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12:05pm Thursday 2nd April 2009 in
SAINTS' parent company is now officially in administration.
The stock exchange released a statement confirming the appointment of the administrators Begbie Traynor at Southampton Leisure Holdings.
They also confirmed the resignations of Rupert Lowe, Michael Wilde and Andrew Cowen.
The full statement is below: 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.
Comments(4)
Stoker
says...
3:23pm Thu 2 Apr 09
Stoker
says...
3:58pm Thu 2 Apr 09
Ryan Mckinlay
says...
4:04pm Thu 2 Apr 09
Saintlygirl wrote:40 quid wont go far love!
Great that Lowe and Wilde are out, but worrying times ahead. PLEASE someone with money buy our club. Or failing that, if every Saints fan paid £10.00 each, we could all own it. I so hope that 1. we don't go down, and 2. a fab buyer is found. COYR.
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Saintlygirl says...
2:59pm Thu 2 Apr 09