Ron Martin wants Southend in a new stadium by July 2011

Southend United chairman Ron Martin believes the club will not have a problem paying a tax bill in October.

The Blues need to come up with £660,000 by the end of next month, but the chairman says fans don't need to worry.

"There's not a financial crisis, we are in a transitional stage moving Southend United from Roots Hall," Martin told BBC Essex.

"If we wanted to stay at Roots Hall we could manage the finances very successfully but we wouldn't progress."

The Blues chairman added that the relegation into League One two years ago and the current state of the economy has not helped.

"In the Championship the club broke even, coming out of the Championship because of the loss of TV monies and other corporate income our losses were over £2 million.

"We'll only repair that funding gap when we get into the new stadium, so this is an intended managed situation as we move and progress the club."

With four players leaving the club last week, Martin says Southend manager Steve Tilson will be allowed bring replacements in on-loan.

"There's 18 professionals at the club, Steve (Tilson) in my view probably requires another three.

"A left-back is probably required, we certainly need an improved strike-force, and maybe Steve is thinking to strengthen the centre-half position."

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