Breaking News - Southend United face Administration next week [Archive]

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Beckenham Boy

27-10-2009, 12:06 PM

Just popped up on BBC breaking news on website.

Can we have Dougie back then? ;)

Hope they get it sorted out

Beckenham Boy

27-10-2009, 12:07 PM

Official statement from Southend

http://www.southendunited.co.uk/page/NewsDetail/0,,10444~1838744,00.html

Beckenham Boy

27-10-2009, 12:09 PM

Southend to seek administration

Southend will look to go into administration next week to stave off a winding-up petition from HM Revenue & Customs in the High Court.

United were due to go to the court on Wednesday, but will now face an administration hearing on 4 November.

In a statement on the club website, chairman Ron Martin said: "We have needed time to overcome the banks' inability to lend since their collapse.

"We are not looking to escape debts. We wish to ensure we pay in full."

Martin added: "Mine and my family's life has been entwined with Southend United, often taking up every waking hour and I have been doing my best, and will continue to do so, to make sure than HMRC do not rip this from us.

"Their hostile action is not only unwelcome but also destructive."

Clapham Grand

27-10-2009, 12:24 PM

ouch, another one bites the dust.

Latvian Eagle

27-10-2009, 12:27 PM

And their new stadium is due to be opened for next season! :eek:

Psychokiller

27-10-2009, 12:29 PM

Where's the "football family" now then? Happy to support an alcoholic woman bashing coward but not an old, much loved community club.

Sandowneagle

27-10-2009, 12:34 PM

I've not done the analysis of the number of clubs that have gone into administration each season but it does feel like there are more each season. Here's hoping there are no more this season if Southend do go into administration.

gold76

27-10-2009, 12:43 PM

It's a shame

Southend always seem such a nice club

grim times, obviously a 10 point penalty coming there way

won't be the last club to get in bother I'd wager

kolinkins

27-10-2009, 12:45 PM

Where's the "football family" now then? Happy to support an alcoholic woman bashing coward but not an old, much loved community club.

In which industry do money making businesses (and even here, very few actually make money) financially support poorly run rivals?

Eye-dee

27-10-2009, 12:47 PM

:sob:

I had a great time at Southend Palace a couple of seasons ago. I went in the main Southend supporters boozer with my cousin who lives there and they were a really nice crowd. I hope they survive, this is another footballing tragedy :sob: :(

Adlerhorst

27-10-2009, 12:47 PM

It's a shame

Southend always seem such a nice club

grim times, obviously a 10 point penalty coming there way

won't be the last club to get in bother I'd wagerAs HMRC are involved they'll be lucky to get away with only 10 points.

Psychokiller

27-10-2009, 12:47 PM

In which industry do money making businesses (and even here, very few actually make money) financially support poorly run rivals?
Can football really be compared to other businesses? What other business can, to paraphrase Mr Jordan, serve up shit every week yet still hold on to its customers?

Baldy

27-10-2009, 12:50 PM

Can football really be compared to other businesses? What other business can, to paraphrase Mr Jordan, serve up shit every week yet still hold on to its customers?

Ryanair ?

britabroad

27-10-2009, 12:56 PM

Has a club been in admin twice? Just wondered.

gold76

27-10-2009, 12:57 PM

Bournemouth perhaps & Halifax

Asagaya_Eagle

27-10-2009, 01:15 PM

Can football really be compared to other businesses? What other business can, to paraphrase Mr Jordan, serve up shit every week yet still hold on to its customers?

McDonald's?

Lords Eagle

27-10-2009, 01:36 PM

B*gger, got a mate who's an avid Southend fan, as a by the by, Alison Moyet is a mad shrimpers fan.

howard

27-10-2009, 01:40 PM

And their new stadium is due to be opened for next season! :eek:

They don't have the funding to even start building it yet,let alone open it next season. That would be a huge problem too, as they have to leave the old ground within the next 18 months or so.

I drive by the site of the new ground a few times per week & nothing is happening.

Considering the catchment area,the club are poorly supported,I suppose there are many East Londoners this way, who support the spammers etc.

1fa9

hoopsmccan

27-10-2009, 01:42 PM

Considering the catchment area,the club are poorly supported,I suppose there are many East Londoners this way, who support the spammers etc.

Probably just as many supporters of Man U, Chelsea, etc...:rolleyes:

Armchair "fans" who'd rather watch Sky than go to see their local club. It will kill the game.

