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, Apr 23, 15:34:14