Source: FOOTYMAD
Southend United Financial Update: Don't Panic! 'Funds have been deposited for payment of the debts'
Another official site update, and sadly they don't get any better; the latest hearing at the High Court was attended by CE Geoffrey King, while chairman Ron Martin 'maintains regular contact'. No need to worry; Geoffrey was there and Ron remains in contact!So the club gives their spin in the latest adjournment by the High Court to stop us being wound up.For starters while Ron's sunning himself in Crete, it was chief Executive Geoffrey King and Finance Director Nigel Brunning who represented us in London on Wednesday.Nothing to do with loan company Charterhouse maybe just waiting to see whether the club is still solvent enough to give it any of it's £140k back when Southend answers the HMRC petition on Monday, August 7.www.southendunited.co.uk informs us: 'At the court hearing held on July 8th 2010 the judge made an order that the hearing should be postponed until August 2nd 2010. By issuing this order it meant that the Petition presented by Charterhouse could not be technically be heard.'Excuse me; so many hearings, so many dates, so little time!Anyway, they do go on to say: 'Funds have been deposited been deposited for payment of the Revenue debt and also the amount due to Charterhouse.' Well yes, we have heard this before, Ron's 'formality', so why didn't we just cough up on July 8th if Sainsbury's are going to continue to 'bail us out', are the High Court just going to say enough is enough come August 2nd?It's all too much, and it doesn't help when we're told: 'The Chairman is away, he does however maintain regular contact with the office dealing with matters that concern him.'That's OK then! But what about the payment of loans back to the Shrimpers Trust and the PFA so the transfer embargo will be lifted, July 15th now? For the statement in full:www.southendunited.co.uk/page/NewsDetail/0,,10444~2092795,00.htmlLast day to vote in the S24 poll on the current situation here:www.southendunited-mad.co.uk/polls/loadpoll.asp?pollid=9255
