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.
Clyne & Wanyama React To Villa Draw (Tuesday April 22 2014)
Wanyama Targets Record Points Haul (Tuesday April 22 2014)
Finishing Annoys Pochettino (Saturday April 19 2014)
Duo In PFA Nominations (Saturday April 19 2014)
Stats: Aston Villa v Southampton (Saturday April 19 2014)
Poch - Villa Isn't Just Revenge (Thursday April 17 2014)
Davis - First Goal Was Going To Be Vital (Sunday April 13 2014)
Poch - We Lacked An Edge (Sunday April 13 2014)
Stats: Southampton v Cardiff (Saturday April 12 2014)
Poch's Challenge - Maximum Points (Friday April 11 2014)
|7. Man Utd||34||17||6||11||16||57|
|11. Crystal Palace||35||13||4||18||-13||43|
|Jose is Marmite
» Chelsea : 23/04/2014 13:59:00
|Olsson - We Have To Change Our Pattern
» WBA : 23/04/2014 13:53:00
|Dorrans - We Can Take The Positives
» WBA : 23/04/2014 13:44:00
|Double £5.5m Leeds 'Swoop'
» Crystal Palace : 23/04/2014 13:35:00
|Vital Villa Man Of Match v Southampton
» Aston Villa : 23/04/2014 13:10:00
|Could Six Points Be Enough?
» Cardiff : 23/04/2014 12:31:00
» West Ham : 23/04/2014 12:30:00