The Shrimpers Trust are extremely pleased to see that the High Court's decision to order Administration on Southend United FC has been adjourned until Friday but are concerned at the very short timescale announced for the payment to be made.
As reported yesterday, several Trust Committee members met with Directors of Southend United, although Ron Martin himself was unable to be present.
Contact will be attempted as soon as possible with both the Chairman of the Football Club and the Consortium who tabled a bid for ownership in order to provide supporters with more information and to do as much as possible to help the Club.
The Shrimpers Trust's intention remains to see Southend United placed on a stable financial footing as soon as possible and we will continue to seek clarity about the current situation during this period of difficulty.
The Trust's Trevor Bashford said: "We're happy that the club have got a stay of execution. The good news is that it does give Mr Martin more time to put together a package. If it gives the football club more time to negotiate with potential buyers and develop Fossetts Farm, then it's all good news. I think the true fans of Southend United would stay very loyal, and I would like to think that a lot more would come out of the woodwork. Some offers of support have been fantastic."
For more on the Save Our Southend United Fund and how to make a donation, go here: www.shrimperstrust.co.uk/home.asp?page_id=108