Date:Monday February 26 2007
As reported on Saturday morning by Vital Southampton, Chairman Michael Wilde has offered his resignation and the board have accepted.
Wilde will officially step down on Wednesday, the reason behind the resignation is an apparent failure to bring in new investment into Southampton football club.
Part of the club statement reads: Michael led the initiative to secure the new investment monies necessary to ensure the long-term financial stability of Southampton Football Club.
He has been unsuccessful in those endeavours and no new investment funds have been injected into the business during the course of his tenure as a director and Vice Chairman of SLH.
In consequence of this, the board reassigned the task of raising new funds to other directors of SLH.
Michael offered his resignation as a director of both the PLC and the football club with effect from 28 February and this was accepted by the board of SLH as being in the best interests of the football club and the company as a whole.
Join Vital Saints
To visit the Vital Saints message board, click here.
This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Why not write a match report? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Saint.
Saints Sow Seeds For Next Season (Friday May 24 2013)
Saints Elite Centre Still Has Places Available (Thursday May 23 2013)
Jay Rod Thanks Fans (Wednesday May 22 2013)
Saints Bank Record Income (Wednesday May 22 2013)
Cork Happy With Saints First Season At The Top (Tuesday May 21 2013)
The First Of Many For Southampton (Tuesday May 21 2013)
Saints Fans Thanked By Club (Monday May 20 2013)
Lambert Pleased With Debut Season (Monday May 20 2013)
Pochettino Targets Improvement (Monday May 20 2013)
Kelvin Enjoyed Stoke Run Out (Monday May 20 2013)
|15. Aston Villa||38||10||11||17||-22||41|
|Liverpool: Robinson Gets England U21 Call
» Liverpool : 24/05/2013 18:03:00
|Something For The Weekend (425)
» Aston Villa : 24/05/2013 17:50:00
|More NUFC Spin
» Newcastle : 24/05/2013 17:34:00
|Mourinho Has Nothing to Prove
» Chelsea : 24/05/2013 17:14:00
|In response to (The king is where he belongs now)
» Chelsea : 24/05/2013 15:43:00
|And Still More On Benteke, This Time Agent Denials
» Aston Villa : 24/05/2013 15:08:00
|Villa Hospitality Scoop The Main Awards - Again
» Aston Villa : 24/05/2013 15:00:00