Southend United avoid liquidation
The club has confirmed HMRC has been paid in full
Ahead of a winding-up hearing at the High Court this morning (Wednesday 1 March), Southend United has confirmed HMRC has been full.
A statement posted on the clubs website said:
"Ahead of the HMRC hearing on March 1, the Club can confirm the monies owed to HMRC, under the Petition, have been paid in full.
"Funds as working capital have also been injected to help Southend United over the coming months.
"The Club’s objective is to regain its future as a club within the Football League at the earliest opportunity."
The Shrimpers previously owed around £1.4m in unpaid tax to HMRC "caused by successive relegations and loss of income during the pandemic", according to Chairman Ron Martin.
It's hoped the bridging loan will also help with the transfer of the club from Roots Hall to its new home at Fossetts Farm.