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Southend's financial position:


Piethagoram
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Not 100% sure @upthepies , it seems to be a combination of things. An absentee chairman who has overseen a promotion or two, but who has now presided over two straight relegations so it's all gone sour. I'm guessing that he's financed the club by "loaning" money to it, so the 20m figure is what he's put in. I think the Trews did something similar. It doesn't mean he will ever see it back. Call me selfish, but I'd prefer them to struggle on for another season or two. We don't need yet another promotion rival with money to burn!

A 4-0 home spanking against Chesterfield later, they've now sacked their manager too. But worry not, Stan Collymore has ridden in like a knight in shining armour to save the day:

https://www.bbc.com/sport/football/58862741

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"I will go and watch games, I will get two exceptional recruitment specialists to get you players in budget, I will get you a manager or managers in front of you that can play attacking, open, front-foot football, that have integrity.

"If I can deliver Southend United what I promise tomorrow, Monday, Friday and then in two or three or six months' time and the club are in a healthy position, then we'll sit down and talk about a longer-term involvement."

If what Collymore says pays off, good on him for helping a former club out.

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