And he's paying himself 180k a year in 'management fees' out of the club's money. The man is a fraud but we won't get shot of him.
Looks like damage control to me, yes we spent 10k in transfers, but think about how many players we had that season to try and stop the damage of Paul Hartley’s recruitment and then still fail to stay up. And then there’s wages those players were on, it still amazes me that Jake Hastie was our highest earner for nearly 2 years. Singh paying himself 180k does seem suspect. At least this time it’s not a private jet on the books…
Our new owners are live streaming our fans forum and have opened the door to EVERYTHING, Our playing budget last year was £961,000, this year it is £525,000 this year.. Some slides: Income this year so far - very impressive! Costs.. wow.
961k to finish mid-table in conf South! Well we would have scraped to mid-table without the points deductions! Johnson truly was a disaster ever since THAT DAY against Pools.
So nice to be able to put this: All outstanding charges on Southend United Football Club Ltd. have now been satisfied, and the club is free of charges. Debt free! No-one got knocked, and better than going in administration, where companies owed would have got pence in the pound. COSU have been true to their word when they first made public their bid to buy us 19 months ago.
Paid, as per the WUP agreement, the payment schedule was over 11 weeks, hence the WuP being dismissed and creditors settled with last week. On the other hand, the ground has charges against it still, but that is still owned by the Martins, and their debt is now where it should be, charged against them! (We have a 25 year lease on the ground at a peppercorn rate, until Fossetts farm planning permission granted and then the Consortium in the form of POSU (Property Of Southend United) will complete owner ship of the ground).
He is wealthy but certainly not an idiot, he wasn’t going to splash lots of cash with us hence why he did not manage to takeover in the end. He was willing to let us go part time to enable us to move forward as full time on our crowds was unsustainable. He was full of great ideas and very enthusiastic, good edition to your board IMO.
With an average gate of 2700+ we should be able to compete. Maybe only for possibly 6th or 7th but we really should We need someone to look at it properly and work out exactly why Darren Sarll in particular was able to waste £1.5m in 18 months on aged cripples with nobody stopping him. Our CEO John Katz has now pissed off back to the states for good. I dont want to be another Wrexham getting bankrolled beyond anything they can sustain.
Probably one on the most engaging you’ll find at this level, left Wealdstone to invest in us and unfortunately the new takeover bought him out. Will reach out to a lot of your fanbase for input and ideas, will be really liked where-ever he goes, is not the let’s throw money at it type.
