LBBlue
Manager⭐
It is certainly possible to legally extract funds from a company you own. It is called dividends. However whilst Ron (through his companies) may be the majority shareholder he is not the sole shareholder and to my knowledge Southend United Football Club Limited haven’t declared any dividends for some time.
Directors can also receive salary and loans and and other benefits but these would generally need to be approved by the board and/or members and disclosed in the accounts. Directors are also under various legal duties to act in the benefit of the company, declare conflicts of interest etc.
The lack of published transfer fees makes it hard to make comparisons. Every transfer is now undisclosed. It also means there’s no sure way of checking whether those that that claim to know are actually right or just spouting bollocks.
The lack of published accounts makes it even harder .. now two years behind past the 9 months deadline. South Eastern Leisure the majority share holder in SUFC ltd was nearly struck off in April.