League hit back in Pinnacle row

Wed, 01 Jul 11:24:46 2009

The Football League have reacted with surprise to the reasons behind the Matt Le Tissier-backed Pinnacle consortium's failed takeover of Southampton.

The proposed buy-out stalled last month over the League's 10-point penalty handed out to Saints after their parent company entered administration back in April.

Yet Le Tissier claims he had persuaded his financial backers to accept the deduction, only for "other issues" to scupper the deal.

But a Football League spokesman said: "We are very surprised by the comments that other conditions, allegedly imposed by the League, led to the Pinnacle Group withdrawing from their proposed takeover of Southampton Football Club.

"Throughout our discussions no conditions other than a waiver in regard to sporting sanctions have ever been raised with us as a major issue.

"The Pinnacle Group has been in receipt of a contract from the League for over a week now. To proceed, all it needed to do was to provide clarification in regard to funding and sign the contract."

 

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  1. i'm from romania and i am a southampton fan since­ 98 and i cannot believe this is happening but if the­ saints go bust i'll quit football 4 ever.i cannot­ imagine my life without this­ club......................someone out there please do­ something

    From Ana, on Wed 1 Jul 4:10PM
  2. The fact remains that there is some dodgy going on at­ the FOOTBALL LEAGUE someone is NOT telling the truth,­ come on Matt Le Tissier and the Football league tell us­ long long suffering saints fans the truth, if our club­ is going to go out of business then please please­ please someone tell us the real reason for this pull­ out and its NOT only the 10 point deduction there are­ some other sinister reasons.

    From carychalkley, on Wed 1 Jul 12:39PM
  3. Aaaah! Why did you not sign on the dotted line then­ Matt????

    This is all just a big joke now, its­ pathetic!

    From ngspuduk, on Wed 1 Jul 12:36PM
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