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
- So if we finish 3rd from bottom and Southampton 4th from bottom (NCFC) - Small, Apr 23, 15:27:28
- From what I've read Southampton dont have an appeal leg to stand on (NCFC) - Klobo04, Apr 23, 15:31:12
- Moreover the parent company is actually solvent until you apply the debts of the football (NCFC) - jafski, Apr 23, 15:32:22
- I think we have pretty much summed it up in two posts... (NCFC) - Klobo04, Apr 23, 15:34:14
- Moreover the parent company is actually solvent until you apply the debts of the football (NCFC) - jafski, Apr 23, 15:32:22
- bloody unlikely (n/m) (NCFC) - SCC 28, Apr 23, 15:28:14
- From what I've read Southampton dont have an appeal leg to stand on (NCFC) - Klobo04, Apr 23, 15:31:12
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