SOUTHEND United are no longer restricted by a transfer embargo.

The Shrimpers had been banned from making new signings since mid-May following winding up petitions from Stewarts Law and PG Site Services.

But, after both petitions were settled ahead of a High Court hearing last week, the embargo which had been in place is no longer listed on the National League website.

The removal of the embargo is another step in the right direction for the Shrimpers who have been facing an incredibly uncertain future again this summer.

However, the consortium headed up by Justin Rees have now agreed terms with club chairman Ron Martin and that situation remains in a positive place with lawyers continuing to make checks before the deal can be officially finalised.