Southampton

Southampton Leisure Holdings, the owner of Southampton Football Club, has gone into administration.
The company said Southampton Football Club was "unaffected" by the insolvency proceedings.

 

Reight fiddle goin on there

they should lose 10 pts but you watch 'em wriggle out of it.

 

league meeting on tuesday to discuss southampton

 

I'd deduct 30 points off them for the next 10 seasons!!

 

Is Mr Bates associated with Mr Lowe at all?

 

If the Club aren't affected

then they should have no problems paying all their bills etc. on time and in full. If they can't do this due to lack of funding from the parent company then obviously they are affected, time will tell.

 

Interesting piece in The Times

http://www.timesonline.co.uk/tol/sport/football/football_league/article6018369.ece

 

I would have thought that they will almost definitely be penalised, but they must be confident that they can get away with it. Otherwise it is madness that they didn't take the option last week when the points will definitely be taken off this season, come what may.

The way that they have done it would mean that the points deduction would only come off this season if they finish outside the bottom three. This means that to stay up they would need to finish 11 points outside the bottom three, of which they have no chance. If they finish in the bottom three and are relegated anyway, the points will come off next season, meaning they will start in League One on minus 10 points. In reality, of course, they will get the further deduction, as per Rotherham and Bournemouth.

Something needs to be done about this though, because as far as I am aware, the Directors and people in the positions that create these messes are not penalised. Neither are the players, who get their contracts paid in full and the better ones of which will simply transfer to a team in the division their club has just left. Once again, the people that bear the brunt of this are the fans. I'd be much more in favour of tighter financial regulations with regards to spending to try to prevent clubs going into financial meltdown, rather than hand out these types of punishment. Look at Luton Town for example. The massive points deduction has almost definitely consigned them to the Conference, where their earning power will be reduced, making their job of getting back on track much more difficult.

Yes, I agree that sometimes the fans expectations and demands can have a hand in hte problems, i.e. the Leeds fans were happy demanding they spent big on players with high wages, so they can't start moaning when the club goes bust, but this calls for stronger people running the clubs. It makes you appreciate Cryne's stance at Barnsley. I'm sure we all suspect that if Cardiff don't go up, the likelihood is that they will end up on a slippery financial slope whilst you know who is holding the purse strings.

But once again, this whole system can only change from the top and whilst the so called big four are able to run at £300-400m losses then what message is this sending to the aspiring clubs in the division below. The FA and Football League have an option. Do they want four big clubs to dominate Europe and to hold a money spinning World Cup in the country, or do they want a sound financially structured league that will support professional clubs all across the UK, providing employment, live sport and youth facilities around the country. Unfortunately we know the answer and it's the people with sky subscriptions who are sitting being bombarded by the advertising that are their number one interest.

 

only 10 !!

id make it 50 at least !!

Hey up fella , hows tricks anyway?

 

Hello Mr Sailor

Hows the Falklands?
When you back? we've got a session or 2 to get in before the end of the season
(titanic)

 

RE: Hello Mr Sailor

feckin cold!

All good mate. we've just been off to south georgia, proper ice and stuff down there! off to Rio in a weeks time after this weekend in stanley , will go see about this fish and shop !!

Im back home for 10 days end of may so will have to see about a few in southampton one evenig if your up for it!

 

Sounds good to me

and i'm sure we'll get Mr Salisbury out as well

 

The bit that I don't understand

OK, say that Southampton don't get relegated and don't get the 10 points penalty. After they've gone into admin and written off all their debts which idiots (banks, football clubs) will ever deal with them again?

I don't understand how Leicester, Leeds etc. can obtain the money to buy new players so soon after they've just written off all outstanding debts. If I was a fan of a club at risk of admin, I'd be buying my season ticket using a credit card just in case they went t1ts up.

 

RE: Sounds good to me

i think that should be arranged ! we might even have championship football to talk about....

DAVEY OUT !!

 

I Think It's Clever

You can't blame them for taking advantage of a loophole.

 

Isn't that what Leeds did?

They didn't end up looking too clever then.

 

I might be being a bit naive here

But as the administrators are appointed to look after the interests of the parent company and obviously not southampton football club then shouldn't their first move be to close down the loss making company owned by the parent company and then concentrate on the other arms of this company to raise money?

 

I like it

 

oops, wrong place!

 

The ground wasnt seperated from the club to sell to the council was it?

I thought that Doyle seperated the two?