Poised for a summer of highs and Lowes?
By: Mike | May 11th, 2008Well, now the boring business on grass involving 22 men and a ball is out of the way SFC can return to what it does best – off the field power struggles. The EGM on Friday should see Rupert Lowe and Michael Wilde assume control of the football club once again due to their combined share holdings of nearly 50%.
The real area of interest for Saints fans at the moment is a possible takeover by either the Jonathan Fulthorpe-led consortium who have been in discussion with Saints for some time or a new (possibly non-existent) group. The main barrier to a deal is whether or not Lowe and Wilde will be willing to sell up at a price any interested party can afford to offer, especially as they are about to assume control themselves.
Hopefully someone will have the funding in place to persuade all of the major shareholders to sell up and funding to make the club, at least, more secure financially. At the moment very few details on the takeover bid have been revealed but could it be linked to this?
A construction company, NAMG, have announced a deal with a UK company regarding the takeover of an unnamed football club and redevelopment of the surrounding area. I think very few Saints fans would begrudge an incoming takeover if it meant respite from the constant boardroom squabbling and the loss of a few nearby gas holders!
Whether the unnamed football club is Saints or not, I think all fans will be hoping that there will be an end to uncertainty in the boardroom early this summer so we can actually prepare for the new season properly.
Category: Takeover News
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