
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 7
th in the Premier league.....