This is a discussion on Shares in Southampton suspended within the European Sports forums, part of the Sports Forums category; Originally Posted by BBC Sport
Shares in Southampton suspended
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Southampton face the prospect of going into administration and being docked points after trading in shares in the club's parent company was suspended.
Southampton Leisure Holdings plc says it needs extra money to have a future.
"Unless this is secured the company will be unable to continue as a viable business for the forthcoming 12 months," read a SLH statement.
The Saints are currently second from bottom of the Championship, three points adrift of safety.
While talks with a number of parties are ongoing, the company said it was required to suspend its shares because the uncertainty had prevented it from posting half-year results before Tuesday's three-month deadline.
Another former Premiership team sinking lower and lower, surely they wont survive if docked points.
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It's frightening seeing established Premiership clubs go down and just fall into the abyss.
It's not frightening, really, it's expected.
Leeds fucked about with money, spent more then they had, and look where they are now. Southampton have had problems behind the scenes with the chairman etc, so it's not suprising to see them down there.
Lots of ex Premiership clubs are very close to administration because they've spent more money than they have. Sheffield Wednesday, Charlton Athletic, Leeds United and Southampton are prime examples.
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