Saints no nearer end of takeover turmoil
By: Mike | March 18th, 2008According to the BBC a week ago a takeover bid is imminent for Saints. The men involved are a local barrister and businessman so it seems unlikely they would introduce the sort of significant funds that are required to rebuild the squad fully but it might at least put the club in a position where the threat of administration wouldn’t loom so large.
How imminent is imminent? Well, current chairman Leon Crouch stated that new investment might be forthcoming in “six to nine months” before a fans forum last Thursday according to the Daily Echo. The main stumbling block to any takeover is probably going to be getting the three main shareholders at Saints (Crouch, Wilde and Lowe) to sell up at the same time.
I’d guess we’re not going to see any true developments on the takeover front till the end of the season at the earliest. It could be that, as with the rumoured Paul Allen deal last season, any takeover is dependent on which division we find ourselves in.
Category: Takeover News
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I never thought I’d say this, but… I’m starting to miss having Lowe in charge.
Now, if you’ll excuse me, I need to go bathe myself to wash off the dirty stench of what I just said.
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