THE National League have released a short statement to confirm the consortium have taken control of Southend United.
The consortium headed up by Justin Rees have completed the takeover after months of talks
And the League have welcomed the news.
A statement said: "The National League can confirm the takeover by Custodians of Southend United (COSU) of Southend United Football Club has now been completed.
"We welcome this positive news following a turbulent time for the Football Club.
"We would like to thank all parties involved in the takeover which will enable the Club and its supporters to move forward."
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