The Echo revealed on Tuesday how former Shrimpers chairman Martin had been declared bankrupt.
But COSU have now reacted to the news via a club statement issued this morning.
It reads: “As a creditor, we have been kept informed throughout the bankruptcy process.
“The outcome is expected to result in a significant balance-sheet write-off for COSU, relating primarily to monies advanced to support the club prior to completion of the takeover in July 2024.
“Both the transfer of the Roots Hall freehold to COSU, and the payments expected to help finance the regeneration of the stadium, fall outside Ron Martin’s personal bankruptcy, as those matters relate to separate entities and arrangements.”