Southampton - Southampton In The Black Not Red
UK time is: 19:44:14
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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!




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: SFC Forever Mail feedback, articles or suggestions

Date:Thursday March 29 2012

Time: 2:59PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Southampton Articles

Romeu On Win & Competition (Friday September 4 2015)

The Southampton Injury Table.. (Friday September 4 2015)

Reed On Window & Wanyama (Wednesday September 2 2015)

Forster Sold Southampton To Me - van Djik (Wednesday September 2 2015)

Ward-Prowse Named England Under 21 Skipper (Wednesday September 2 2015)

Audio - van Dijk On Saints Move (Tuesday September 1 2015)

Van Dijk Finally Signs On (Tuesday September 1 2015)

Koeman & Fonte Talk Norwich Win (Tuesday September 1 2015)

Mayuka Makes Permanent Metz Move (Tuesday September 1 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
7. Liverpool 4 2 1 1 -1 7
8. West Ham 4 2 0 2 3 6
9. Everton 4 1 2 1 1 5
10. Southampton 4 1 2 1 0 5
11. AFC Bournemouth 4 1 1 2 -1 4
12. Aston Villa 4 1 1 2 -1 4
13. Chelsea 4 1 1 2 -3 4

Southampton Fixtures (view all)

Breaking League News

Southampton's 25 Man Premier League Squad
» Southampton : 04/09/2015 18:38:01
Romeu On Win & Competition
» Southampton : 04/09/2015 18:35:01
Pellegrini Confident On Attacking Options
» Man City : 04/09/2015 18:02:01
CL Opposition Squads Known
» Man City : 04/09/2015 17:55:01
Leicester Announce 25 Man Premier League Squad
» Leicester City : 04/09/2015 17:44:00

Current Site Poll (view all polls)

Norwich MotM
Suggested By:  
Stekelenburg 3%
Soares 4%
Fonte 0%
Yoshida 0%
Targett 0%
Romeu 26%
Ward-Prowse 8%
Mané 21%
Davis 0%
Tadic 30%
Pellè 8%
Sub:-Rodriguez 0%
Sub:-Martina 0%
Sub:-Juanmi 0%