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Question Countdown to Armageddon? What’s your prediction for 4th October.
- Thread starter Floval Flyer
- Start date
Swiss Tony
End of the pier show ⭐⭐🦐
Officially they don’t but.
hlane17
⭐
Justin has no history in property at all if you look at his career path. The majority of his experience is in project management,
SUBBlue
Manager
Yes I’ve re-read the NL statement from 26/7, I stand corrected.
As you say it’s just football related debt, thankfully.
“The Club, who can now move forward to commence the season, are also required to fulfil the following conditions:
a. The Club HMRC debt is to be discharged in full by their next court date, 23 August 2023. It should be noted that this remains a requirement from the League even if the court hearing is further adjourned past the 23 August 2023.
b. In addition, having discharged all outstanding Football Creditors, and all HMRC debt by 23 August 2023, it will be a condition of the license to ensure all new or any Football Creditors debts or HMRC debt are cleared on time to the satisfaction of the League at any point during the 2023-2024 season.
Should the above, set out in a or b not be satisfied, the Club will be subject to an immediate and automatic 10 points deduction. This is in addition to any other action deemed appropriate by the League when considering any new debt.”
LCBB72
Manager ⭐🦐
How can he be made welcome at another football club when what he has done to Southend United , goes to show what you can do when your a fellow mason .
LeedsSUFC
First XI
But what? They say ‘we don’t accept it because X reason’
Ron changes X in his plans and it will get approved.
I’m sure a group of fans will try to stop the development, followed by a construction worker saying ‘Move out of my way, I need to earn a living’
And then the group of fans will try to put people off buying, but the houses will be used anyway. Council housing, affordable housing, people that don’t give a **** about football will buy housing.
All these ‘threats’ to boycott Ron’s future business in Southend are overplayed.
Swiss Tony
End of the pier show ⭐⭐🦐
Overplayed it is then Leeds sounds like you know what’s going to happen I’ll leave you to it.
Firestorm
Pedant
But regular reports of spotting newts or japanese knotweed may well slow things up a bit.....
It'sGrimUpNorth
Striker
Yep. That’s what I went for. Same old, same old.
edwardss2
Newbie
People who want to buy a house won't care less what Ron did to SUFC, any more than people using various banks care about their record in money laundering and 101 other things.
I wonder if the electricity company will just send the bailiffs in?
Maybe Ron will pull it all 'out of the hat' at the last moment to look like he saved SUFC?
Ex-SouthendUnitedEmployee
Youth Team
Prediction -
Taxman will get his money on the 3rd Oct, case dismissed on the 4th, to which a new winding up order will be placed on the club as there will be a new looming unpaid tax bill... and we start this whole process again.
Whether the Floodlights will be able to be switched on the 3rd is anyone's guess. Unsure how the bill is disputable.
With Fossetts essentially now dead in the water, it will depend on what's going to protect assets more for Ron... Admin or selling up for a quid and have to admit defeat that there is no pot of gold of a new stadium anymore.
Taxman will get his money on the 3rd Oct, case dismissed on the 4th, to which a new winding up order will be placed on the club as there will be a new looming unpaid tax bill... and we start this whole process again.
Whether the Floodlights will be able to be switched on the 3rd is anyone's guess. Unsure how the bill is disputable.
With Fossetts essentially now dead in the water, it will depend on what's going to protect assets more for Ron... Admin or selling up for a quid and have to admit defeat that there is no pot of gold of a new stadium anymore.
Shrimper
Life President
From my understanding he has to pay HMRC + other creditors or we get 10 points deducted?
West Stand
Striker
Sorry but what about the other debts now attached to the WUO ? Will those creditors withdraw their claim? Will the likes on N Power join the claim ? RM can’t just choose to pay HMRC at this point in time and they certainly won’t be withdrawing their claim as they know there is a chunk of additional due
If N power isn’t paid that potentially would be expulsion due to being unable to guarantee the club can fulfil its fixtures.
Liquidation possibly would protect RMs assets better than Admin due to the fact that there isn’t any nasty football club with a lease at RH.
Be the club sold, goes into Administration or Liquidation RM wont have to find the wages or juggle with his finances.
I am far from sure why at this time people believe FF is “essentially dead in the water “ without a football club to fund nothing changes the issue would be want to do with the stadium if it were built but SCC would be hard pushed not to take over it’s owners have if gifted to them.
West Stand
Striker
there possibly will be more points deductions but that wasn’t the sanction NL said they would levy post 23/8
edwardss2
Newbie
Might there be a rush to be the first to send the bailiffs in, as presumably with administration there will only be pennies in the pound to share. I assume all suppliers who can are insisting on cash on delivery at the moment.
Southstand blue
Winger
To be honest I can see us getting done 10 points again that would be a massive blow to the players I can see relegation again
West Stand
Striker
In terms of debt recovery the likelihood of any any bailiff shipping up is close to zero.
I am attaching a link to the NL rules its at number 13)
How much is in the last accounts in terms of creditors ?
edwardss2
Newbie
My vast knowledge of this comes from an episode of 'Can't Pay? We'll Take it Away' where they went to Swindon FC.
I have a strategy if they do turn up. Fill them up with coffee and let them use the East Stand toilets. They won't be back.
Floval Flyer
Licensed to ill⭐
I wonder if the leccy will really be switched off?
According to the Citizen’s advice;
Gas and electricity companies cannot cut off your supply unless they have first offered you a range of payment methods to help you pay. They must only disconnect your supply as a last resort and they must give you proper notice first.
Maybe Ratty could ask for a pre-payment meter ! LOL!!
Also, your power cannot be disconnected if you;
Are an OAP - Ratty
Have a long-term mental health condition - Ratty
Have severe financial problems - Ratty
So Ratty ? Get on to it!
According to the Citizen’s advice;
Gas and electricity companies cannot cut off your supply unless they have first offered you a range of payment methods to help you pay. They must only disconnect your supply as a last resort and they must give you proper notice first.
Maybe Ratty could ask for a pre-payment meter ! LOL!!
Also, your power cannot be disconnected if you;
Are an OAP - Ratty
Have a long-term mental health condition - Ratty
Have severe financial problems - Ratty
So Ratty ? Get on to it!
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