Pancake Posted 1 April, 2009 Posted 1 April, 2009 Trading in SLH shares have been suspended by the AIM: http://www.saintsfc.co.uk/articles/article.php?page_id=11578 http://www.dailyecho.co.uk/sport/saints/news/4250370.Saints__shares_suspended_by_stock_exchange/ http://www.independent.co.uk/sport/football/premier-league/shares-suspended-in-southampton-fc-company-1659127.html http://www.independent.co.uk/sport/football/premier-league/shares-suspended-in-southampton-fc-company-1659127.html ============================================================================================ The Daily Echo believes that IF SLH go into Administration then SFC will NOT have points deducted: http://www.dailyecho.co.uk/sport/saints/news/4251026.Football_League_says_Saints_will_not_be_deducted_points/ ============================================================================================ More will be added here as and when.
Pancake Posted 1 April, 2009 Author Posted 1 April, 2009 Just to confirm, there has been NOTHING formally announced to say that SLH (Southampton Leisure Holdings) have been placed into Administration.
Pancake Posted 1 April, 2009 Author Posted 1 April, 2009 Lowe Speaks (via the BBC): http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/7976418.stm
Arizona Posted 1 April, 2009 Posted 1 April, 2009 According to the Times, Lowe and the rest of the SLH board have resigned (with the exception of David Jones). http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6018444.ece
Arizona Posted 2 April, 2009 Posted 2 April, 2009 Mark Fry and David Hudson of Begbies Traynor have been appointed administrators of SLH. http://saintsfc.co.uk/articles/article.php?page_id=11581
Pancake Posted 2 April, 2009 Author Posted 2 April, 2009 Lowe, Wilde & Cowen all resign, from the LSE Southampton Leisure Holdings plc ("SLH" or "the Company") Appointment of Administrators The Board announces today that it has appointed Mark Fry and David Hudson of Begbies Traynor (South) LLP as joint administrators to the Company. Rupert Lowe, Andrew Cowen and Michael Wilde have resigned as directors of the Company with immediate effect. Southampton Football Club Limited, a subsidiary of the Company, is unaffected by these insolvency proceedings.
Pancake Posted 2 April, 2009 Author Posted 2 April, 2009 Press Conf info: To sum up the press conference guys. There is interest in the club they are hopeful of making a sale but not confident (he said this alot and he really di not sound confident) due to financial climate. Club will be run till the end of the season. Fans need to help by turning up, helping to sell the club. SLH and SFC are in law different and they are working with the FL to avoid penalty. SLH has big(ish) assets i.e jacksons farm and training ground. The delay this morning was due to interest that appeared yesturday but the party could not prove a sound financial package (the deadline was originally 5pm yest, but was extended till 11) Then we were able to listen to Moving on up by M people. If i have missed anything i apologize.
Pancake Posted 2 April, 2009 Author Posted 2 April, 2009 Interview with Mark Fry: http://www.saintsfc.co.uk/articles/article.php?page_id=11582
Pancake Posted 2 April, 2009 Author Posted 2 April, 2009 The Press Conf on The Echo website: http://www.dailyecho.co.uk/news/4255819.Live_press_conference_from_St__Mary_s/
Arizona Posted 3 April, 2009 Posted 3 April, 2009 Craig David doesn't rule out being involved in a take-over: http://www.thesun.co.uk/sol/homepage/sport/football/article2359545.ece?OTC-RSS&ATTR=Football Lucy Pinder wants to forget the board, support the team and bring back Matty: http://www.dailyecho.co.uk/sport/4265430.Top_model_gives_Saints_her_support/ That's our girl!!
Baj Posted 4 April, 2009 Posted 4 April, 2009 Sky Sports interview with Administrator outside St Marys reveals 15 enquirers to purchase the club and is confident that one will result in a sale. Listen to the full interview here: http://www.saintsweb.co.uk/AdminInterview.mp3
Arizona Posted 7 April, 2009 Posted 7 April, 2009 Independant enquiry called in to investigate the acounts of SLH and SFC. Enquiry likely to take weeks to resolve. Basically the 10 points deduction looks more likely than it has previously.
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