THE BLUES have avoided administration after a petition to wind up the club was dismissed.
Southend United were in the High Court in London facing a winding-up order from loan company Charterhouse Commercial Finance over unpaid debts of £140,000.
But the court heard that the debt had been paid off and Mr Registrar Nicholls dismissed the petition.
As a result, HM Revenue and Customs will withdraw its application to put the club into administration.
At a hearing on August 2, an agreement was made with the taxman that they would not wind up the club if they survived today's hearing.
- SPECIAL REPORT IN THURSDAY'S ECHO
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