Southend

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Southend have been given a weeks extension to pay the HMRC bill (just breaking on BBC Sport site). Apparently it''s to allow time for money to be transferred which suggests that they are going to pay the outstanding bill, so hopefully that''s one worry out of the way.

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This is from the Shrimpers24 News:

Southend United have been given a 7 day adjournment to pay their oustanding tax bill to Her Majesty''s taxman.

Following an earlier adjournment from this morning until 14.30 this afternoon there were real concerns that something may have fallen through.However, for now, it seems we still have a football club. According to reports from the High Court in London, £400,000 has been transferred from a major retailers account, S24 are taking a wild stab that''s Sainsbury''s, into that retailers solicitors account. The cash will be then be handed over to HMRC either this afternoon or tomorrow. As far as the registrar is concerned the hearing next Wednesday is a formality to finally end this particular matter.Final does mean final this time!Of course, whether we will be seeing the taxman in court over anything else, anytime soon, only Uncle Ron, and maybe the financial director of Sainsbury''s can tell us.Certainly the high street retailer seem to becoming a more powerful player in the club''s financial affairs as well as being Ron Martin''s guardian angel.God knows what he''s promised them!Jamie Oliver Farm anybody?

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link

[Ivana_rubyatitz 6]

Does sound like they intend stumping up and clearly persuaded the court they have the cash. It is one less thing for some of us to panic over.