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The sale of SUFC: a chronology

Yorkshire Blue

Super Moderator⭐
Staff member
Oct 27, 2003
Jan 16th - accounts registered for RHL and Elounda, signed by Jack Martin. Accounts for SUFC, Martin Dawn, SEL remain overdue

Feb 27th players finally receive January’s wages.

Feb 28th club statement issued saying monies owed to HMRC under the petition paid in full ahead of winding up hearing next day.

March 1st - charges created over SUFC and RHL (all amounts owing to RHL by SUFC) in favour CBRE Loan Services Ltd. (Was this the working capital injection?)

March 1st - Martin Dawn (Leckhampton) Ltd, a Ron company is wound up over debts (thought to be in millions) to HMRC

March 14th - Martin Dawn plc ceases to have significant control over SEL per Companies House

March 17th - RM announced club up for sale

March 24th - SEL and Mezcal take charges out over SUFC signed by Ron Martin and Gary Lockett relating to a novation of £3,256,166 (SEL) and £9,675,227 (Mezcal) loan agreements on or about this date

April 3rd - HMRC issue latest winding up petition over unpaid tax

April 20th - an Investment Memorandum signed with interested parties

May 17th - HMRC winding up petition adjourned for 56 days (until July 12th) pending a sale. PG Site Services, Engie and an unnamed third party joined it.

May 24th - the Athletic break the news that Kimura are front runners

May 26th - club put out statement stating NDAs and Heads of Terms have been issued to three interested parties but no exclusivity period had been granted.

May 31st - validation order sought and granted by court to allow players and accountants to be paid. Accounts filed for 2020 and 2021.

June 1st - per Matt Slater of Athletic Ron accepts Kimura offer subject to contract

June 5th - NL deadline for paying off HMRC but extension being sought and seemingly granted. Court unfreezes bank accounts, suggesting credible evidence provided of takeover.

June 30th - players not paid June’s salary

July 3rd - players go on strike. They train away from the club.

July 7th - Canvey fixture rearranged with players not training

July 9th - players paid June wages but management, physio and staff remain unpaid

July 12th - 42 day extension granted by Court. Court told payment plan agreed with NPower (personally guaranteed by RM). PG Site Services support extension.

July 13th - NL meet to decide fate.

July 14th - friendly v Billericay cancelled as unable to put out a team

July 15th - RM publishes terms for sale: shares for £1 and 3 years rent free at RH

July 17th - an increasingly desperate RM publishes revised sale terms he could accept: shares for £1, RH for £4.5m over 3 years, training ground for cost

July 20th - Kimura come out and say they’re not right party to lead this but could join other interested parties

July 21st - Court grants permission to pay football debts of £300,000 required to keep National League licence. The sole friendly scheduled at Roots Hall is cancelled - the third such match to go

July 22nd - two weeks before the season starts the club completes their first pre-season match (there had been a previous match behind closed doors) away at NL North Bishop’s Stortford.

July 25th - after the court approved payment on Friday and a three, and in some cases four, month wait for wages long suffering staff are finally paid. The club completes it pre-season programme with a friendly at Isthmian League Canvey.

July 26th - NL issue statement saying football debts satisfied and they’ve issued a licence to allow the club to participate in 2023/24 season subject to (a) HMRC debt being settled in full by 23rd August and (b) no more late HMRC or football debts this season. Failure to do so will result in automatic 10 point penalty.

July 29th - Academy star player Henry Sandat leaves. The youngster who broke through to the first team last season was unable to be offered a professional contract because of the embargo that has been in place since September. Meanwhile there’s no friendly to play. Fans continue to protest outside the chairman’s home.

July 30th - over 100 fans descend on Roots Hall to try and get the stadium ready for the start of the season. The stadium is still without a safety certificate for the coming season with the NL set to rule the next day on whether the opening game can go ahead.

Aug 7th local MP Anna Firth arranged for club to train at Garons whilst problems at B&L resolved. Also raises possibility of fans buying club. Will organise meeting with council and others.

Aug 15th - Echo story that Tara Brady bid but only received an acknowledgment and nothing further elicits statement from Jez Moxey of Worldwide Sports on behalf of a rattled Ron to confirm that discussions on-going with interested parties and cautions serious parties not to speak to local media

Aug 15th - water available again at Boots and Laces

Aug 18th - water disconnected at Roots Hall, putting the next day’s match at risk

Aug 23rd - Judge Prentis grants extension until 4th October, but warns it’s the final one, pending sale to an Australian chap which RM claims in advanced stages of DD. Club statement confirmed it an Australian national was heading a consortium of local businessmen and negotiations were at an advanced stage. Chris Phillips reports the Australian is Justin Rees

Aug 23rd - National League confirms points deduction

Aug 25th - fans protest by throwing tennis balls onto the pitch during 2-0 win v Eastleigh
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Does this need an update for unpaid June wages and players strike?
prob needs another update what with Kimura dropping out, Tara Brady, the magnificent 7 and the mystery Aussies @Yorkshire Blue
There’s only speculation on the secret seven and the mystery Aussies. We don’t know at what stage they are at, who they are, when they became interested etc so where do they fit into the chronology?

Kimura dropping out is already up there.

I’ll add up Tara Brady mainly because it elicited a statement from Ron. It doesn’t particularly add much as it was historical and we don’t knew when and isn’t being pursued.