Nelson Muntz

27-10-2009, 01:43 PM

Psychokiller

27-10-2009, 01:45 PM

How many clubs went into administration before the premier league was formed in order to give the richest clubs a bigger slice of the pie?

gold76

23-02-2010, 05:24 PM

Looking a bit grim, Players not been paid for January

February wages due Friday

Raggy

23-02-2010, 05:41 PM

In which industry do money making businesses (and even here, very few actually make money) financially support poorly run rivals?

Finance - Solvent businesses tax contributions used to bail out failing banks.

Building & Development - Richer development companies specialising in market housing obliged to provide an average of 40% of development plots to Housing Associations/Registered Social Landlords at below cost price.

Education - Families who send pupils to Private school continue to pay taxes to fund state education.

leicester1

23-02-2010, 05:52 PM

I genuinely hope they come through this,
Some good times down there over the years,from Steve Tilsen playing through to him managing,do need some more sand on the beach though.

BulletEagle

23-02-2010, 05:57 PM

Has a club been in admin twice? Just wondered.

Crystal Palace FC

Away Day Eagle

23-02-2010, 06:13 PM

Building & Development - Richer development companies specialising in market housing obliged to provide an average of 40% of development plots to Housing Associations/Registered Social Landlords at below cost price.

I'd question the vailidity of the 40% assertion.

Such plots to which you refer tend, generally, to be marginal (even at the very height of the housing boom), brownfield, inner city sites.

Furthermore, the transfer of such land tends to be the first stage in negotiated land led housing project/scheme.

They provide decent margins and excellent cash-flow profiles for the capital intensive speculative development process.

CPFC_DAVE77

23-02-2010, 06:36 PM

Not happy about this at all.

cranesparkeagle

23-02-2010, 09:33 PM

Ryanair ?

nah - Easyjet

cranesparkeagle

24-02-2010, 08:43 AM

Jesting apart I also have a Southend supporting friend. Its all very well for people to talk glibly about spending beyond ones means but Southend? THINK THE LESSON FOR ALL OF THESE CLUBS THOUGH IS TO PAY THE TAXMAN BEFORE DOING ANYTHING ELSE.

Jimmy Eagle

24-02-2010, 09:03 AM

Can football really be compared to other businesses? What other business can, to paraphrase Mr Jordan, serve up shit every week yet still hold on to its customers?

London Underground? Southern Trains? South Eastern Trains?

Budgie Byrne

24-02-2010, 12:47 PM

How many clubs went into administration before the premier league was formed in order to give the richest clubs a bigger slice of the pie?

Not sure there was a need in those pre premier league days as football finances were smaller and a lot of smokey back room deals were done.

There were a good few went out of business however Accrington Stanley and Aldershot to name just two.

I am not sure you can blame the premier league, clubs get into trouble because they are badly run not because of the premier league.

If you take Palace as an example when SJ took over we were debt free. We were in the premier league in four years with a team that did not cost a huge amount to put together. Even when we were relegated we had two seasons parachute money and some large player sales income. There has to be a big question against those responsible for the club in the 4 years or so since we left the premier league as to why we are in such a bad state today.

Jukesy

24-02-2010, 01:15 PM

How many clubs went into administration before the premier league was formed in order to give the richest clubs a bigger slice of the pie?

Indeed.

A first :p

Beckenham Boy

13-04-2010, 01:28 PM

http://news.bbc.co.uk/sport1/hi/football/teams/s/southend_utd/8617704.stm

Southend United set for High Court date over tax bill

League One strugglers Southend United return to the high court on Wednesday, facing a winding-up order over unpaid tax debts.

Last month, the club were given 35 days to settle their debt, which totals around £400,000, with Her Majesty's Revenue and Customs.

Southend were told that March's adjournment was final and the debt would have to be settled by Wednesday.

The Essex club settled a tax bill of £2.1 million pounds last November.

The club has been consistently late in paying salaries this season. Last week Southend manager Steve Tilson confirmed his players have finally received their February wages, but were still waiting for their March payments.

Southend are currently four points adrift of safety in the League One relegation zone, and Tilson believes the off-field problems are not helping their form.

"Long-term, I keep saying, it looks rosy," said Tilson. "But long-term is no good for us at the moment. We want to stay in this division and build from that."

Surfside

13-04-2010, 01:43 PM

Lets have a "clubs in admin" tournament in the off-season. Get all the clubs in administration to play a round robin, and split the proceeds.

Walrus

13-04-2010, 04:17 PM

24ed

And to think the Prem were mooting a £20-odd million whip round to keep Pompey going until the end of the season.

