I think we have pretty much summed it up in two posts...

The League also found that: "The holding company has no income of it's own; all revenue and expenditure is derived from the operation of Southampton football club and the associated stadium company.

"The holding company is solvent in its own right. It only becomes insolvent when account is taken of the position of Southampton football club and the other group companies."

I cant see how they could get out of that one.

Posted By: Klobo04 on April 23rd 2009 at 15:34:14


Message Thread


Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.

Log in