By Matthew Roscoe •
Published: 28 Oct 2020 • 13:48
SOUTHEND UNITED has had a winding-up petition dismissed in the High Court after they paid their £493,991 tax debt.
The English League Two club had previously had the case adjourned four times, the last happening in September, to allow the Shrimpers more time to settle the huge £493,931 debt.
The winless club, who currently sits bottom of the league, was able to refinance the club after an agreement, according to the BBC, in April with the borough council to sell their Roots Hall ground to planning developers.
More than 500 new homes are planned to be built on the site when the club move to their new Fossetts Farm stadium.
Fans of the club will be thankful that the winding-up petition was dismissed as in September National League club Macclesfield Town, who had debts of over £500,000, were forced to wind up.
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Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at email@example.com.
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