What would administation give us

[Firestorm]

The course of Administration (which I think is unlikely anyway) would be dictated by the Administrator, not the failed previous Chairman.

Its dictated by the creditors in reality and SUFCs biggest creditor is ......

 

[fbm]

Its dictated by the creditors in reality and SUFCs biggest creditor is ......

Exactly this.

 

[Jam_Man]

I think people really need to get rid of the idea of administration being a good thing that will resolve all our problems.

Even if it wiped our debt and we managed stay in the league we would still be losing money every month.

 

[Tangled up in Blue]

The course of Administration (which I think is unlikely anyway) would be dictated by the Administrator, not the failed previous Chairman.

That is certainly my understanding of the situation.I would also agree that's it's unlikely.But where's there's life...

 

[Jam_Man]

That is certainly my understanding of the situation.I would also agree that's it's unlikely.But where's there's life...

The administrators act in the interest of creditors though, and thats Ron Martin.

 

[Tangled up in Blue]

The administrators act in the interest of creditors though, and thats Ron Martin.

I thought Sainsbury's were our main creditors these days?

 

[chapperzUK]

I thought Sainsbury's were our main creditors these days?

Sainsbury's lend to our parent company, the ones who own Roots Hall, who then lend to SUFC.

 

[Jam_Man]

Indeed as Chapperz says, Sainsbury have loaned SUFC nothing, it went through the parent company and the parent company then loaned us the money.

That way SUFC are indebted to Ron Martin.

 

[Tangled up in Blue]

Indeed as Chapperz says, Sainsbury have loaned SUFC nothing, it went through the parent company and the parent company then loaned us the money.

That way SUFC are indebted to Ron Martin.

How long will Sainsbury's continue to loan money to the chairman though, in pursuit of the seemingly endlessely receeding into the future, move to FF?

 

[sufcnum1]

imo and as i understand it even if we do move to ff, sufc will be no better cause we wont own that either, so this will go on forever until some rich guy comes and buys it from ron, sufc is just a bargaining chip to make money/clear debts

i don't douby that ron is trying to move things forward, its just that sufc is not top of the list.

 

[Jam_Man]

How long will Sainsbury's continue to loan money to the chairman though, in pursuit of the seemingly endlessely receeding into the future, move to FF?

Certainly not for ever, Im pretty sure they are reluctant to do so now.

If the agreement for the stadium gets off they may not need to as it may release funds etc.

 

[Jam_Man]

imo and as i understand it even if we do move to ff, sufc will be no better cause we wont own that either, so this will go on forever until some rich guy comes and buys it from ron, sufc is just a bargaining chip to make money/clear debts

i don't douby that ron is trying to move things forward, its just that sufc is not top of the list.

The whole point of moving to FF is because it does make things better. You just have to look at how Col U benefit from theirs to see how it may work, although nothing has ever been set in stone what will benefit us.

 

[sufcnum1]

The whole point of moving to FF is because it does make things better. You just have to look at how Col U benefit from theirs to see how it may work, although nothing has ever been set in stone what will benefit us.

please explain how?
don't know alot about col u however theirs is a stadium not a retail park etc to make money

we will never know what goes on behind closed doors.

as it stands Ron takes money from what ever pot he can, ie Sainsburys, Martin Dawn, HRMC let alone individuals that he owes ie Tara Brady, Players etc along with any other creditors throughout his companys, so on top of that he needs to fund the building of the stadium, originally 4 stands now 3 because of what i believe is advances from Sainsburys to pay HMRC, now can't afford the 4th, we are just a front for Ron to clear his debts, to get support from the council/ individuals, and money made from the move to ff will be paid off his debts and will not fund or support sufc.

 

[chapperzUK]

How long will Sainsbury's continue to loan money to the chairman though, in pursuit of the seemingly endlessely receeding into the future, move to FF?

My guess would be until the amount they have agreed to pay for Roots Hall is all paid up or until the 3 sided stadium is built and we are out of Roots Hall.

 

[dan_mays]

Administration will never happen RM will hold out for FF and will not ever leave until this move happens that is his nest egg right there

 

[Jam_Man]

please explain how?
don't know alot about col u however theirs is a stadium not a retail park etc to make money

we will never know what goes on behind closed doors.

as it stands Ron takes money from what ever pot he can, ie Sainsburys, Martin Dawn, HRMC let alone individuals that he owes ie Tara Brady, Players etc along with any other creditors throughout his companys, so on top of that he needs to fund the building of the stadium, originally 4 stands now 3 because of what i believe is advances from Sainsburys to pay HMRC, now can't afford the 4th, we are just a front for Ron to clear his debts, to get support from the council/ individuals, and money made from the move to ff will be paid off his debts and will not fund or support sufc.

The plan was for Fossetts to not only have the retail park but also to have conference facilities.

Col U also have conference facilities at their ground as well and money made from that goes to the club.

As for the stadium the money from Sainsbury was only ever going to go towards 3 stands, the 4th stand would have been financed by a hotel, which clearly hasnt happened.

As for the new stadium it certainly wasnt to clear Rons debts, it was meant to make him a massive profit, whilst also giving us facilities where we arent reliant on match day income only. He has however never clarified how and what parts of the development will go towards the club though, and now most of it is up in the air its even less clear.

 

[Tangled up in Blue]

The plan was for Fossetts to not only have the retail park but also to have conference facilities.

Col U also have conference facilities at their ground as well and money made from that goes to the club.

As for the stadium the money from Sainsbury was only ever going to go towards 3 stands, the 4th stand would have been financed by a hotel, which clearly hasnt happened.

As for the new stadium it certainly wasnt to clear Rons debts, it was meant to make him a massive profit, whilst also giving us facilities where we arent reliant on match day income only. He has however never clarified how and what parts of the development will go towards the club though, and now most of it is up in the air its even less clear.

Given that Southend council have stipulated that we can't move out of Roots Hall until FF is actually built, there must surely be a tipping point, somewhere on the horizon, where Sainsbury's realise there's no longer any point in funding our ever increasing, recent appearances (nine in the last three years) at the Winder's court?

 

[tommy tucker]

There maybe an added money spinner at fosset farm that I cant rember anyone bringing to the fore .Car parking match days .At present folk park on the streets to avoid paying for the carpark at the ground me for one . Now having driven all around the fosset farm area There doesn't seem to be any side streets to park in .And I cant see waiterose allowing parking there match days So if the club are cleaver and charge a fee within reson say 2.50 for match day parking then surely that would generate a large sum on the season .

 

[OldBlueLady]

There maybe an added money spinner at fosset farm that I cant rember anyone bringing to the fore .Car parking match days .At present folk park on the streets to avoid paying for the carpark at the ground me for one . Now having driven all around the fosset farm area There doesn't seem to be any side streets to park in .And I cant see waiterose allowing parking there match days So if the club are cleaver and charge a fee within reson say 2.50 for match day parking then surely that would generate a large sum on the season .

That's a good point. Not sure if the retail parking will also carry a parking fee.

 

[tommy tucker]

Would have thought any retail park would charge most do these days to bring in revenue to cover any overheads .AsI said if the club was bright enough and not over charge for parking and even if they payed 3or4 parking people say20 pounds a head match days to look after the cars and help people park the club would still be quids in .