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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.




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The Journalist

Writer: Stef C Mail feedback, articles or suggestions

Date:Friday February 24 2006

Time: 12:58PM

Your Comments

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
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
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
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
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
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
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
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
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
 

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