The Club is pleased to announce that Ron and the Consortium have today exchanged contracts for the sale of Southend United.
The sale is conditional upon Southend Council’s approval of certain property transactions that are required to facilitate the Club staying at Roots Hall. Those terms have been agreed and we expect the Club ownership will formally transfer in early 2024.
Ron and Justin Rees will work together on operational aspects for this interim period prior to formal completion.
During the sale process the club has conducted parallel discussions with the National League and HMRC, and anticipate the transfer embargo being lifted next week.
We would like to put on record our sincere thanks to the National League for the cooperation they've shown throughout this period.
This has been a long process and the Club wishes to thank all concerned for their assistance in help finalise the transaction.
A special mention must also go to our incredible staff, on and off the pitch, for their resilience and perseverance in representing us all with such distinction.
To the fans, we thank you for your unwavering support, it has meant so much to us all.
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