βBeyond the 11th hourβ: Southend United avoid winding-up order
26 June 2024 at 07:58
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Southendβs windingβup petition was dismissed at the high court on Wednesday after a late deal was struck βbeyond the 11th hourβ with the clubβs last remaining creditor.
After a dramatic week when the National League told Southend to provide a Β£1m bond in order to compete in the coming season because of uncertainty over their financial situation, the club chairman, Ron Martin, was in London for the rescheduled hearing having been given an extra month to settle debts with the legal firm ΒStewarts and a former club sponsor.
Continue reading...Β© Photograph: David Levene/The Guardian
Β© Photograph: David Levene/The Guardian