Shrimpers to face administration

[Loyalsupporter]

Officials from HM Revenue and Customs are seeking to place Southend United Football Club into administration because of an unpaid tax bill.

http://news.bbc.co.uk/sport1/hi/footbal ... 328096.stm

[Loyalsupporter]

Statement made by Ron Martin in September.

http://news.bbc.co.uk/sport1/hi/footbal ... 241168.stm

" The Blues need to come up with £660,000 by the end of next month, but the chairman says fans don't need to worry.

"There's not a financial crisis, we are in a transitional stage moving Southend United from Roots Hall," Martin told BBC Essex "

[marky No.1]

I wish our fellow larger crustaceans well A drop in the ocean compared to Glasgow Rangers debt of £25M

With all these loan sharks around nowadays the administrators must be having a whale of a time catching people

[Christies Child]

One of many in the future I fear.

[heysham_mfc]

if they did go into administration the -10 points deduction would leave them bommom of the table

[steve mfc]

Its even worse for Accy they could be wound up tomorrow, their fundraising attempts to raise the £308.000 owed to the HMRC have fallen well short.

They are going back to the high court in the morning to ask for more time to raise the money but they have already had a eight week extension so it could well be the end for Stanley.

[Keith]

Its even worse for Accy they could be wound up tomorrow, their fundraising attempts to raise the £308.000 owed to the HMRC have fallen well short.

They are going back to the high court in the morning to ask for more time to raise the money but they have already had a eight week extension so it could well be the end for Stanley.

You really can't comprehend the logic of turning down a multi-multi millionaire who wants to clear the entire debt because he wants to take control. If I was a successful business man and I was clearing the debt and investing hugely, I'd be damn sure to want to control that business rather than leave it in the control of the people currently overseeing the mess.