Thread Rating:
Major Trouble
#2
The prospective buyers of Southend United say the National League have complicated their bid to complete a takeover of the embattled club.

The Custodians of Southend United (COSU) consortium were responding to Tuesday's move by the non-league competition organiser ordering Southend to provide a £1m bond because of uncertainty over their financial situation.

Ongoing problems over a housing development at Fossetts Farm, where long-time owner Ron Martin had previously planned to relocate the Shrimpers, have held the sale of the club up for months.

The club also faces a winding-up hearing in court on Wednesday.

"At a time when the wider football world is voicing concerns surrounding the future of Southend United Football Club, it's remarkable that our league is only making the situation more difficult to resolve," COSU said in a statement.
Have you heard about the news on Mizar 5
People got to shout to stay alive

Reply
« Next Oldest | Next Newest »


Messages In This Thread
Major Trouble - by themaclad - 24-06-2024, 21:04
RE: Major Trouble - by themaclad - 25-06-2024, 13:04
RE: Major Trouble - by themaclad - 26-06-2024, 15:05

Forum Jump:


Users browsing this thread: 4 Guest(s)