Injury-hit Southend United in transfer embargo (From Echo)
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Injury-hit Southend United in transfer embargo
2:06pm Thursday 20th September 2012 in Blues By Chris Phillips
Paul Sturrock - short of options
SOUTHEND United are currently under a transfer embargo, the Echo understands.
Blues boss Paul Sturrock could have just 13 fit senior players for Saturday’s League Two clash against Exeter City at Roots Hall .
And, as things stand at the moment, the Scotsman will not be able to strengthen his depleted squad before taking on the Grecians.
“Southend have an embargo in place at the moment and have had for a little while now which is why no players have been coming in to the club just recently,” said a source close to the club.
“Britt Assombalonga’s loan was able to be extended because the original loan was made when the club were not under an embargo.
“But for the last few weeks it has not been possible to complete transfers and people will need to be paid off before any new signings can be made.
“The injury situation hasn’t helped either but it’s definitely why Southend have not been able to bring people in.”
Blues will need to pay outstanding debts to come out of the embargo and make new signings, and that will come as a blow to Sturrock.
Neil Harris is definitely out with a knee problem and Barry Corr is not yet ready to return from his long-term knee injury.
FULL STORY IN THURSDAY'S ECHO
Comments (11)
2:22pm Thu 20 Sep 12
dbfromrayleigh says...
Ron Martin, pay up or get out!!!
Ron Martin, pay up or get out!!!
dbfromrayleigh
2:47pm Thu 20 Sep 12
Shrimpers Not Blues says...
On Wed 15th August I wrote:- It is rumoured, so may or may not be true, that the accounts are over 4 months late being submitted to Companies House and the Football League and as a result we are under a transfer embargo.
I don't know the rules regarding loan players if under an embargo so the fact we have bought Belford in on loan may make this particular rumour wrong.
So why has it taken this long to come out?
dbfromrayleigh says... Ron Martin, pay up or get out!!!
Unfortunately unless there is someone out there that has a few million to throw at it, "Better the devil you know". RM isn't going to just chuck it in...well not until it is decided that the "New Stadium" is no longer viable. Then what happens? Southend go bust?
Unless dbfromrayleigh you know that person with a few million to throw away...sorry I meant "invest" in SUFC.
On Wed 15th August I wrote:- It is rumoured, so may or may not be true, that the accounts are over 4 months late being submitted to Companies House and the Football League and as a result we are under a transfer embargo.
I don't know the rules regarding loan players if under an embargo so the fact we have bought Belford in on loan may make this particular rumour wrong.
So why has it taken this long to come out?
dbfromrayleigh says... Ron Martin, pay up or get out!!!
Unfortunately unless there is someone out there that has a few million to throw at it, "Better the devil you know". RM isn't going to just chuck it in...well not until it is decided that the "New Stadium" is no longer viable. Then what happens? Southend go bust?
Unless dbfromrayleigh you know that person with a few million to throw away...sorry I meant "invest" in SUFC.
Shrimpers Not Blues
I don't know the rules regarding loan players if under an embargo so the fact we have bought Belford in on loan may make this particular rumour wrong.
So why has it taken this long to come out?
dbfromrayleigh says... Ron Martin, pay up or get out!!!
Unfortunately unless there is someone out there that has a few million to throw at it, "Better the devil you know". RM isn't going to just chuck it in...well not until it is decided that the "New Stadium" is no longer viable. Then what happens? Southend go bust?
Unless dbfromrayleigh you know that person with a few million to throw away...sorry I meant "invest" in SUFC.
2:59pm Thu 20 Sep 12
dbfromrayleigh says...
Unfortunately I don't know where that person will come from and take your point entirely, but find it totally unacceptable that we are in this position for the second time in three years.
How do club's who get on average half our attendances, survive and in a lot of cases thrive?
I'm sure I am speaking on behalf of the majority of SUFC fans.
Very, very frustrating.
Unfortunately I don't know where that person will come from and take your point entirely, but find it totally unacceptable that we are in this position for the second time in three years.
How do club's who get on average half our attendances, survive and in a lot of cases thrive?
I'm sure I am speaking on behalf of the majority of SUFC fans.
Very, very frustrating.
dbfromrayleigh
How do club's who get on average half our attendances, survive and in a lot of cases thrive?
I'm sure I am speaking on behalf of the majority of SUFC fans.
