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An email from the PFA.

Smiffy

SZ Drinking Champion
Joined
Oct 27, 2003
Messages
16,389
Location
Vanarama National League (Loan)
So, I sent an email off to the PFA yesterday just basically asking for clarification on a few things. This is the response just received.


Dear Lee

The PFA has in a number of similar cases worked with clubs experiencing financial difficulties to ensure their futures.

The club (SUFC) has a number of football debts not only the outstanding loan from the PFA and this is the reason the embargo has been put in place.

The players contract provides either party the option, should they feel the other has committed a serious or persistent breach of the terms of the contract, to give 14 days to terminate the contract, there is the right of appeal.

The club, if they can provide financial assurances to the Football League, will be allowed to bring in a limited number of players to allow them to fulfil their fixtures.

Regards

John
 

Pale Blue Dot

SZPW WORLD CHAMPION⭐
Joined
Jan 23, 2007
Messages
3,930
Location
You probably think I'm in your tape deck now
So, I sent an email off to the PFA yesterday just basically asking for clarification on a few things. This is the response just received.


Dear Lee

The PFA has in a number of similar cases worked with clubs experiencing financial difficulties to ensure their futures.

The club (SUFC) has a number of football debts not only the outstanding loan from the PFA and this is the reason the embargo has been put in place.

The players contract provides either party the option, should they feel the other has committed a serious or persistent breach of the terms of the contract, to give 14 days to terminate the contract, there is the right of appeal.

The club, if they can provide financial assurances to the Football League, will be allowed to bring in a limited number of players to allow them to fulfil their fixtures.

Regards

John

good work Lee
 

Cricko

Zone Owner ⭐
Staff member
Joined
Oct 25, 2006
Messages
32,069
Location
Leigh-On-Sea
Good work Lee...So it seems we owe some other clubs monies for loan players I would think.
 

BLUEBLOOD

Moderator of Moderators
Joined
Sep 22, 2005
Messages
16,223
Location
Southend On Sea
We certainly owe Col Ewe a huge chunk still for White and Heath, and, therefore, I assume Baldwin and Vernon.

I think we should knock those mugs first up, and in the case of Vernon they probably owe us money for taking him

**** taking ******
 

Beefy

Life President
Joined
Oct 27, 2003
Messages
18,901
Location
Old Leigh
No we don't, Our Glorious Leader said as much and was backed up by a couple of rather vociferous posters on here that that was the case...

Oh yeah, I've seemingly destroyed my own argumment there ;)

There's a difference between debt and bills. We don't have much debt (bank loans, etc) but we seemingly do have a huge number of over-due bills.

It's the equivilent of not running an overdraft or having a mortgate but having final demand letters/CCJs from Sky, BT and nPower.
 

Matt the Shrimp

aka Harry Potter
Joined
Oct 27, 2003
Messages
19,929
Location
Lewisham, London
There's a difference between debt and bills. We don't have much debt (bank loans, etc) but we seemingly do have a huge number of over-due bills.

It's the equivilent of not running an overdraft or having a mortgate but having final demand letters/CCJs from Sky, BT and nPower.

Why would we need a mortgage, when we don't even own a home...?

:(
 

Mick

Life President
Joined
Oct 28, 2003
Messages
10,171
There's a difference between debt and bills. We don't have much debt (bank loans, etc) but we seemingly do have a huge number of over-due bills.

It's the equivilent of not running an overdraft or having a mortgate but having final demand letters/CCJs from Sky, BT and nPower.

Excuse my limited grasp of economics but I thought an overdue bill represented a debt.
 

BLUEBLOOD

Moderator of Moderators
Joined
Sep 22, 2005
Messages
16,223
Location
Southend On Sea
Excuse my limited grasp of economics but I thought an overdue bill represented a debt.

Legal terminology i imagine Mick .. a bill is just a bill until it reaches a stage of being so overdue it is sold to a 3rd party for chasing payment at which time it becomes a debt ?
 

colusponge22

Newbie
Joined
Oct 29, 2009
Messages
20
we probably owe u money not just for taking vernon but also heath, once this magical money appears there are plenty of players in our squad u could come and buy up, Cousins GK, Heath DC Perkins MC to name a few
 

J

The Chameleon
Joined
Jul 5, 2004
Messages
7,576
Beefy, when bills go unpaid - they then become legally enforced debts (HMRC) (Deloittes) (Charter) (Trust)
 

Andy_S

Member of the Barry Corr Fan Club
Joined
Oct 25, 2003
Messages
8,946
Location
New Barn, Kent
We're about to receive £225,000 from Charlton for Bailey, so lets hope that pays off one of the major debts.......
 

Hotman

reason, honour, integrity
Joined
Apr 12, 2006
Messages
5,611
Location
Not here
There's a difference between debt and bills. We don't have much debt (bank loans, etc) but we seemingly do have a huge number of over-due bills.

It's the equivilent of not running an overdraft or having a mortgate but having final demand letters/CCJs from Sky, BT and nPower.

Bills become debt if unpaid within agreed terms.
 

Hotman

reason, honour, integrity
Joined
Apr 12, 2006
Messages
5,611
Location
Not here
Legal terminology i imagine Mick .. a bill is just a bill until it reaches a stage of being so overdue it is sold to a 3rd party for chasing payment at which time it becomes a debt ?
No. When someone owes me money for an overdue bill and hasn't given good cause, I don't sell the debt on, but take them to court for the debt
 

Beefy

Life President
Joined
Oct 27, 2003
Messages
18,901
Location
Old Leigh
Beefy, when bills go unpaid - they then become legally enforced debts (HMRC) (Deloittes) (Charter) (Trust)

Absolutely they do. It was obviously a nice bit of spin on Ron's behalf.
 

Eastblack

Coach
Joined
Jan 15, 2009
Messages
705
We're about to receive £225,000 from Charlton for Bailey, so lets hope that pays off one of the major debts.......

Charlton are skint too, I understand, so it would be unwise to consider that money as a given just yet.
 
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