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Club News

CLUB STATEMENT: EMBARGO

8 December 2021

The Club can confirm that the National League have placed us under embargo whilst we finalise the terms of a Time To Pay agreement with HMRC in relation to debt that accrued during the Coronavirus pandemic.

Like many other businesses that had reduced income during the pandemic, HMRC has agreed to allow us some time to repay historic debt.  
 
Unlike many other clubs, we did not borrow money from the Premier League and do not have any bank borrowings. Southend has been supported by Ron and Group Companies through the pandemic.
 
With a reasonable approach from both parties we hope to conclude our discussions with HMRC shortly. 
 
The embargo is not expected to prevent signings of new players when they are identified and terms agreed.

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