Vital Football

Latest Southampton FC News

Pinnacle pull out of Saints deal

Pinnacle pull out of Saints deal

The Pinnacle group fronted by Matthew Le Tissier have pulled out of the race to buy Southampton Football Club.

Things were looking up for the cash-strapped Saints when the Pinnacle group had a three week exclusivity deal with administrator Mark Fry.

However, the group did not reach an agreement for the sale of the Hampshire club.

A meeting was then scheduled with the Football League regarding a hopeful appeal to the ten point deduction, given to the Saints following entering administration.

The Football League did not grant Pinnacle the opportunity to appeal the points and today the group have withdrawn their bid to buy Southampton.

Le Tissier explained the situation to Sky Sports: 'It is with great regret and frustration, due to ongoing issues with the Football League, that I and in turn those behind the Pinnacle consortium have decided to withdraw our interest in purchasing Southampton football club.

'With the ongoing issues with the Football League persisting, our backers have simply refused to provide the requisite funds to complete the takeover.'



For the very latest League One odds

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

Writer:Abe Hawken
Date:Tuesday June 30 2009
Time: 8:06PM

Best of Vital Network

Vital Boxing - Mike Towell – RIP

Vital Boxing - Tyson Fury Will Be Back!

Comments

0
Gutted. Things are looking the dullest for weeks...
abesaint
30/06/2009 20:08:00
0
Are sure its not some dumb ploy to get the league to rethink - don't think it will work if it is - Good luck we know all about the rollercoaster ride of a take over at Swindon.
APG_STFC
30/06/2009 20:41:00
0
Never were the league going to change their mind. They never have on any other club. Very dum & niave to think you should get special treatment. You even get a bigger penalty than just minus ten. You deserve it!!!
storagematt
30/06/2009 21:44:00
0
Turns out that the FL gave us a contract to sign but Pinnacle didn't sign it. Things could have all been sorted out but typical old Saints - it didn't. Now we're relying on some Swiss group?? Or a knight in shinning armor to save our Saints.
abesaint
01/07/2009 11:13:00
0
Jeeez fellas what bad luck... Although as a Pompey fan I revel in your plight even I must have to admit you have had some pretty *****ty luck of late.. Hope you get a buyer and survive (but still get relegated again... but Pompey without Scummers is like Fish without Chips .. Chins up, hope for the best and hopefully somebody will come in and save the day .. so we can contnue our humour and also remain the best club in Hampshire..
Chix
01/07/2009 22:05:00
0
No special treatment for any Club that this happens to, others have gone before and taken the punishment and it made them better sides.
Tiny T
02/07/2009 21:02:00
0
True Tiny T.. Rotherham, Luton and the Cherries are all recent examples of that...
Chix
03/07/2009 01:44:00
0
As well as Leeds United Chix....The football league is a very badly run organisation!
Gromjo
05/07/2009 13:51:00
Page 1/1
  1. 1

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 Liverpool 7 5 1 1 16 8
3 Spurs 6 4 2 0 14 7
4 Everton 7 4 2 1 14 6
5 Arsenal 6 4 1 1 13 8
6 Chelsea 7 4 1 2 13 3
7 Man Utd 6 4 0 2 12 5
8 Crystal Palace 7 3 2 2 11 3
9 WBA 7 2 3 2 9 1
10 Southampton 6 2 2 2 8 1
11 Watford 7 2 2 3 8 -1
12 AFC Bournemouth 7 2 2 3 8 -5
13 Leicester City 6 2 1 3 7 -3
14 Burnley 6 2 1 3 7 -3
15 Hull City 7 2 1 4 7 -7
16 Middlesbrough 7 1 3 3 6 -3
17 Swansea 7 1 1 5 4 -6
18 West Ham 7 1 1 5 4 -9
19 Sunderland 7 0 2 5 2 -7
20 Stoke 6 0 2 4 2 -11
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