Pre-Match Thread HMRC v SUFC - FINAL hearing on 1st March. DISMISSED

[sufcfed]

amazing, HMRC firstly accept that the loan ''WOULD'' come, now they are happy it will ''LIKELY' come

Unbelievable to be honest.

 

[David Icke]

How much do we actually owe HMRC?

 

[Southminster Shrimper]

LOL. Don't expect that 5 million any time soon. Perhaps spring? 4032

Good ol Ron

 

[hlane17]

Reckon the 28th Jan is going to be a bit lively...

 

[dusterman]

amazing, HMRC firstly accept that the loan ''WOULD'' come, now they are happy it will ''LIKELY' come

Unbelievable to be honest.

Just want their money really

 

[hlane17]

amazing, HMRC firstly accept that the loan ''WOULD'' come, now they are happy it will ''LIKELY' come

Unbelievable to be honest.

Not their call to make. If the judge is satisifed then not much they can do.

Next time really is the LAST time. When the court marks a hearing as final, they mean it.

In the meantime, RM out. Shout it from the rooftops.

We may not have been before, but we are now in Bury and Macclesfield territory. I seriously hope the Trust will treat it as such.

 

[kentblues]

42 day adjournment granted. The judge has accepted that a loan of around £5m is likely to arrive at the club between now and the 1st of March. The next hearing has been marked "final".

The £5m number is the eye opener. That kind of sum would clearly represent that long mentioned "recapitalisation" of the club beyond just paying HMRC, outstanding sums and keeping us going for 2-3 months.

 

[Shrimper]

How much do we actually owe HMRC?

£1.2m was rumoured

 

[Hadleigh-shrimper]

Begs the question why can’t we have the loan now pay the staff and settle the bill

 

[amsemp]

So if the bridging loan doesn’t arrive by 1 March, we’re ****ed. If it doesn’t go to plan we can look forward to an end of transfer window fire sale and Ron liquidating every asset he can get his hands on. Never a dull day eh.

 

[Dubai]

Great news on the £5m due, that’ll pay the debt and keep us going for a while until we get the work underway.

Great work Tom & team.

#inronwetrust

 

[kentblues]

£1.2m was rumoured

I heard £1.4 but then it is growing..

 

[hlane17]

So if the bridging loan doesn’t arrive by 1 March, we’re ****ed. If it doesn’t go to plan we can look forward to an end of transfer window fire sale and Ron liquidating every asset he can get his hands on. Never a dull day eh.

If it isn't in place, SUFC is gone completely. Won't even make it to the end of the transfer window.

 

[Rob1920]

The £5m number is the eye opener. That kind of sum would clearly represent that long mentioned "recapitalisation" of the club beyond just paying HMRC, outstanding sums and keeping us going for 2-3 months.

Not if we already owe £4.75m in unpaid tax and wages, which wouldn’t surprise me..

 

[Shrimper]

Is the £5m from an external lender?

Or will it be released as part of the Training Pitches completion? Thought that was delayed?

 

[kentblues]

Begs the question why can’t we have the loan now pay the staff and settle the bill

This is the important question really. One wonders if a smaller loan would not have been easier and quicker. I suspect its a case of he can't risk not borrowing enough and a repeat. So he's borrowing sufficient to ensure the club is funded longer term. In a way thats good- but certainly some clear assurance of how we ensure staff are paid in the short term (i.e. Jan pay cheque). The monies would arrive for the March payment?

 

[The Big Dady]

Breaking News -

Match drawn

HM Revenue and Customs 0 Southend United 0

Replay to be played within 42 days.

 

[Whispering Bob]

That was by the skin of our teeth. Report to follow (when caught up here).

 

[Always a Shrimper]

How has it come to this. Ground was built by the fans themselves in the 1950s.
When we got into the hands of a property developer I was always concerned.
O DEAR, what a mess.

 

[Blue43]

Some fans need to wake up and stop listening to Ron’s bull****, 1st October statement, the loan will arrive in weeks, not months. A LIE

18th January - still no loan and it’s been adjourned for another 42 days, which if the loan still hasn’t arrived it looks like the clubs gone.

This now means staff will continue to go unpaid, the embargo won’t be lifted until the end of February at the earliest.

Please don’t spout me that crap we don’t need new players this window. The likely hood is we will lose players this month through being sold. Then you have new injuries and suspensions which are also likely unfortunately which will leave us short in key areas.


Nothing will change until Martin has gone for good.