Lee Sinnott Posted July 12, 2023 Share Posted July 12, 2023 5 hours ago, Lee Sinnott said: They will earn yet another reprieve. Hopefully they will face a heavy points deduction for dragging this debacle on for so long... Another reprieve given. Jokers... Quote Link to comment Share on other sites More sharing options...
Glossop Shrimper Posted July 12, 2023 Share Posted July 12, 2023 6 minutes ago, BP1960 said: How is he going to pay the tax bill and pay to run a club in that short time must be a concern. There must be parties who could rescue the club like a local Frank? I hope so. How the Chairman squirmed out of that without paying the tax bill is, well ... A 42 day adjournment is what he wanted, and he got it. The fiasco descends to new depths. I still get to wear my colours, for the moment at least. However, on the pitch, there is still six points up for grabs between Southend and Oldham, so bring it on 1 Quote Link to comment Share on other sites More sharing options...
philliggi Posted July 12, 2023 Share Posted July 12, 2023 1 hour ago, Glossop Shrimper said: I hope so. How the Chairman squirmed out of that without paying the tax bill is, well ... A 42 day adjournment is what he wanted, and he got it. The fiasco descends to new depths. I still get to wear my colours, for the moment at least. However, on the pitch, there is still six points up for grabs between Southend and Oldham, so bring it on Is there tho? At this moment in time i dont see how southend start the season No proof you can fulfill it in its entirity, no squad to field. I hope im wrong but i dont see how the NL let you continue Quote Link to comment Share on other sites More sharing options...
BP1960 Posted July 12, 2023 Share Posted July 12, 2023 35 minutes ago, philliggi said: Is there tho? At this moment in time i dont see how southend start the season No proof you can fulfill it in its entirity, no squad to field. I hope im wrong but i dont see how the NL let you continue Don't think they can play until medical insurance has been paid. Quote Link to comment Share on other sites More sharing options...
Glossop Shrimper Posted July 12, 2023 Share Posted July 12, 2023 18 minutes ago, philliggi said: Is there tho? At this moment in time i dont see how southend start the season No proof you can fulfill it in its entirity, no squad to field. I hope im wrong but i dont see how the NL let you continue Agree. You and I understand adversity, and where there is adversity there is hope. Perhaps strenuous but as a fan, any fan, hope sometimes prevails. Under the same Chairman, pre season to our 2010 FL2 campaign we had 5 registered players and no manager. So desparate we'd have signed Mr.Blobby if he could kick a ball. Paul Sturrock joined us days before our first game against Stockport. A rank and file team of new signings and academy players also started the game. We drew 1-1 thanks to an injury time equaliser scored almost poetically by his son Blair. We stayed up that season. Father and son firmly entrenched in Shrimper folklore. I guess come August if we have to play the kids to make a team, we will. Do he NL want to eject another team? Sentiment only, I hope not. The NL may start to look like a graveyard for culling teams. As of today, if the courts can give leeway to the Chairman to carry on, we can get a team onto the pitch. 1 Quote Link to comment Share on other sites More sharing options...
Ritchierich Posted July 12, 2023 Author Share Posted July 12, 2023 Very sad to see this and I guess the NL meeting tomorrow is now far more important than the court hearing. I think the NL will basically say Southend must start the season (and obviously to do that will need certain things like medical cover etc) or they’re thrown out. If they just allow the Shrimpers to delay the start of the season whilst they sort themselves out that would surely dilute the credibility and integrity of the league? In many ways this may be the best ruling for the fans as it would hopefully force their dickhead owner to make a deal with someone to ensure they start the season…otherwise he has nothing to bargain with (although he may not care) I am a little surprised, having read a lot of their fans forum today, that they don’t seem to have had the same level of fan organisation and “pressure groups” that we had with the Athleticos, PTB and BPAS etc as well as help from others like the Blackpool supporters group Quote Link to comment Share on other sites More sharing options...
