Barry.C
Manager⭐⭐
Perhaps he neednt continue to put in over and above if he didnt take out three quarters of a million a year a year?In a nutshell, this is pretty much where most of us should be thinking. Nice one JD.
Perhaps he neednt continue to put in over and above if he didnt take out three quarters of a million a year a year?In a nutshell, this is pretty much where most of us should be thinking. Nice one JD.
That money doesn't actually go out in terms of cashflow though. It just sits on the balance sheet. It's ordinary operating losses he puts his hand in his pocket to cover.Perhaps he neednt continue to put in over and above if he didnt take out three quarters of a million a year a year?
But it does show on the balance sheet as owed to his companies though, which makes them look much stronger.That money doesn't actually go out in terms of cashflow though. It just sits on the balance sheet. It's ordinary operating losses he puts his hand in his pocket to cover.
Yes but he isn’t physcially taking £750k out of the club every year as was suggested by the poster he was responding to.But it does show on the balance sheet as owed to his companies though, which makes them look much stronger.
Ron continues to charge £450k every year for maintenance and £300k for rent. This is accrued as Debt owed by the club and contributes significantly to our £18m owed and Ron stated in the recent Zoom he sees it as owed to him. Previously he said he would write it offYes but he isn’t physcially taking £750k out of the club every year as was suggested by the poster he was responding to.
You claimed the reason he has to put in so much money every year is because he is taking out £750k a year. But as you have just explained yourself, this is purely a figure that sits on the balance sheet, rather than an actual cash outflow from the club. So it has no bearing on the amount of cash needed to be put in each year.Ron continues to charge £450k every year for maintenance and £300k for rent. This is accrued as Debt owed by the club and contributes significantly to our £18m owed and Ron stated in the recent Zoom he sees it as owed to him. Previously he said he would write it off
He was phrasing it like 'I don't know why the Southend fans are moaning, they aren't bust are they?' He was very condescending to us fans. Don't like the bloke at all.Well we’re not bust are we?
Ultimately it’s Ron’s cash that has been put in, over and above club generated income, and will continue to be put in.
Without the extra cash we wouldn’t be here.
Like it or not it’s a fact.
Before you jump on my comments…..
Has the club income and Ron’s extra cash been spent wisely?
No, of course not.
Ultimately Ron is at fault for the managerial appointments, and lack of control/due diligence.
You claimed the reason he has to put in so much money every year is because he is taking out £750k a year. But as you have just explained yourself, this is purely a figure that sits on the balance sheet, rather than an actual cash outflow from the club. So it has no baring on the amount of cash needed to be put in each year.
Whether he writes it off or not is a separate issue to the point you were trying to make.
More fake news from Barry. Ron will still write it off unless people force him out of the club. Everyone who posts on here would do exactly the same in his position......In fact many would still collect the debt even if FF went ahead.Ron continues to charge £450k every year for maintenance and £300k for rent. This is accrued as Debt owed by the club and contributes significantly to our £18m owed and Ron stated in the recent Zoom he sees it as owed to him. Previously he said he would write it off
What he “charges the club“ is not a cash transaction though is it. It’s a paper debt that will be wiped when the properties at RH and FF are sold.Perhaps he neednt continue to put in over and above if he didnt take out three quarters of a million a year a year?
Haven't heard that comment.He was phrasing it like 'I don't know why the Southend fans are moaning, they aren't bust are they?' He was very condescending to us fans. Don't like the bloke at all.
Everything leads back to companies registered in the BVI.But it does show on the balance sheet as owed to his companies though, which makes them look much stronger.
There’s this useful thing called a delete button you know! ?Apols palealexander that was meant as link to JDs comment
I must be having a senior moment but I went to around the 1:30 mark in this and could only find Jordan and White talking about our situation, not the interview with Ron?Ron starts around 1 hour 30 minute
I must be having a senior moment but I went to around the 1:30 mark in this and could only find Jordan and White talking about our situation, not the interview with Ron?
I must be having a senior moment but I went to around the 1:30 mark in this and could only find Jordan and White talking about our situation, not the interview with Ron?
What he “charges the club“ is not a cash transaction though is it. It’s a paper debt that will be wiped when the properties at RH and FF are sold.