Southend United have been warned by a choose ‘you may be wound up’ within the subsequent few months if they don’t clear a £275,000 tax debt.
The Nationwide League membership was given extra time to pay up at an Insolvency and Firms Court docket listening to earlier in the present day in London.
HMRC has issued a winding-up petition towards the membership, whereas the choose was informed the Shrimpers produce other money owed – owing greater than £1million in complete.
He stated he would have made a winding up order had been he not coping with a soccer membership, and granted the Blues one last extension, with the case resulting from be reconsidered on October 4.
Southend chairman Ron Martin attended the listening to and informed the choose a sale of the membership is beneath means and requested for extra time, insisting he’s ‘assured’ the membership can be offered earlier than then which can settle the debt.
“If this weren’t a soccer membership, with the actual attachment to its followers … I might be winding it up in the present day,” stated Choose Sebastian Prentis.
“This has obtained to be sorted out.”
He informed Mr Martin: “You should count on, if the money owed haven’t all been settled, that [the club] can be wound up on the subsequent date.”
The adjournment means the switch embargo on the membership stays in place.
Southend have solely 16 registered gamers of their squad, and that won’t change till no less than October 4 – with the membership having one other ten video games till then.
The Blues are at the moment ninth within the Nationwide League after two wins and two defeats from their opening 4 video games, however now face a ten-point deduction, which might ship them to the underside of the desk.