GlossopLatic Posted July 12, 2023 Share Posted July 12, 2023 (edited) Can't help feeling that a takeover will go through on the 23rd of August at 11:59pm. It seems this going to be dragged out for the maximum period of time. I do wonder in instances like this if the The FA/EFL/NL could effectively step in and seize the club from the owner at time like this, be temporary owner for a period of say no more than 3 months then effectively auction the club off. It would just stop bad owners from dragging out the process. Although I'm not sure of the legalities of stuff like this and how it would fit into UK corporate law. Edited July 12, 2023 by GlossopLatic Quote Link to comment Share on other sites More sharing options...
Ritchierich Posted July 12, 2023 Author Share Posted July 12, 2023 40 minutes ago, GlossopLatic said: Can't help feeling that a takeover will go through on the 23rd of August at 11:59pm. It seems this going to be dragged out for the maximum period of time. I do wonder in instances like this if the The FA/EFL/NL could effectively step in and seize the club from the owner at time like this, be temporary owner for a period of say no more than 3 months then effectively auction the club off. It would just stop bad owners from dragging out the process. Although I'm not sure of the legalities of stuff like this and how it would fit into UK corporate law. That’s pretty much the Administration law so it can be done but it would need a complete change of EFL or NL membership rules and owners agreements…..but I do agree, this kind of crazy ownership can’t go on Quote Link to comment Share on other sites More sharing options...
LightDN123 Posted July 13, 2023 Share Posted July 13, 2023 8 hours ago, Ritchierich said: That’s pretty much the Administration law so it can be done but it would need a complete change of EFL or NL membership rules and owners agreements…..but I do agree, this kind of crazy ownership can’t go on The issue with Administrators trading a football club is that Administrators should only trade the company if it’s at a benefit to creditors, i.e they are able to generate a trading surplus, given football clubs run at a huge loss this not realistic. Alternatively the Administrators could trade the company at a loss if they believe the continued trade would yield a larger sale price. Obviously this comes with the usual risks of any sale agreement. If the EFL/NL/FA did take over for a period of 3 months who would fund this period and what happens if a sale is not agreed in that period ? Not a realistic solution to me. 2 Quote Link to comment Share on other sites More sharing options...
TheBigDog Posted July 13, 2023 Share Posted July 13, 2023 Statement from the chairman, Ron Martin: ”For complete transparency following my statement in March, my intention has never been to make money out of the sale of Southend United. In addition, I have no intention of seeking the return of my substantial investment in the Club over the last 25 years. The terms for the sale of the Club are: Share purchase 70.6% for £1 3 years rent free at Roots Hall unless the club gets promoted in which case, we would charge 50% of the rent under the lease.” Quote Link to comment Share on other sites More sharing options...
Ackey Posted July 13, 2023 Share Posted July 13, 2023 10 hours ago, GlossopLatic said: Can't help feeling that a takeover will go through on the 23rd of August at 11:59pm. It seems this going to be dragged out for the maximum period of time. I do wonder in instances like this if the The FA/EFL/NL could effectively step in and seize the club from the owner at time like this, be temporary owner for a period of say no more than 3 months then effectively auction the club off. It would just stop bad owners from dragging out the process. Although I'm not sure of the legalities of stuff like this and how it would fit into UK corporate law. I don't really follow it, but isn't that what's been happening in Rugby Union? And I feel like broadly speaking it has gone terribly? Quote Link to comment Share on other sites More sharing options...
basilrobbie Posted July 13, 2023 Share Posted July 13, 2023 23 hours ago, GlossopLatic said: Can't help feeling that a takeover will go through on the 23rd of August at 11:59pm. It seems this going to be dragged out for the maximum period of time. I do wonder in instances like this if the The FA/EFL/NL could effectively step in and seize the club from the owner at time like this, be temporary owner for a period of say no more than 3 months then effectively auction the club off. It would just stop bad owners from dragging out the process. Although I'm not sure of the legalities of stuff like this and how it would fit into UK corporate law. The only body that could do this would be the High Court, because what you are describing there is essentially the role of a Receiver. It's effectively what happened at Blackpool after Oyston failed to meet the schedule of payments stipulated by the Court. The leverage that the NL have is to chuck Southend out of the league, or penalise them with a heavy fine (unlikely, as they won't pay it) or a points deduction. If we had an independent regulator this could be addressed via licensing conditions. But we haven't. 1 Quote Link to comment Share on other sites More sharing options...
