Created by incongruousm on May 15, 2008
Last updated: 03/11/10 at 10:21 AM
Southampton Leisue Holdings announce they are no longer in discussions with any party regarding possible offers for the company.
"The Company announces that it has terminated offer talks and therefore is not in discussions with any party regarding a potential offer for the Company. Accordingly the Company is no longer in an offer period."
A statement from Rupert Lowe said:
"We now have to have a close look at the books and decide how to take the club forward. We will be driven from now on by what we want to do and what the bank is happy for us to do.
"The fans have to understand that it is not a good picture and Michael and I are here to restore the club to financial health.
"I have said many times before that if you are in hock to the bank then it is the bank who decide what happens rather than the board.
"We will reinstate long-term rather than short-term planning. The club has been bailed out in the past couple of years by the Academy which was a legacy of the old board.
"But it is no good talking about blame. We are where we are and the key now is to look forward and long-term planning will be an essential part of that.
"There are no promises. It is going to be a long fight back and fans have to understand that.
"We need their support more than ever. We are all in this together and we need them to get behind us and to move forward with unity and purpose."
"I am very grateful to have had the opportunity to serve the company and Southampton Football Club.
"I have thoroughly enjoyed my time here. It is a great club with a tremendous staff and set-up and I really hope they get back to the Premier League quickly.
"We came agonisingly close to doing it a year ago and we thought we had a great chance again this season but we ended up celebrating finishing 20th in the Championship.
"You could tell from the pitch invasion how badly the fans want good news and success. They deserve it because they are the heart and soul of this club.
"I have enjoyed my time here and I can only hope that everyone - fans, shareholders and employees - can put past differences behind them to unite and take this club forward again."
"Nigel Pearson has been appointed as Saints manager in the wake of Saturday's FA Cup defeat at Bristol Rovers.
The former Newcastle assistant boss today signed a rolling contract taking over from caretaker duo John Gorman and Jason Dodd who are 100 per cent behind the appointment and will stay on as backroom staff."
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Southampton 0 - 4 Bury