Offer made for Soton

27-04-2007

Offer made for Soton
The owners of Southampton football club have confirmed the receipt of a preliminary approach to buy the club.

Southampton Leisure Holdings, the company in charge of the south coast outfit, made a statement to the London Stock Exchange today after the company's share price began to rise.

It is not clear at the moment who the offer is from or when a firm offer or a takeover would be completed.

The statement from the club read: "The board notes the recent rise in the company's share price and confirms that it has received and is 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.

"Further announcements will be made in due course."

The Saints represent a good chance to invest in a club that is potentially a sleeping giant.

They recently moved away from their old stadium, The Dell, to set-up home in the new 32,700-seater St Mary's Stadium – a four-star Uefa venue.

However the club's recent history has been less auspicious and after several seasons struggling near the foot of the Premiership, Southampton were relegated to the Championship in 2005.

They are still in with a chance of winning promotion back into the top flight this season however – currently lying seventh in the table, just one point behind Wolves in the final play-off position.


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