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Mezcal

Forums New posts

bluethroughandthrough

Youth Team
Maybe this has been covered before and posting on behalf of my uncle. He carried out an investigation into sufc finances. He was shocked to confirm that all Ron's companies produce a total negative asset situation in excess of £23,000,000.

The only information not available is For Mezcal Investments Limited incorporated in the British Virgin Islands.

All his company accounts are in breach of the Companies Acts regarding filing accounts.

Does anyone have any details or insight into Mezcal Investments Limited incorporated in the British Virgin Islands?

Also who owns the land and the buildings now ?

Thanks
 
bluethroughandthrough said:
Maybe this has been covered before and posting on behalf of my uncle. He carried out an investigation into sufc finances. He was shocked to confirm that all Ron's companies produce a total negative asset situation in excess of £23,000,000.

The only information not available is For Mezcal Investments Limited incorporated in the British Virgin Islands.

All his company accounts are in breach of the Companies Acts regarding filing accounts.

Does anyone have any details or insight into Mezcal Investments Limited incorporated in the British Virgin Islands?

Also who owns the land and the buildings now ?

Thanks
Click to expand...

I am in no way defending Ron but without this information it sounds like your uncles investigation is incomplete.
 
bluethroughandthrough said:
Maybe this has been covered before and posting on behalf of my uncle. He carried out an investigation into sufc finances. He was shocked to confirm that all Ron's companies produce a total negative asset situation in excess of £23,000,000.

The only information not available is For Mezcal Investments Limited incorporated in the British Virgin Islands.

All his company accounts are in breach of the Companies Acts regarding filing accounts.

Does anyone have any details or insight into Mezcal Investments Limited incorporated in the British Virgin Islands?

Also who owns the land and the buildings now ?

Thanks
Click to expand...
Stalker alert.
 
I really have no idea about anything, so my opinion is probably worthless, but I would hazzard a guess Ron has been concentrating everything on the new developement to the detriment of other projects, and has been borrowing against it for the past couple of years with minimal actual income, hence the huge company debts. I guess there's only so much you can borrow against a project that although likely to go ahead, still seems to be dragging its heels. Maybe the lenders want to see some actual progress beyond a few training pitches before they relax the purse strings again..
 
Rob1920 said:
I really have no idea about anything, so my opinion is probably worthless, but I would hazzard a guess Ron has been concentrating everything on the new developement to the detriment of other projects, and has been borrowing against it for the past couple of years Decades with minimal actual income, hence the huge company debts. I guess there's only so much you can borrow against a project that although likely to go ahead, still seems to be dragging its heels. Maybe the lenders want to see some actual progress beyond a few training pitches before they relax the purse strings again..
Click to expand...

Corrected it for you.
 
sufc4life21 said:
Is there anything we can afford to pay..... this is a joke! This guy really is **** taker of an owner. Southend must be the worst run football club in the UK. I can guarantee players/management team won't be paid this month. Ron will destroy another legend like he did to tilson.
Click to expand...
It will be interesting to see what course of action they would take.
 
BALDY said:
It will be interesting to see what course of action they would take.
Click to expand...
I would say they should refuse to play but as of the moment they have been paid up to date so they aren't effective in that way, unfortunately our hard working staff aren'tas lucky. My bet is the players who have been linked to other clubs may well look to try force move away.
 
Last edited:
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