Reprieved again: Shrimpers get 35 days as Martin insists transfer embargo is 'not an impediment'

No wonder David Webb and Ron Martin are mates, they share a similar DNA that sees them returning from the dead on a regular basis!

A High Court judge has allowed the 35-day adjournment, just, after hearing about detailed financial plans that would settle the debt to Her Majesty's taxman of £183,000.

No winding-up order then, yet.

Martin: 'Without security the PFA would not advance the money'
 
Meanwhile, speaking to the Evening Echo, the Shrimpers surpremo explained why a PFA loan is not like getting one from Barclay's.

Martin told www.echo-news.co.uk: "We have to be clear because I believe there is a serious misunderstanding as to what role the PFA play. If a club is in administration then the PFA may well help with the wages without security. However, in all other respects, the PFA acts not dis-similar to a bank. It's a bridging loan that in this instance is being automatically repaid in just five weeks. In an ordinary market it would be available from a high street bank but not currently. Without security the PFA would not advance money as it must be copper bottomed."

Chairman Ron also went on to agree that while Tilly and Webb can forget about any more loan signings, their all emergencies in our position, in the new management duo's increasingly difficult fight to avoid relegation; so what, there's only two weeks left anyway!

Martin continued: "The downside in loans being facilitated by the PFA is that it attracts an embargo but with just a couple of weeks before the window closes, at this present time, is not an impediment. So, in that respect, the PFA's helpfulness and speed of facility was welcomed enabling the club time to conclude its longer term working capital requirement."

'Longer term working capital requirement', you've got to admire the bloke.

Sort of.