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Page last updated at 19:04 GMT, Tuesday, 3 November 2009

Southend turn down consortium bid

Southend United

Southend United have turned down an offer to buy the club from an unnamed consortium, reports BBC Essex.

The Shrimpers owe nearly £700,000 in unpaid taxes and, if they go into administration, will be docked 10 points by the Football League.

They still face a high court hearing on Wednesday, when they could be placed into administration.

But Shrimpers chairman Ron Martin has turned down the offer from a group of local businessmen.

Southend are understood to have overall debts of £2.1m.



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