Statement from the chairman, Ron Martin:
”For complete transparency following my statement in March, my intention has never been to make money out of the sale of Southend United. In addition, I have no intention of seeking the return of my substantial investment in the Club over the last 25 years. The terms for the sale of the Club are:
Share purchase 70.6% for £1
3 years rent free at Roots Hall unless the club gets promoted in which case, we would charge 50% of the rent under the lease.”