Southend have posted another loss of over £1million in their latest accounts, according to reports.
The figures, for the 09/10 season, push their total debt close to the £9million mark. The accountants warned supporters, in their notes on the accounts, that there was 'a material uncerntainty which may cast doubt on the company's ability to continue as a going concern' although the club's Finance Director 'remains confident'.
The news comes on the day the Shrimpers admitted that they have had more winding up proceedings brought against them by the taxman. The club say they were a day late with a £65,000 payment and are now being asked to pay a late payment penalty of £11,000. The matter is likely to be resolved in court with the club disputing the facts of the matter.
Meanwhile, yesterday's BBC survey into the 'Price of Football' has come in for more criticism. Leyton Orient have defended their policy after being classed as one of the more expensive League One sides.
They claim other sides submitted prices for Johnstones Paint Trophy games rather than League matches, while the 200% site has investigated the figures in-depth and found none of the 11 clubs claimed to be under £20 for a matchday experience actually offered that figure for League games. They did find, however, that Macclesfield's figures had altered and they were now under the £20 mark.