Vital Football

Latest Southampton FC News

Buyer pays £1.27m for Saints stake

Buyer pays £1.27m for Saints stake

During the last few months we have seen much speculation about a possible takeover at St Mary's and today it has been announced that nearly 10% of Southampton Leisure Holdings has been purchased for £1.271 million.

The 2,542,737 shares were sold by Director Paul Thompson, though he has retained enough shares to still hold a place on the board.

The buyer has yet to reveal himself, but will have to in the next few days. Businessman Andrew Strode-Gibbons is thought to be involved, he admitted last week a consortium was being put together to try to take over from Lowe.

In the City it is thought the purchase is a prelude to a full takeover bid, which could now be mounted within days.

Being pretty unfamiliar with the stock market I don't totally understand how the valuation of the club is met. For a start the shares were bought today for 50p each, which values the club at around £14 million. The share price has remained pretty stable over the years it's been on the Stock Exchange, how come the club wasn't worth way more in the Premiership?

The most confusing thing is how the club was worth only £14 million even a few months ago before Theo Walcott left the club, he alone had a value of £15 million. Even now with the players we have left the value of the individual assets, the players, coach, academy, facilities is worth more than £14 million; what is to stop any floated football club being bought outright by a shrewd businessman and the players being entirely sold off for profit ?

Maybe any Saints fans with an understanding of the Stock Exchange could enlighten me in our forum.

Also let us know if you think this further major disruption is going to have an adverse affect on the club, just as we appear to be turning things round.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football


Click here to join in the debate on the club forum.

Writer:Stef C
Date:Friday February 24 2006
Time: 12:58PM

Comments

0
Im bit worried it'll be a total buyout and Burley could walk, as he likes lowe/woodward. The new owner would soon be very unpopular if that happened.
fizzypooptour
24/02/2006 13:09:00
0
Yeah that is a big worry, he'd have to promise to inject a lot of money into the team to show its worth him taking over. Be best things stay same otherwise...GB's just gettin it together.
koop
24/02/2006 13:13:00
0
Like a lot I think it is time for Lowe to go but keep the off the field Politics away from the on field happenings. GB is doing a good job , leave him to it. saintstr1
saintstr1
24/02/2006 13:22:00
0
Its hard to judge the assets, theyre worth more than 14m in future yes, but not now. Young players like Dyer, Dex, Bart, Surman, Jones, Cranie etc will be worth loads when they develop - not yet - so its not like someone could just buy club and wreck us by selling them now, they'd have to pay to coach and develop them too.
ronnie
24/02/2006 13:26:00
0
saintstr1 - it'll be impossible to keep the two things apart. I'd be happy if i knew new people were gonna be good for club and have money for players and GB would be ok with it.
fizzypooptour
24/02/2006 13:37:00
0
least it might finally end the saints, pompey spat caused by lowe, mandaric and HR. Longs as Burley stays im happy. If not any new owner will be lynched!
1976
24/02/2006 13:41:00
0
Spose we've had a chairman who cant hold onto managers for five minutes hopefully we'll get one who can get behind a boss and keep him for years.
koop
24/02/2006 13:44:00
0
So who is this Wilde Man and what are his intentions? , He would get the fans respect if he issued a Statement of his intentions. There is to much cloak & Dagger stuff going on again. Rupert Lowe has treated the fans like mushrooms , Keep 'em in the dark and feed 'em bull---t , we need a bit of truth & honesty
saintstr1
24/02/2006 15:46:00
0
maybe this guys just being shrewd and buying them up so when the strode consortium come in he'll sell em and make a profit. Dont like how its all secretive but guess that comes with floated companies - no one shows their cards beforehand.
koop
25/02/2006 13:35:00
Page 1/1
  1. 1

Login to post a comment

Recent Southampton Articles

Rodriguez Targets Tottenham

Jay Rodriguez is hoping to enjoy a strong end to the season, starting with Tottenham Hotspur this weekend.

Consistency Remains Key For Mane

Manager Ronald Koeman has said that consistency for Sadio Mane is key to him becoming the player he potentially could be.

Long Talks 100 Milestone

Republic of Ireland international striker Shane Long has spoken of his delight at hitting the 100 goals following the victory over Manchester City.

Match Day Officials v Tottenham (8/5/16)

The Premier League have now announced the Match Day officials that will take charge of the game against Tottenham Hotspur this weekend.

Archived Vital Saints Articles

Vital Saints articles from

Site Journalists

SFC Forever
no email
Profile
Vital Saint
Editor email
Profile
Matt Gardner
no email
Profile

Current Poll (see more polls)

Man City MotM
Suggested By: Site Staff
Forster1%
Martina0%
Fonte0%
van Dijk6%
Bertrand0%
Wanyama0%
Clasie0%
Mane21%
Davis6%
Tadic18%
Long42%
Sub - Romeu3%
Sub - Ward-Prowse0%
Sub - Rodriguez3%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 36 22 11 3 77 30
2 Spurs 36 19 13 4 70 39
3 Arsenal 36 19 10 7 67 25
4 Man City 36 19 7 10 64 30
5 Man Utd 35 17 9 9 60 12
6 West Ham 35 15 14 6 59 17
7 Southampton 36 16 9 11 57 14
8 Liverpool 35 15 10 10 55 11
9 Chelsea 35 12 12 11 48 7
10 Stoke 36 13 9 14 48 -14
11 Everton 35 10 14 11 44 6
12 Watford 35 12 8 15 44 -6
13 Swansea 36 11 10 15 43 -13
14 WBA 36 10 11 15 41 -14
15 AFC Bournemouth 36 11 8 17 41 -20
16 Crystal Palace 36 10 9 17 39 -10
17 Newcastle 36 8 9 19 33 -25
18 Sunderland 35 7 11 17 32 -18
19 Norwich 35 8 7 20 31 -26
R Aston Villa 36 3 7 26 16 -45
Latest F1 News
Latest Vital Boxing News

Recent Southampton Results (view all)

Southampton Fixtures (view all)

May 8 2016 1:30PM : Tottenham Hotspur (a)
Barclays Premier League
May 15 2016 3:00PM : Crystal Palace (H)
Barclays Premier League