UK time is: 03:07:45
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

Davis & Clyne Talk Sunderland (Monday May 4 2015)

Audio - Koeman On Sunderland Loss (Saturday May 2 2015)

Koeman Previews Sunderland (Thursday April 30 2015)

Schneiderlin Out For The Season (Thursday April 30 2015)

Archived Southampton Articles

List All Vital Saints Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
4. Man Utd 35 19 8 8 24 65
5. Liverpool 35 18 7 10 11 61
6. Spurs 35 17 7 11 5 58
7. Southampton 35 17 6 12 20 57
8. Swansea 35 15 8 12 -1 53
9. West Ham 35 12 11 12 1 47
10. Stoke 35 13 8 14 -5 47

Breaking League News

Olsson - I Was A Bit Slow
WBA : 04/05/2015 22:43:00
Pulis On Contracts amp; Summer Plans
WBA : 04/05/2015 22:38:01
Pulis On Manchester United Win
WBA : 04/05/2015 22:28:01
Davis amp; Clyne Talk Sunderland
Southampton : 04/05/2015 22:09:00
It's Happened Agaaaaaaiiiinnnn
Arsenal : 04/05/2015 22:05:01

Current Site Poll (view all polls)

Sunderland MotM
Suggested By:  Site Staff
K Davis 0%
Clyne 0%
Fonte 0%
Yoshida 0%
Bertrand 0%
Wanyama 0%
Alderweireld 0%
Long 0%
Ward-Prowse 0%
Mane 0%
Pelle 100%
Sub - Djuricic 0%
Sub - S Davis 0%
Sub - Elia 0%