Ritchierich Posted July 14, 2023 Author Share Posted July 14, 2023 It really doesn’t look like we’ll be in Southend on the 05th https://twitter.com/CustardSplatPod/status/1679885470401015810?s=20 Quote Link to comment Share on other sites More sharing options...
yarddog73 Posted July 14, 2023 Share Posted July 14, 2023 11 minutes ago, Ritchierich said: It really doesn’t look like we’ll be in Southend on the 05th https://twitter.com/CustardSplatPod/status/1679885470401015810?s=20 I think we will, I thought the pitch would have been in even worse state than that tbh with the hot weather we've had. Quote Link to comment Share on other sites More sharing options...
daniel Posted July 14, 2023 Share Posted July 14, 2023 Cancelled their friendly tomorrow. Unable to fulfil a squad. Quote Link to comment Share on other sites More sharing options...
True Tic Posted July 14, 2023 Share Posted July 14, 2023 39 minutes ago, Ritchierich said: It really doesn’t look like we’ll be in Southend on the 05th https://twitter.com/CustardSplatPod/status/1679885470401015810?s=20 It looks like it’s been tiered Quote Link to comment Share on other sites More sharing options...
disjointed Posted July 14, 2023 Share Posted July 14, 2023 1 minute ago, True Tic said: It looks like it’s been tiered Which is worrying, It's supposed to be a football pitch not a fucking wedding cake. 1 Quote Link to comment Share on other sites More sharing options...
100milesaway Posted July 14, 2023 Share Posted July 14, 2023 Would have thought very little chance of game going ahead. Quote Link to comment Share on other sites More sharing options...
L1onheartNew Posted July 14, 2023 Share Posted July 14, 2023 1 hour ago, True Tic said: It looks like it’s been tiered Looks like the North Stand half way through demolition 1 Quote Link to comment Share on other sites More sharing options...
L1onheartNew Posted July 14, 2023 Share Posted July 14, 2023 1 hour ago, disjointed said: Which is worrying, It's supposed to be a football pitch not a fucking wedding cake. Looks like the wedding guests have been on the mower at the reception. I now pronounce you Bury'd The fit and proper process needs to be completely overhauled. I have no idea how, but it needs to involve annual solvency tests in some form or other. 11th hour reprieves are becoming the norm rather than the exception. Quote Link to comment Share on other sites More sharing options...
kev1970 Posted July 14, 2023 Share Posted July 14, 2023 I see York are doing bucket collection for the unpaid staff at Southend nice touch. 3 Quote Link to comment Share on other sites More sharing options...
Ritchierich Posted July 19, 2023 Author Share Posted July 19, 2023 Does anyone still think this match is happening and if it does, will anyone still get down to it given the late notice and zero information from the club (or anyone for that matter)? (and yes, I realise this pales into insignificance when compared with SUFC possible demise but the crazy thing is there could have been an extra £20k in their coffers from Latics fans alone) Quote Link to comment Share on other sites More sharing options...
Dave_Og Posted July 19, 2023 Share Posted July 19, 2023 1 hour ago, Ritchierich said: Does anyone still think this match is happening and if it does, will anyone still get down to it given the late notice and zero information from the club (or anyone for that matter)? (and yes, I realise this pales into insignificance when compared with SUFC possible demise but the crazy thing is there could have been an extra £20k in their coffers from Latics fans alone) The extra £20k is pretty irrelevant if they can't field a team. I'll be there if it's on as it's my nearest game. Can't think of any information we can reasonably expect from the club. Quote Link to comment Share on other sites More sharing options...
Ritchierich Posted July 19, 2023 Author Share Posted July 19, 2023 I was thinking about having a coach or two provisionally lined up (surely must be possible) etc Quote Link to comment Share on other sites More sharing options...
Dave_Og Posted July 19, 2023 Share Posted July 19, 2023 Tickets are currently on sale for Bishop's Stortford Vs Southend this Saturday. Maybe that means BS are confident that the game will take place. Quote Link to comment Share on other sites More sharing options...
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