Lowe: Southampton FC is priority
Southampton PLC chairman Rupert Lowe has stated that keeping the football club alive is the holding company's priority.
The Saints face the prospect of going into administration and being docked points after trading in shares in their parent company was suspended earlier on today.
Southampton Leisure Holdings PLC, also known as SLH for short, says it needs extra money to survive.
Speaking to BBC Radio Solent, Lowe said, "It's now about keeping Southampton Football Club alive. This is the only way it could have been done."
Lowe resigned as the club's chairman back in February 2006 before returning to St Mary's as SLH chairman just over a year ago, when fellow ex-Saints chairman Michael Wilde returned as chairman of the football club.
And he knows the objective for the football club is clear if the parent company enters administration.
"If we can stay in the Championship this club has a good chance of finding new investment. We have young players who are committed and will flourish in the future," he said.
Saints have seven matches left to avoid relegation to the third tier of English football for the first time in nearly half a century.
Their uphill struggle to defy the odds and beat the drop continues on Saturday, as the Championship's bottom club Charlton Athletic visit St Mary's.