SOUTHEND UNITED have confirmed they have come to an agreement for a takeover and have given fans the date that it’s expected to be completed by.
The National League club have released a statement confirming they have reached an agreement for the sale of the club with a consortium led by Australian Justin Rees.
GettySouthend United have come to an agreement with a consortium over the takeover of the club[/caption]
The statement also revealed that the club are currently working towards completing the takeover by November 1.
In a statement on their website, the club wrote: “We can confirm that an agreement for the sale of the Club has been reached with a consortium led by Justin Rees.
“Everyone is working towards a completion date of 1 November 2023, that is when the consortium will formally take control of the Club.
“The collaborative approach to agreeing this deal would not have been possible without the support of creditors and the assistance from the Leader of Southend City Council.
“We recognise that this has been a stressful time for all associated with the Club. We would like to thank our staff for their incredible loyalty and also thank all our stakeholders for their patience.”
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