Southend United have avoided going into administration. The tax authorities had argued that the League 2 club were so often behind with their tax payments that they must be insolvent. However, they have now reached an agreement with Revenue and Customs to pay off their debts by instalments. They still face a winding up order from Charterhouse Finance on August 11th, but they seem to be confident of dealing with that debt, largely because of their partnership with Sainsbury’s
Southend United have avoided going into administration. The tax authorities had argued that the League 2 club were so often behind with their tax payments that they must be insolvent. However, they have now reached an agreement with Revenue and Customs to pay off their debts by instalments. They still face a winding up order from Charterhouse Finance on August 11th, but they seem to be confident of dealing with that debt, largely because of their partnership with Sainsbury’s.