Struggling Shrimpers settle debt
09 Nov 2009 - 16:07:09
Southend United have confirmed that they have staved off administration by settling a £2.1million tax debt.
The Roots Hall-based outfit were given a stay of execution by the High Court last Wednesday and the debt was paid by one of chairman Ron Martin's group companies.
A ten-point penalty has been avoided which would have seen Steve Tilson's outfit take a place in the League One relegation zone.
Meanwhile, defender Johnny Herd will be sidelined for up to a month after injuring his hamstring in Saturday's FA Cup defeat against Gillingham.
Speaking to the club's official website, he said: "It happened in the first half when I overstretched and I felt my left hamstring go.
"I'm seeing the doctor on Tuesday so I will know for definite how bad it is then."