Southend were given just 36 hours notice of the transfer fee (which rose significantly from previous valuations, like when he signed for Brighton from Braintree). The Club (well, at least Geoff King) now believe they have overpaid by over £200,000 and have accordingly cancelled his contract by mutual consent. Wycombe were advised of this intention.
The Club offered to meet with Revell and his advisors to try and resolve the differences. This was at first rejected, but since then the parties have sat down and agreed to cancel his contract.
The Club solicitor wrote setting out the Club's position and so that supporters fully understand, the Club's solicitors wrote the following:
"We understand that Geoff King has written to supporters highlighting differences between the valuation for Alex Revell that Steve Tilson and the club originally had for Revell and the valuation the Geoff King now has for Revell. We now seek your cooperation with a review to trying to somehow reconcile these differences so that we don't keep paying a player* that we can't now play without Geoff King looking like a tit, even though the last time Revs was available Steve Tilson selected him.
(*assuming we of course are actually paying the players)
Our clients have also specifically drawn your attention in their letter a misallocation of £150,000 rising to £200,000. On the basis of this misallocation we are instructed that Alex Revell has no future at the club. Given that our clients have provided clear evidence of one misallocation on the part of Southend with respect to Kevin Betsy (who is to be allowed to join Wycombe on a free) we repeat our clients' request that Revell cooperates with SUFC with a view to reconciling their respective differences in what the remainder of his contract is worth. Our clients' Finance Director, Nigel Brunning, is willing to meet you or any other member of Team Revell in the first week of January 2010 for that purpose. Our client has specifically asked us to stress that they will pay any monies found to be due to Revell following the proposed meeting."
The Club's Chairman, Ron Martin, said:
"Southend United appear to be shedding squad players like confetti; clearly the club's relationship with its fringe players on large wages is not, in some quarters, a marriage made in heaven."
The Club will keep supporters informed and more particularly advise when the matter is finally closed.
http://www.southendunited.co.uk/page/NewsDetail/0,,10444~1932006,00.html
http://www.southendunited.co.uk/page/NewsDetail/0,,10444~1930173,00.html
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