£400k wouldn't pay John Terry et al for a ******* month! Wankers.

britabroad

13-04-2010, 04:37 PM

Crystal Palace FC

Yep. I was walking you down that particular path as even then it looked on the cards;)

Neckinger Eagle

14-04-2010, 12:36 PM

Beckenham Boy

14-04-2010, 12:40 PM

Just been looking at the posts on ShrimperZone.com

The hearing has been adjourned until 2:30pm. They are saying there that even though this is supposed to be the final deadline the club is asking for another seven days to get finances in place.

Yep tis true it has been adjourned till later today - will know the result in a few hours I suppose. Fingers crossed for them that they get a further delay.

Southend winding up hearing adjourned until afternoon

Southend United's High Court appearance over a winding up order has been adjourned until 1400 BST on Wednesday.

In March, the League One outfit was given 35 days to settle the debt of about £400,000, with Her Majesty's Revenue & Customs.

The club, which settled a tax bill of £2.1m last November, was told the debt would have to be settled by Wednesday.

They have been consistently late paying wages this season, with February's only paid last week, and March's still due.

Southend are five points adrift of safety in the League One relegation zone, and manager Steve Tilson believes off-field problems are not helping their form.

"Long-term, I keep saying, it looks rosy," said Tilson. "But long-term is no good for us at the moment. We want to stay in this division and build from that."

Chairman Ron Martin says he is keen for the club to move to a new stadium and grow, telling fans on his blog that "we are not a club [and I could name many] who are content to stay in the lower echelons of League One or Two.

"To simply be satisfied at playing League football will never be a 'turn on' for me as chairman."

gold76

14-04-2010, 12:54 PM

Let's hope they get an extension.

Beckenham Boy

14-04-2010, 01:35 PM

They have been given another 7 days to pay £400k of tax. Club said cheque is in post!

kolinkins

14-04-2010, 01:39 PM

Makes what Aglio did to us even more of a nonsense

Neckinger Eagle

14-04-2010, 02:53 PM

Reading their message board is like reading ours. Is the guy who saved the club 10 years ago untouchable or the cause of all their travails for instance.

They are suggesting that Sainsburys, who would be a partner in any new stadium development (I think) may have bailed them out?

howard

14-04-2010, 04:38 PM

There is a lot going on in Southend in the business world. The airport is one area of development that is ongoing,involving the Stobbart group. Rumors are being bounded about all the time. The other area is the football clubs new ground, to be built at Fossetts way, alongside the existing B&Q, Waitrose,Comets etc. Sainsburys are supposed to be building a new store on the site of the existing ground & funding the building of the new one.

I can't see the local business world allowing the football club go to the wall, when it is an integral part of all the money making schemes that are in the pipeline.

Latvian Eagle

14-04-2010, 04:51 PM

Southend suffer because most of their supporters also seem to support West Ham (which is why most Southend home games are on a Friday).

Fever Pitch

14-04-2010, 06:01 PM

Southend suffer because most of their supporters also seem to support West Ham (which is why most Southend home games are on a Friday).

Incorrect

Southend play on Friday nights due to using the same stewards as Orient and the Spammers.

cpfcfan1

20-04-2010, 09:28 AM

Breaking news, Southend have paid their tax debt of 378.500 and will not be wound up tomorrow

kolinkins

20-04-2010, 09:44 AM

Argh, I hate Aglio so much.

gold76

17-07-2010, 09:32 AM

http://www.skysports.com/story/0,19528,11750_6266795,00.html

Have agreed deals with 5 players so hopefully things are looking up

Interesting to see how Ryan Hall does there

Beckenham Boy

02-08-2010, 04:35 PM

Good news for now...

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

Southend United stave off administration

Southend United have avoided entering administration after reaching a deal with Her Majesty's Revenue & Customs.

HMRC had argued the club's history of defaulting on payments demonstrated it was insolvent.

But a High Court hearing on Monday ruled that the Shrimpers' existing debts have been settled and future payments would be on time.

The club still has to fight a winding-up order from Charterhouse Commercial Finance Plc on 11 August.

Despite striking the deal, HMRC has warned Southend officials they will be dragged before magistrates again should they miss any more payments.

Chairman Ron Martin told BBC Essex that the arrears had been met, in part, due to a partnership with Sainsbury's.

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The supermarket giant hopes to build a new store on the Roots Hall site, with the Shrimpers moving to a new stadium.

He said: "We have entered into an agreement with them to deliver both of our objectives.

