Wanted cash

Things at Southampton FC have started to get silly. And that is off the field rather than on it!


It's fairly well documented that following relegation from the premiership, the clubs financial position was only really viable if they got promoted back to the Premier League (as it has become in the intervening period) during the next two seasons when they still received the parachute payments from the Premier league. (This is a payment paid to relegated teams to help them adapt to life outside the Premier League, I.E. continue to pay the players the salaries demanded by Premier league players for the remainder of their contracts).


That finished for us at the end of last season and to avoid administration, at the end of last season we sold Gareth Bale, Chris Baird and Kenwyne Jones (something like £15m for the 3) and we all thought that was us sorted financially for this season.

Now this is posted on the website. So that's probably Andrew Surman sold in Jan then (and maybe Grzegorz Raziak). As you can see there is an offer on the table, but the existing shareholders are not happy with it and it's from a hedge fund, which has all sorts of implications I'm not comfortable with.


There is one recurring rumour , based around Microsoft founder Paul Allen, ignore the date on the linked article it's just an example and I can only hope that is true. Otherwise at present a formally financially well run club is going the way of Leeds and Coventry.


And Pompey are 7th in the Premier league.....