Producer of the Tenon Tracker report, and it's not a pretty sight!
The Tenon Tracker report looked into the club's finances for the Echo and showed Southend United FC making a loss of £2million after tax from July 2008 to July 2009 and a loss of £2.4million for 2007/08.
It also came up with the club spending £3.5million from 2008-9 on paying staff, compared to £3.3million the year before.
This is where chairman Ron Martin insists costs remained high even after relegation from the Championship after the 2006/07 season.
Peter Forsey, of RSM Tenon, told the Echo: "If a business is not generating cash, eventually it will run out. There's a difference between cash and profit. It's your cash you need to pay your creditors. With Southend, the chickens are coming home to roost. They're going to need something like an injection of cash to guarantee their long-term survival. If the club continues to make a cash loss, It's just a question of time. There is still something fundamentally not right with the business that needs to be addressed."
And will Uncle Ron address it this afternoon? Highly unlikely!
Oh, and we haven't heard from the local council yet, that's next folks.
Maybe this miserable news will stop before Andrew Murray gets on court to take on the Spaniard, or maybe not!