116-Year-Old Soccer Team on Brink of Extinction Over Failure of Seven-Figure Payment With 22 Days Left

Southend United is one of the oldest soccer clubs in the world, with a history that spans 116 years. The club has seen its fair share of ups and downs throughout the years. However, now the club is on the brink of extinction.

Southend United is a soccer club located in Southend-on-Sea, Essex. The team plays in the National League, the fifth division of the English soccer league. After being relegated back to back two years in a row, the team dropped from the third division to the fifth.

Now it looks like this historic club is on the brink of extinction. With several failures and a time limit to pay a seven-figure payment, things are not looking good for the club and the fans of the team. So what really happened?

The soccer club can cease to exist

Southend is facing a financial crisis by failing to pay their staff and even their players. The club was also put on a Transfer embargo following the crisis. Due to bad management and bad performance, the team has continued to lose around $2.4 million per year.

And according to reports, the United chairman, Ron Martin has to pay a seven-figure sum before March 1st, or the club’s existence will be at a risk. Now, with just 22 days left, the club is in danger of extinction. This is a daunting task for any club, let alone one that is already struggling to stay afloat.