Very, very frustrating.
4:08pm Thu 20 Sep 12
Barnet Shrimper says...
Not Again ? A urgent report is needed from Martin and the Club......else supporters, players and managers alike will be unsettled, demotivated and realising that another difficult season is upon the Blues, and that as predicted recently, that realistically with the current squad, mid table is all that can be expected this season.As for a/new stadium....dream on ?
Hopefully the embargo is only a rumour, especially as the new recruits to the Blues are probably not as good as those that have "left"........and why oh why was "Mr S'end Utd", Adam Barrett "allowed" to leave !
Not Again ? A urgent report is needed from Martin and the Club......else supporters, players and managers alike will be unsettled, demotivated and realising that another difficult season is upon the Blues, and that as predicted recently, that realistically with the current squad, mid table is all that can be expected this season.As for a/new stadium....dream on ?
Hopefully the embargo is only a rumour, especially as the new recruits to the Blues are probably not as good as those that have "left"........and why oh why was "Mr S'end Utd", Adam Barrett "allowed" to leave !
Barnet Shrimper
Hopefully the embargo is only a rumour, especially as the new recruits to the Blues are probably not as good as those that have "left"........and why oh why was "Mr S'end Utd", Adam Barrett "allowed" to leave !
6:21pm Thu 20 Sep 12
SUFC1906 says...
Does'nt come as any surprise but is there a temporary way out? Take West Ham's £150k offer if its still there & get Mohsni off the wage bill. Some money's better than none. Can't afford to pay players to sit at home. Get Hall to either play for the club to help the injury position or go on loan somewhere else fast & get him off the wage bill. Use the funds from this to pay down priority debt if its feasible. With 2 games a week, any more injuries & there won't be a subs bench to fill.
Does'nt come as any surprise but is there a temporary way out? Take West Ham's £150k offer if its still there & get Mohsni off the wage bill. Some money's better than none. Can't afford to pay players to sit at home. Get Hall to either play for the club to help the injury position or go on loan somewhere else fast & get him off the wage bill. Use the funds from this to pay down priority debt if its feasible. With 2 games a week, any more injuries & there won't be a subs bench to fill.
SUFC1906
6:48pm Thu 20 Sep 12
Seasider90 says...
This is sad but typical of football these days. There ARE no daft millionaires so getting rid of Ron won't be a magic wand. We have to be realistic, we are seriously in debt as a club and lets be honest there isn't a cat in hells chance we are going to pay back the millions we owe. We're better off going bankrupt losing the points and starting again with a clean slate.Oxford did it years ago and I think its the only way out for us.......unless some of you know a mult millionaire who wants to throw serious money down the drain.
This is sad but typical of football these days. There ARE no daft millionaires so getting rid of Ron won't be a magic wand. We have to be realistic, we are seriously in debt as a club and lets be honest there isn't a cat in hells chance we are going to pay back the millions we owe. We're better off going bankrupt losing the points and starting again with a clean slate.Oxford did it years ago and I think its the only way out for us.......unless some of you know a mult millionaire who wants to throw serious money down the drain.
Seasider90
6:56pm Thu 20 Sep 12
benfleetblue says...
Watch out PS- this was the slippery slope that Tilly went down- No money to spend-transfer embargos and finally players not getting paid. If things dont improve fast then you are on borrowed time! RM is killing this club.
Watch out PS- this was the slippery slope that Tilly went down- No money to spend-transfer embargos and finally players not getting paid. If things dont improve fast then you are on borrowed time! RM is killing this club.
benfleetblue
7:26pm Thu 20 Sep 12
gary 51 says...
I wouldn't get carried away about the new ground we will be out of business by then.
HMRC will be knocking on the door soon for VAT and Tax payments and it is hard to see where the finance is coming from, no revenue coming in from May to July but the fixed costs still need to be paid weekly / monthly.
So far the gates we get reflect the type of football we are playing,It would seem the money received for the sale of Ferdinand hasn't paid of the debt and yes I agree ship out Moshni and Hall, Ron Martin should eat humble pie and look to the consortium that were interested in the Blues a little while back too see if a partnership could be a way out, if not it will be only a matter of time before the doors and gates will be closed at Roots Hall...shame
I wouldn't get carried away about the new ground we will be out of business by then.
