Vital Football

Latest Southampton FC News

Southampton In The Black Not Red

Southampton In The Black Not Red

£33m of loans invested in the club by the estate of former owner Markus Liebherr will not have to be paid back. The money was invested in the club over the two seasons to June 2011, but has now been converted into shares, removing it as a liability.

Chief financial officer Gareth Rogers told BBC Radio Solent: 'Effectively the club no longer owes that money.'

So even though we showed a loss for last season of £11.5 million pounds we are still in the clear which is great news for all concerned with the club.

Though costs have risen as the club has prospered on the field of play, we are told that the costs have been less than predicted and are well within the safety margin required.

The future looks bright financially both on and off the field and as Saints fans it is another reason to be joyful.



Join Vital Southampton

It's easy to REGISTER HERE, simply click the link and enjoy getting involved!



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

Writer:SFC Forever
Date:Thursday March 29 2012
Time: 2:59PM

Login to post a comment

Recent Southampton Articles

No Fresh Injury Concerns Following Leicester Defeat

Manager Mauricio Pellegrino was obviously hugely disappointed as Southampton lost heavily to Leicester City in midweek, but he confirmed we had now fresh...

All Clear On The Injury Front For The Saints

Our weekly update looking at the injury table for Southampton FC and also comparing with all our competitors in the Premier League.

Officials - Chelsea v Southampton (16/12/17)

The Premier League have now announced the Match Day officials that will take charge of the game between Chelsea and Southampton this Saturday.

Vital View - Premier League - 12th-13th December 2017

The Premier League season continued with the latest round of games played during midweek, 12th-13th December.

Southampton Archived 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 MotM
Suggested By: Site Staff
Forster0%
Soares0%
van Dijk0%
Yoshida0%
Bertrand0%
Romeu100%
Lemina0%
Tadic0%
Davis0%
Boufal0%
Austin0%
Sub - Gabbiadini0%
Sub - Redmond0%
Sub - Ward-Prowse0%
ScoopDragon Premier League Network Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Southampton Results (view all)

Southampton Fixtures (view all)

Write for Vital Football