 years ago listening to the rats bollocks chat. We both walked away saying the bloke is a tosser then.

Yeah, must have been around the same time he gave me and Bob Evans (RIP) the same old bollocks. Bob wanted to thump him, wish I'd let him now.

 

[Colblue]

So if a deal is agreed by COP Friday then the embargo will be cleared/paid and we can prepare for next season by signing players and selling season tickets?

If a deal isn't agreed by COP then Cosu walk as do the council and we're wound up on the 26th June

Is that right?

The thing is what would you do then if you were another one of the major creditors? They will all be watching developments and if the WUP gets paid then you can bet there will be imminently more incoming! Creditors will want to chance their arm of getting paid out in full rather than risk administration when they would only get pennies in the pound paid out to them.
IMO COSU are stuck between a rock and a hard place with this, they will be well aware of the risks in whichever decision they choose to make

 

[Holy Joe]

The thing is what would you do then if you were another one of the major creditors? They will all be watching developments and if the WUP gets paid then you can bet there will be imminently more incoming! Creditors will want to chance their arm of getting paid out in full rather than risk administration when they would only get pennies in the pound paid out to them.
IMO COSU are stuck between a rock and a hard place with this, they will be well aware of the risks in whichever decision they choose to make

I suspect that's why they want to take security for further funds going into the club, because of the risk of more creditors demanding repayment, it's unlikely 'just' another half a million is needed

 

[londonblue]

The thing is what would you do then if you were another one of the major creditors? They will all be watching developments and if the WUP gets paid then you can bet there will be imminently more incoming! Creditors will want to chance their arm of getting paid out in full rather than risk administration when they would only get pennies in the pound paid out to them.
IMO COSU are stuck between a rock and a hard place with this, they will be well aware of the risks in whichever decision they choose to make

From a playing side that doesn't matter. COSU pay, the embargo is lifted, we sign the players we have lined up and then get hit with another WUP, but we have our squad by then!

BTW, did you know pigs can fly?

 

[ColinMorrisWalksOnWater]

We care about the club. I am pursuing this course of action because it’s the one that, if it works, actually helps the club. The deal needs to work, get through planning, achieve funding, and actually start to be delivered before COSU see a penny. Without a deal that works in reality not just on paper, they could end up with control of a club with no assets and no way of achieving financial sustainability.

Just a quick note to say thanks to you for the updates. Appreciate them and keeping everything crossed for the survival of SUFC.

 

[defender05]

From a playing side that doesn't matter. COSU pay, the embargo is lifted, we sign the players we have lined up and then get hit with smiths WUP, but we have our squad by then!

BTW, did you know pigs can fly?

Or other creditors see what is happening and jump on wup now and all of RM debts will have to paid.

 

[ForeverBlue]

I think Ron will let people think he is compliant and the deadline will get moved again. He seems to be making a habit of this kicking the can lark. He wants to keep COSU picking up his bills as long as possible.
Hope I’m wrong and people stick to this deadline

Exactly this

 

[Shrimperborn1957]

So if a deal is agreed by COP Friday then the embargo will be cleared/paid and we can prepare for next season by signing players and selling season tickets?

If a deal isn't agreed by COP then Cosu walk as do the council and we're wound up on the 26th June

Is that right?

I thought the embargo was due to accounts not being submitted. Not the WUP. If correct COSU wont be able to lift it by paying, unless it's a back hander. Am I wrong?

 

[Suffolk Shrimper In Dorset]

Re the club whiteboard, just to mention we've agreed with King Kev that it should be preserved, and maybe at some future point it will be an exhibit in a club museum.

 

[Napster]

If we get deal sorted by Friday @Napster has agreed to buy all members of the Zone a large drink.

I hope everyone likes tap water.

 

[Target man]

I hope everyone likes tap water.

Obviously not happening at Roots Hall then ....

 

[CllrDanielCowan]

But is it likely?

I can’t give you a definitive answer. It depends on what levers can be pulled. We’re doing all we can but it’s not just up to SCC.

 

[Petejames]

I can’t give you a definitive answer. It depends on what levers can be pulled. We’re doing all we can but it’s not just up to SCC.

But Ron’s deadline is still Friday tho yes? Not long now!

 

[Leeboy]

I hope everyone likes tap water.

you don’t buy tap water it’s free - nice try

 

[meerkat54]

I can’t give you a definitive answer. It depends on what levers can be pulled. We’re doing all we can but it’s not just up to SCC.

Thanks for help councillor. We are fully aware who’s court the ball is in.
I’m not meaning to be facetious and you have my full respect.
It’s a difficult and stressful time for all of us.

 

[Booma]

you don’t buy tap water it’s free - nice try

What’s my water bill for then?!

 

[Leeboy]

What’s my water bill for then?!

sshh don’t tell Napster

 

[JB Shrimper]

I can’t give you a definitive answer. It depends on what levers can be pulled. We’re doing all we can but it’s not just up to SCC.

Are the others being at all responsive?

 

[SunSea&Shrimpers]

I can’t give you a definitive answer. It depends on what levers can be pulled. We’re doing all we can but it’s not just up to SCC.

This team is definitely capable of getting play offs then promotion via the play offs. If that were to happen, you can bet your top dollar that the revenue for the city will increase massively. Going back into league 2, a lot of clubs would bring a lot of numbers especially the likes of Gillingham for example (if they are still in league 2 by the time we go up).

 

[annie1954]

Do we take the fact that chairman Ron was seen at the civic centre today as a good sign ? Can’t imagine he was there sorting out his council tax