Vital Football

Latest Southampton FC News

Saints announce financial loss

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.



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

Writer:Abe Hawken
Date:Monday November 24 2008
Time: 5:44PM

Best of Vital Network

Vital Boxing - Mike Towell – RIP

Vital Boxing - Tyson Fury Will Be Back!

Login to post a comment

Recent Southampton Articles

Saints Trio Get Under 21 Call

Matt Targett, James Ward-Prowse and Nathan Redmond have been named in the England Under 21 squad for their coming European Championship qualifiers in the October international window.

Vital Pre-Match - Premier League 30th Sept-2nd Oct

The 2016-17 season continues with the latest round of matches this weekend, which will see us among those having a match in this upcoming schedule with three-points the aim of course.

Saints Section - Hapoel Be'er Sheva 29-09-16

The unbeaten run was extended by Southampton but the Saints had to be content with a point from a draw against Hapoel Be'er-Sheva, who beat Inter Milan in the opening match.

Davis Gets Northern Ireland Call (30/9/16)

Steven Davis has been called up by Northern Ireland manager Michael O'Neill for the coming international break.

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)

Leicester v Southampton
Suggested By:
Southampton win67%
Leicester win33%
Draw0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Man City 6 6 0 0 18 13
2 Spurs 6 4 2 0 14 7
3 Everton 7 4 2 1 14 6
4 Arsenal 6 4 1 1 13 8
5 Liverpool 6 4 1 1 13 7
6 Man Utd 6 4 0 2 12 5
7 Crystal Palace 7 3 2 2 11 3
8 Chelsea 6 3 1 2 10 1
9 Southampton 6 2 2 2 8 1
10 WBA 6 2 2 2 8 1
11 Watford 6 2 1 3 7 -1
12 Leicester City 6 2 1 3 7 -3
13 Burnley 6 2 1 3 7 -3
14 Hull City 6 2 1 3 7 -5
15 AFC Bournemouth 6 2 1 3 7 -5
16 Middlesbrough 6 1 2 3 5 -3
17 Swansea 6 1 1 4 4 -5
18 West Ham 6 1 0 5 3 -9
19 Stoke 6 0 2 4 2 -11
20 Sunderland 6 0 1 5 1 -7
Latest F1 News
Latest Vital Boxing News

Recent Southampton Results (view all)

Southampton Fixtures (view all)

Oct 2 2016 2:15PM : Leicester City (a)
Barclays Premier League
Oct 16 2016 4:00PM : Burnley (H)
Barclays Premier League
Oct 23 2016 1:30PM : Manchester City (a)
Barclays Premier League
Oct 26 2016 7:45PM : Sunderland (H)
Capital One Cup
Oct 30 2016 4:00PM : Chelsea (H)
Barclays Premier League
Nov 6 2016 2:15PM : Hull City (a)
Barclays Premier League