Doug P
Active member
Quote “Decision On Saints Expected Soon”
“Non-League may know by Tuesday if Southampton will drop into the Conference.
The Championship Saint are reported to be £30m in debt and ready to fold if a new buyer doesn’t come forward. St Mary’s sources say the process to begin winding up will be on Monday if a takeover isn’t completed. If that happens, a phoenix club will be formed and must start a minimum of two divisions down the Pyramid.
With Southampton already relegated after their breach of insolvency regulations. Conference chairman Brian Lee has already been sounded out about taking on a re-formed club.”
From The NLP – Sunday 3rd May 2009
This could turn into a very messy business and I do feel for the Saint’s fans BUT what about Plymouth ? are they still safe!
“Non-League may know by Tuesday if Southampton will drop into the Conference.
The Championship Saint are reported to be £30m in debt and ready to fold if a new buyer doesn’t come forward. St Mary’s sources say the process to begin winding up will be on Monday if a takeover isn’t completed. If that happens, a phoenix club will be formed and must start a minimum of two divisions down the Pyramid.
With Southampton already relegated after their breach of insolvency regulations. Conference chairman Brian Lee has already been sounded out about taking on a re-formed club.”
From The NLP – Sunday 3rd May 2009
This could turn into a very messy business and I do feel for the Saint’s fans BUT what about Plymouth ? are they still safe!