davieG Posted 27 April 2007 Posted 27 April 2007 So many clubs with money now - Will MMs £9mill be enough to get us promoted? Southampton have confirmed they have received a takeover approach for the St Mary's club. Saints have been on the rise in the Championship and it has been a similar story on the Stock Exchange as their share price has been on the increase. Michael Wilde has been seeking investment since replacing Rupert Lowe as chairman last summer and the club have released a statement to the Stock Exchange confirming an approach has been made. A statement released by the club to the Stock Exchange read: "The board note the recent rise in the company's share price and confirm we have received and are considering a preliminary approach which may or may not lead to an offer being made for the company. "The board's consideration is at an early stage and there is no guarantee that any offer will be forthcoming."
Fez of Mahrez Posted 27 April 2007 Posted 27 April 2007 This time next year we'll be the poorest club in the country even with Mandaric at the helm.
potter3 Posted 27 April 2007 Posted 27 April 2007 Yeah but at least he has experience of doing it before
davieG Posted 27 April 2007 Author Posted 27 April 2007 This time next year we'll be the poorest club in the country even with Mandaric at the helm. Sorry for delivering boring news
Steven Posted 27 April 2007 Posted 27 April 2007 Sorry for delivering boring news Never be sorry for your contributions.
Flynny Posted 28 April 2007 Posted 28 April 2007 I'm happy with Mandaric even if he said he was giving us 30p and a packet of crisps to invest. He's a good businessman and knows his football, and that's worth as much as his money, I reckon. Not that it doesn't help, of course.
Webbo Posted 28 April 2007 Posted 28 April 2007 from the sporting life site; A representative of American billionaire Paul Allen has denied speculation he is the investor behind a proposed takeover of Southampton. Allen, a co-founder of global software giant Microsoft, was yesterday linked in the media with a move for the Coca-Cola Championship club, following confirmation that parent company Southampton Leisure Holdings was considering an approach from an unnamed investor that could lead to a takeover. The American tycoon, rated 19th in last month's Forbes.com list of the world's billionaires with a net worth of US 18 billion, is the owner of the Seattle Seahawks NFL and Portland Trail Blazers NBA franchises. A spokesman for his personal investment company Vulcan Ventures, however, denied any link to a buyout of Southampton. "There is no truth to the rumour and Mr Allen does not have any interest in purchasing or making a bid on this football team," said Michael Nank, of Vulcan Ventures. "I'm not sure where the rumour had started but it is certainly not true and there has not been any sort of interest in the past, so it is a surprise to see this hit the wires." Nank added that despite Allen's sporting interests in the States it was unlikely that he would be joining the current crop of American investment in English football, for the time being at least. "There hasn't been any interest (in English football) in the past and there's certainly not an interest in it at this moment or, I believe, in the near future for that to take place. Anything else would be speculation." Southampton have been searching for new investors since Michael Wilde replaced Rupert Lowe as chairman last summer. A statement released by the club to the Stock Exchange read: "The board note the recent rise in the company's share price and confirm we have received and are considering a preliminary approach which may or may not lead to an offer being made for the company. "The board's consideration is at an early stage and there is no guarantee that any offer will be forthcoming."
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