The Trust

[Razam]

After we have received good news from the courts, I don't want create distrust, but I'm just confused about the Shrimpers Trust.

As I understand (please correct me if I'm wrong), the trust loaned £60k to Ron without consultation to it's members. Today, Ron has said ALL debts have been paid - since HMRC are happy with the solvency of the club, and that the statement has been made outside the courts on national media - I can only assume it to be true.

But no statement has been made from the trust that it has been paid. Surely good news like this is shared with it's memebers at least, before being announced by Ron after the court case!

Maybe I've got it all wrong, but first they don't tell anyone they have loaned the money, then they don't tell anyone when the loan has been repaid! I don't get it!

 

[number11]

The trust don't seem keen on sharing info with their members, but I suspect in this case there is no news to report and the loan has not been repaid. If the trust have not been demanding it then the £60k is probably not been classed by SUFC / Ron as a debt at the moment.....

 

[Cricko]

They have not been paid back yet.

 

[OldBlueLady]

I would imagine that as the "loan" was personally underwritten by RM himself that it's not actually being viewed as a club debt, of course this is only MY possible interpretation and it's perfectly possible that I'm completely wrong!

 

[pickledseal]

Statement please Shrimper's Trust.

 

[Cricko]

I would imagine that as the "loan" was personally underwritten by RM himself that it's not actually being viewed as a club debt, of course this is only MY possible interpretation and it's perfectly possible that I'm completely wrong!

That is horse fingy Kay...you are on The Trust committee.....

 

[Napster]

Statement please Shrimper's Trust.

Given that the most appropriate people are travelling back from the hearing, I'm guessing this won't be for a short while.

 

[OldBlueLady]

That is horse fingy Kay...you are on The Trust committee.....

I know which is why I clearly said it is only MY interpretation. As soon as we hear anything definite, I'm sure there will be a statement.

 

[Somerset Ex-TTB]

I think when RM said all debts are paid, he was refering only to HMRC, or any debts that are subjuct to court action. As mentioned on other threads the trust has not been paid, nor the refund of season ticket money, and I am sure that the club has plenty of other minor debts.

 

[pringlejon]

To be paid by ron martin in the next couple of weeks...

http://news.bbc.co.uk/sport1/hi/football/teams/s/southend_utd/8878585.stm

Bottom soundbite.