UK time is: 22:21:19
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Saints announce financial loss

Rupert Lowe has revealed that Southampton Football Club has lost 4.9 million in the last year. The Chairman, who returned to club back this May, publicized the financial trouble the club is in.

Lowe, who among many Saints fans is disliked, gave a statement which portrayed how the club substantially lost money in the calendar year: "to lose 4.9m after a 12.7m profit on player disposals, and to run a player/coach wage bill of 81% of turnover speaks for itself." The chairman said.

The loss of money is hard to grasp when the profit on player disposals was an impressive 12.7 million. This was from the sales of: Theo Walcott (down payments of) 4.1m, Gareth Bale 5m, Dexter Blackstock 0.5m, Martin Cranie 0.4m, Kenwyne Jones 4.8m, Chris Baird 3m and Leon Best 0.7m over the past two years.

With the return of Lowe as Chairman, the club has seemed more stable. The appointment of Jan Poortvliet as manager is a reasonably popular one, considering the budget the club has.

The use of the academy, despite lacking experience has resulted in exciting, attacking football. This season, Lowe also shut off the four corners in order to cut down stewarding and policing wages. It is decisions like this that are unpopular among fans, but are done to keep the club financially afloat.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: Abe Hawken Mail feedback, articles or suggestions

Date:Monday November 24 2008

Time: 5:44PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Southampton Articles

Mane Deals Also Goes Through (Tuesday September 2 2014)

Alderweireld Deal Confirmed (Tuesday September 2 2014)

Two Further Loans Confirmed (Monday September 1 2014)

Ramirez Makes Hull Loan Move (Monday September 1 2014)

Sinclair Out On Loan (Monday September 1 2014)

Transfer Deadline Day Live Blog (Monday September 1 2014)

Koeman - We Showed Great Character (Sunday August 31 2014)

Schneiderlin & Fonte Post West Ham (Saturday August 30 2014)

Stats: West Ham v Southampton (Saturday August 30 2014)

Archived Southampton Articles

List All Vital Saints Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Vital Saint 6
2. WillT 1

League Results (view all)

Latest Results
West Ham 1 - 3 Southampton
Southampton 0 - 0 WBA
Liverpool 2 - 1 Southampton

League Table (view table)

Team P W D L GD Pts
5. Liverpool 3 2 0 1 2 6
6. Spurs 3 2 0 1 2 6
7. Arsenal 3 1 2 0 1 5
8. Southampton 3 1 1 1 1 4
9. Hull City 3 1 1 1 0 4
10. Stoke 3 1 1 1 0 4
11. West Ham 3 1 0 2 -1 3

Breaking League News

Odemwingie requires surgery
Stoke : 02/09/2014 20:07:00
Liverpool: Reds Rejected Borini Offers
Liverpool : 02/09/2014 19:09:00
Cleverley - Villa Decision Was An Easy One
Aston Villa : 02/09/2014 18:18:00
Fitness Is The Key For Morrison amp; Davidson
WBA : 02/09/2014 17:58:00
New 5 Year Deal for Cesar
Chelsea : 02/09/2014 17:43:00

Current Site Poll (view all polls)

West Ham MotM
Suggested By:  Vital Saint
Forster 1%
Clyne 0%
Yoshida 0%
Fonte 0%
Bertrand 0%
Schneiderlin 90%
Ward-Prowse 9%
S Davis 0%
Tadic 0%
Pelle 0%
Long 0%
Sub - Ramirez 0%
Sub - Cork 0%