Breaking News Ron Martin on SSN--all good news!

[BluesMike61]

Ron said:-

Sainsbury's have underwritten all debts for next 12 months.
All debts have been paid.
He has written to FL at lunchtime--embargo should be lifted this pm.
Contracts to be signed tomorrow.
Sturruck has beeen brilliant--very professional
Very pleased with look of new players
Not building Fossetts to remain in L2--Championship is where we belong.
Understands that fans have been very concerned--his message to us is RELAX!

 

[Cricko]

[video=youtube;bsuXbkrA_AQ]http://www.youtube.com/watch?v=bsuXbkrA_AQ[/video]

 

[Dan]

Its still not over - what happens in 12 months time?

 

[I 8 COLU]

we will all be a year older if we are lucky!!!

 

[Sandbach Shrimper]

Let's worry about that in 12 months time eh...

 

[leeblue]

good shout yes we ok for a year but what then?

 

[Boreham Shrimper]

No word on when Fossetts construction starts? That is obviously important for our longer term survival...

 

[SARF]

I dont think many football clubs have detailed 5 years spending/revenue plans, too much can change in football.. 12 months is a lot better than the 12 minutes we recently had

 

[BrettieAngell]

No word on when Fossetts construction starts? That is obviously important for our longer term survival...

Going through the tender process will be on site soon and will also start knocking down st marys court.

 

[BluesMike61]

"Fossetts in tendering stage"

 

[Clinton Baptiste]

Arise Sir Ronald.

 

[Interpol Shrimper]

Its still not over - what happens in 12 months time?

I will have built up another 365 days contempt and hatred for Ron Martin...

 

[sammyboy]

Never doubted him






















;)

 

[C C Csiders]

"Fossetts in tendering stage"

I ain't travelling to Clacton to watch us.

 

[Ayrshire Blue]

Oh, what's that coming out of the hat?

 

[Cricko]

Telling us to Relax is a shocking statement after what he has put the fans through let alone the players and Tilson these past 2 years.......That bit I hate...it is the words of an egotist.

 

[Absolut Shrimper]

Ron said:-

Sainsbury's have underwritten all debts for next 12 months.
All debts have been paid.
He has written to FL at lunchtime--embargo should be lifted this pm.
Contracts to be signed tomorrow.
Sturruck has beeen brilliant--very professional
Very pleased with look of new players
Not building Fossetts to remain in L2--Championship is where we belong.
Understands that fans have been very concerned--his message to us is RELAX!

"All debts have been paid"

So has the Trust been paid back ? Also, we haven't had our £80 back from buying the season ticket at dearer price, so not all been paid back ????? x

 

[Smiffy]

I've recorded the interview on my mobile, for those that missed it. Will put it up here shortly. Quality aint that good though. Still better than BluesWorld mind!!

 

[Razam]

http://www.skysports.com/story/0,195...291833,00.html

Shrimpers avoid admin threat
Southend will not be deducted points this term

Southend have avoided going into administration after settling their tax debts with the Inland Revenue.
The League Two side were given an additional two weeks by HMRC last month to finally pay off their outstanding debts.

Had an agreement not been reached on Monday then Southend could have been placed into administration, meaning a points deduction.

Chairman Ron Martin has now confirmed that everything has been settled with the Tax office and that their debts are now up to date.

The Shrimpers have agreed a partnership with Sainsburys that will see work begin on a new ground and a new flagship store in the town.

The club have been busy signing new players on pre-contracts and Martin now expects those deals to go through after settling their debts.

Paid off
"We've paid off the entire debt," he told Sky Sports News. "It's a relief all around.
"It was more than a quarter of a million pounds, it was £340,000, so that's now discharged. All the club's debts are now up to date.

"I know the fans have been very concerned and it's probably difficult for them to understand the complexity of the transaction.

"We've now moved on with Sainsbury, who are partnering us with this arrangement. The fans can relax and we can now move on positively.

"I now can confirm that the club's finances have now been underwritten by this partnership for the forthcoming 12 months.

"The embargo should be immediately lifted. We'll then move the pre-contract players to Southend players. They'll all be registered."

​

 

[Beefy]

Its still not over - what happens in 12 months time?

I guess it depends on Sainsbury's definition of "underwriting all debts". If that means that they are basically going to be paying our bills for us as and when they are due then in twelve months we should be ok as we'll be able to use next year's season ticket money in the way that it should be used (ie to cover our cash position during the off season). If they're essentially just giving us short-term lending to meet bills which we can't afford ourselves then we'd be back at square one as soon as we need to start repaying those loans.

The clearest sign of whether our cashflow problems have eased will be when season tickets go on sale. If we try to flog them early like last year then that'll be a very bad sign.