Connect with us

Latest News

Southend United pay off HMRC tax debt in full

League Two strugglers Southend United reach payment plan agreement for tax debts of £500,000
Southend United

Southend United has settled their tax debts amounting to £493,931 to have their winding-up petition dismissed in the High Court on Wednesday.

The EFL’s basement club had been afforded four adjournments to give them more time to reach a repayment plan involving installments.

Fears had grown that the Shrimpers could follow the route of Macclesfield Town in being wound-up by the High Court and being liquidated over debt levels similar to Southend.

But a lawyer representing Southend in court notified Chief Judge Briggs that debts had been paid in full.

Troubles on the pitch remain a pressing issue to United’s EFL status following a winless start to life back in League Two.

Mark Molesey’s side are 1/9 odds-on favourites to be relegated to the National League after losing seven of their nine matches to open the season, with speculation that the club’s wage bill has been slashed from £2.8m to £1.1m this year.

Related Topics
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tackle the News

- Sign Up for our weekly Football League Newsletter Today!
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Best Betting Sites at Betinireland.ienew-UK-football-betting-sites-banner

More in Latest News

  • Leicester City manager Marti Cifuentes Leicester City manager Marti Cifuentes

    Marti Cifuentes frustrated as Leicester City draw again at home with Portsmouth

    Marti Cifuentes criticised the level of Leicester City’s second-half performance after the Foxes drew for the fifth time in six matches following a 1-1 stalemate against Portsmouth at the King Power Stadium.

  • Leicester midfielder Aaron Ramsey Leicester midfielder Aaron Ramsey

    Leicester City 1-1 Portsmouth: Foxes lose ground in promotion race after being held at home

    Leicester City lost ground on their promotion rivals after drawing 1-1 with Portsmouth as John Swift’s second-half goal cancelled out Aaron Ramsey’s opener at the King Power Stadium.

  •

    DEBUT DISMAY!

    Wilshere & Gracia start with defeat PAIN GAME: Jack Wilshere, left, and Javi Gracia JACK Wilshere’s eagerly anticipated first game in charge of Luton ended in disappointment as they were beaten by Mansfield. And Javi Gracia’s second stint at the Watford helm also started with a defeat, as they lost...

  •

    PEDERSEN’S SO PROUD IN DEFEAT

    By Mike Rimmer HENRIK Pedersen took pride from his Sheffield Wednesday side’s spirited showing despite sinking to the foot of the Championship table. Their loss at Charlton capped off another worrying week for the Owls, who are set to be served with a winding-up petition by HMRC. Sonny Carey and...