"We've made provision in our cashflows to make sure all debts, as they fall due, are covered over the next 12 months.

"I would have liked to have said some months ago that this is what I was anticipating, but the outcome is what I thought it would be."

When asked whether the Charterhouse Commercial finance debts would also be covered, Martin added: "We've underwritten all the costs the club will encounter over the next 12 months."

Despite the positive news the Shrimpers are still unable to register players for the new season.

Manager Paul Sturrock is still hampered by a transfer embargo placed upon the club, but Martin believes that could be lifted as early as Tuesday.

"At lunchtime today I wrote to the Football League to tell them what we had achieved with HMRC," he said.

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"I'm hopeful of getting a response from the Football League today or tomorrow and the embargo will be lifted."

Shrimpers Trust vice chairman Brian Woodford welcomed the news, saying: "It's going to be a bit strange on the first day of the season with virtually a new team.

"But I'm sure we will get to know the new players very soon."

The Shrimpers Trust is a group created with the aim of keeping a professional football team in Southend.

176b

GreatGonzo

02-08-2010, 04:54 PM

Not sure how kindly the league will treat tehm regarding the embargo when they still have a court hearing on 11th August. The League would look mightily silly if they lift the embargo and that court hearing goes badly.

Suspect they may have to wait until after then which would mean playing at least their 1st league game and 1st Carling cup game with what they have.

Beckenham Boy

11-08-2010, 11:28 AM

More good news for Southend

http://www.echo-news.co.uk/news/8324914.Blues_avoid_administration/

THE BLUES have avoided administration after a petition to wind the business up was dismissed this morning.

Southend United were in the High Court in London facing a winding-up order from loan company Charterhouse Commercial Finance over unpaid debts of £140,000.

But the court heard that the debt had been paid off and Mr Registrar Nicholls dismissed the petition.

As a result, HM Revenue and Customs will withdraw its application to put the club into administration.

At a hearing on August 2, an agreement was made with the taxman that they would not wind up the club if they survived today's hearing.

Beckenham Boy

18-02-2011, 11:25 AM

Look to be back in trouble...losing £100k per month

http://news.bbc.co.uk/sport1/hi/football/teams/s/southend_utd/9401549.stm

Southend United face new winding-up petition

Southend United are facing another winding-up petition for unpaid taxes.

Her Majesty's Revenue and Customs is taking the Blues to the High Court on 16 March for arrears believed to be in the region of £20,000.

Southend chief executive Tara Brady told BBC Essex: "I am confident this won't get as far as the High Court as with are dealing with the matter now."

The club spent the summer settling two separate debts in the courts, which were dealt with in August.

Club chairman Ron Martin had previously said there was an agreement in place with HMRC to pay their taxes on the 19th of each month.

Brady added: "We did miss a payment to HMRC but I would stress it's for a nominal fee.

"Cash flow was tight and there were other priorities which included paying players, staff and insurances.

"At this stage we are not under a transfer embargo."

A statement from HMRC read: "HMRC remains absolutely committed to demonstrating a sympathetic approach to businesses that have genuine short-term difficulties in paying the tax they owe.

"However HMRC expect those who can pay to do so, in full and on time to make sure that the money is there to fund the UK's vital public services.

"We only ever take winding-up proceedings as a last resort."

In August Southend avoided entering administration after reaching a deal with HMRC over unpaid taxes.

Later that month the Shrimpers staved off a winding-up petition from Charterhouse Commercial Finance Plc who were owed £140,000, which the club paid.

The disputes meant the club was placed under a transfer embargo for most of pre-season.

Southend also avoided going into administration in November 2009 when it paid off £690,000 of arrears to HMRC.

Brady told BBC Essex in January the club was losing a "painful" £100,000 a month.

The news comes two days after the club secured backing from Southend Council to build their proposed stadium at Fossetts Farm across separate phases, should it choose to.

GodstoneEagle

18-02-2011, 11:31 AM

Garfy

18-02-2011, 11:37 AM

It's not easy at the level of football. A friend of mine is a director there and I know it's a real challenge. Life may be about survival of the fittest but the polarisation of funds in to the hands of a few clubs will ultimately, I believe, signal the death of football as a live spectator sport as we know it in this country i.e. attending grounds rather than sat on our bums at home!

TheMexicanHorse

18-02-2011, 11:43 AM

SHIPEAGLE

18-02-2011, 02:48 PM

On another bbc teletext page it is said Southend have approval to build their new 12,000 seat stadium with Sainsburys buying their old ground.