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The Football League did not grant Pinnacle the opportunity to appeal the points and today the group have withdrawn their bid to buy Southampton.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

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

Riley Explains Postponements

It doesn't happen often in the Premier League or Championship thesedays, but League's 1 & 2 still suffer the odd postponement owing to the weather and Mike Riley...

Vital Preview - FA Cup, 17th-18th January 2017

The 2016-17 FA Cup season continues with the third round replays this midweek. We'll be taking part with the aim of continuing our progress in this world famous competition.

Officials - Southampton v Norwich (18/1/17)

The Football Association have now announced the Match Day officials that will take charge of the game between Southampton and Norwich City this Wednesday.

Hojbjerg - Saints Will Stick Together

Midfielder Pierre-Emile Hojbjerg has said that the team will stand and stick together following the disappointing defeat to Burnley at the weekend.

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)

FA Cup - Southampton v Norwich City
Suggested By:
Southampton win0%
Norwich win100%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 21 17 1 3 52 30
2 Spurs 21 13 6 2 45 29
3 Liverpool 21 13 6 2 45 25
4 Arsenal 21 13 5 3 44 26
5 Man City 21 13 3 5 42 15
6 Man Utd 21 11 7 3 40 12
7 Everton 21 9 6 6 33 9
8 WBA 21 8 5 8 29 0
9 Stoke 21 7 6 8 27 -6
10 Burnley 21 8 2 11 26 -8
11 AFC Bournemouth 21 7 4 10 25 -7
12 West Ham 21 7 4 10 25 -9
13 Southampton 21 6 6 9 24 -7
14 Watford 21 6 5 10 23 -13
15 Leicester City 21 5 6 10 21 -10
16 Middlesbrough 21 4 8 9 20 -5
17 Crystal Palace 21 4 4 13 16 -10
18 Hull City 21 4 4 13 16 -25
19 Sunderland 21 4 3 14 15 -20
20 Swansea 21 4 3 14 15 -26
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Southampton Results (view all)

Southampton Fixtures (view all)

Jan 17 2017 7:45PM : Norwich City (H)
FA Cup
Jan 22 2017 12:00PM : Leicester City (H)
Barclays Premier League
Jan 25 2017 8:00PM : Liverpool (a)
Capital One Cup
Jan 31 2017 7:45PM : Swansea City (a)
Barclays Premier League
Feb 4 2017 3:00PM : West Ham United (H)
Barclays Premier League
Feb 11 2017 3:00PM : Sunderland (a)
Barclays Premier League
The Vital Football Members League