HMRC will be knocking on the door soon for VAT and Tax payments and it is hard to see where the finance is coming from, no revenue coming in from May to July but the fixed costs still need to be paid weekly / monthly.
So far the gates we get reflect the type of football we are playing,It would seem the money received for the sale of Ferdinand hasn't paid of the debt and yes I agree ship out Moshni and Hall, Ron Martin should eat humble pie and look to the consortium that were interested in the Blues a little while back too see if a partnership could be a way out, if not it will be only a matter of time before the doors and gates will be closed at Roots Hall...shame
gary 51
HMRC will be knocking on the door soon for VAT and Tax payments and it is hard to see where the finance is coming from, no revenue coming in from May to July but the fixed costs still need to be paid weekly / monthly.
So far the gates we get reflect the type of football we are playing,It would seem the money received for the sale of Ferdinand hasn't paid of the debt and yes I agree ship out Moshni and Hall, Ron Martin should eat humble pie and look to the consortium that were interested in the Blues a little while back too see if a partnership could be a way out, if not it will be only a matter of time before the doors and gates will be closed at Roots Hall...shame
7:33am Fri 21 Sep 12
dap says...
It appears RM is at it again, there is something wrong, must be costing loads of on legal fees.
Chief Exe quit last season.
Maybe the consortium will come back into it or Sainsbury's to take over club 100%
It appears RM is at it again, there is something wrong, must be costing loads of on legal fees.
Chief Exe quit last season.
Maybe the consortium will come back into it or Sainsbury's to take over club 100%
dap
Chief Exe quit last season.
Maybe the consortium will come back into it or Sainsbury's to take over club 100%
9:53am Fri 21 Sep 12
dbfromrayleigh says...
I refer to my earlier comment.
How can the likes of Col U (although pleasingly struggling at present) and Leyton Orient, two clubs on our doorstep with on average, half the support Blues get, remain at a higher level and seemingly solvent?
It is surely down to management t board level.
I refer to my earlier comment.
How can the likes of Col U (although pleasingly struggling at present) and Leyton Orient, two clubs on our doorstep with on average, half the support Blues get, remain at a higher level and seemingly solvent?
It is surely down to management t board level.
dbfromrayleigh
How can the likes of Col U (although pleasingly struggling at present) and Leyton Orient, two clubs on our doorstep with on average, half the support Blues get, remain at a higher level and seemingly solvent?
It is surely down to management t board level.
7:41am Sat 22 Sep 12
SUFCONLY says...
Sainsburys are I believe the only possible saviour of the club. They could be the catalyst by appointiing a Receiver of the shares of RM which are said to be charged to Sainsburys for past loaned sums. When and if they come to the realisation that their debt cannot be re-paid, and RM is unable to fund the project - if they still want to move foward with the RH/Fossetts scheme, then they could maybe appoint someone to drive the development through and fund it - and run the club through appointed managers, pending a handover, after the development has been completed.
It could be a great thing they do for the town and supporters, by gifting the legacy of a new stadium in return for their development themsleves of the RH site - say a 999 year lease at a peppercorn ?
The crunch may come when the deadline for the taking up of acquisitions of other related properties, soon arises.
A controlled Receivership might be a far better option, than Administration or Winding-Up, for both club and creditors, surely.
Sainsburys are I believe the only possible saviour of the club. They could be the catalyst by appointiing a Receiver of the shares of RM which are said to be charged to Sainsburys for past loaned sums. When and if they come to the realisation that their debt cannot be re-paid, and RM is unable to fund the project - if they still want to move foward with the RH/Fossetts scheme, then they could maybe appoint someone to drive the development through and fund it - and run the club through appointed managers, pending a handover, after the development has been completed.
It could be a great thing they do for the town and supporters, by gifting the legacy of a new stadium in return for their development themsleves of the RH site - say a 999 year lease at a peppercorn ?
The crunch may come when the deadline for the taking up of acquisitions of other related properties, soon arises.
A controlled Receivership might be a far better option, than Administration or Winding-Up, for both club and creditors, surely.
SUFCONLY
It could be a great thing they do for the town and supporters, by gifting the legacy of a new stadium in return for their development themsleves of the RH site - say a 999 year lease at a peppercorn ?
The crunch may come when the deadline for the taking up of acquisitions of other related properties, soon arises.
A controlled Receivership might be a far better option, than Administration or Winding-Up, for both club and creditors, surely.
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