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Southampton Future In Doubt

Southampton Future In Doubt

It could well have been Wednesday many months ago - but the Owls' Championship rivals Southampton today face an uncertain future.

The St Mary's club, currently fighting relegation on the pitch, have had a long-running problem off the pitch financially.

And it came to a head today with the news that the former Premier League club may struggle to operate until the end of the current season.

The Saints' parent company has today gone into administration and Rupert Lowe has resigned from his position as chief executive of the club.

The company, Southampton Leisure Holdings, needs extra money to continue operating, with debts of £27.5 million racked up.

And although the club itself hasn't gone into administration, it's an asset of the parent company which could mean a bleak future - and a points deduction - for the Saints.

The club are currently looking for a buyer, but time is against them, and they could well be in an even stickier predicament when the Saints make the trip to Hillsborough on Saturday, April 18.

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Writer:Nick
Date:Thursday April 2 2009
Time: 1:56PM

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Comments

0
lucky lucky dodging wendy as always!!
bladesforlife1889
02/04/2009 17:55:00
0
lucky lucky dodging wendy as always!!
bladesforlife1889
02/04/2009 17:55:00
0
what pfl???
johnnywalker69
02/04/2009 18:23:00
0
what pfl???
johnnywalker69
02/04/2009 18:23:00
0
Pray tell us bfl, just exactly what we are supposed to have 'dodged'?
Auckland Owl
02/04/2009 19:50:00
0
Pray tell us bfl, just exactly what we are supposed to have 'dodged'?
Auckland Owl
02/04/2009 19:50:00
0
Although I've never really liked Southampton, I wouldn't want to see them disappear. It's people like Abramovich and the Man City owners who should step in and help out the lower leagues instead of pumping money into Premier League clubs and widening the financial gulf. The Saints could be the first of a few clubs heading the same way I reckon.
GameBurton07
03/04/2009 07:26:00
0
Although I've never really liked Southampton, I wouldn't want to see them disappear. It's people like Abramovich and the Man City owners who should step in and help out the lower leagues instead of pumping money into Premier League clubs and widening the financial gulf. The Saints could be the first of a few clubs heading the same way I reckon.
GameBurton07
03/04/2009 07:26:00
0
BFL you are still out there. I was beginning to think you had disappeared up your own ar53. Southampton have been punching above their weight for years - so have Charlton. They wont disappear they will just be in the doldrums for the next 10 years. So what been there done that - Twice
Radon Barrier
03/04/2009 10:58:00
0
BFL you are still out there. I was beginning to think you had disappeared up your own ar53. Southampton have been punching above their weight for years - so have Charlton. They wont disappear they will just be in the doldrums for the next 10 years. So what been there done that - Twice
Radon Barrier
03/04/2009 10:58:00
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