UTS

Exploiting a loophole ? I just explained that the hodling company was set up in 1997 thats 12 years ago !  There was no points deduction going on then. SLH also owns a a property company as well which owns a significal pile of land. You chaps need to get a grip on what a holding company is all about. If the holding company was set up after relegation or indeed in the last 12 months then THAT would indeed be trying to exploit the situation. I dont think the directors where looking for a loophole when their share values of £2m, £1.6m, £1.4m a number of £500K+ went up in smoke. Admin was the last thing they would of wanted losing all that dough ! Instead of crying about us you should be not trying to exploit the situation as it was not SFC that has put you in the bottom six of the league fighting relegation. Do not forget that you where saved from admin and 10 points deduction recently and it may still well happen in months to come.   Adios canaries        

[quote user="LQ"]That''ll be ''Saints'' Radio would it? No correlation there then... [/quote]   Immaterial on what it was called and having the same name means nothing im afraid. Again the radio station was set up several years ago.   Anyone saying we have exploited some loophole is hilarious as it was set up in 1997 ! What are the football league going to do tell all the clubs that are owned by holding companies and whose shares are divided all over the place shutdown !     

Well chaps im going to tell you a few things that you may or may not know. Southampton leisure holdings was formed in 1997 when it was listed on the stock exchange. Amongst owning the FC it owns the Stadium as well and in recent years has owned a radio station and insurance company. So its solely not was not just set up to run the FC. It was also clearly not set up to ''exploit'' any loophole as points deductions didnt even exist then ! I presume you are aware that Norwich City FC is owned by a holding company called Norwich City Football Club PLC. Not only you are a owned by a holding company many clubs are indeed esp in the PL. I can also think of Ipswich, charlton, Plymouth, Forest, Wolves, Sheff Utd of the top of my head in the Champ that are owned by holding companies. .     PS Its highly unlikely we will stay up anyway so no need to get so worked up.