Update
25 4월 2009 - 1:00AM
UK Regulatory
TIDMSOO
RNS Number : 1664R
Southampton Leisure Holdings PLC
24 April 2009
Southampton Leisure Holdings Plc
The joint administrators ("the Administrators") to Southampton Leisure Holdings
plc ("the Company"), the AIM-listed holding company that owns Southampton
Football Club ("the Club") today issued the following response to the findings
of the independent forensic report commissioned by the Football League ("the
League").
The Administrators and the Club were informed of the League's intention to issue
a release on the findings of the independent forensic report five minutes before
its publication, allowing no time for consultation and both the Administrator
and the Club to inform fans, players and staff. These findings have resulted in
the League applying a 10 point penalty to the Club. The deduction of points will
take effect either:
1. in the current season if the Club avoid relegation; or
2. next season, if the Club does not avoid relegation.
The Administrators are of the opinion that an incorrect conclusion has been
reached. The football regulations do not apply to the circumstances surrounding
Southampton Football Club. This is a view shared by the lawyers and advisers to
both the Club and the Administrators.
With regard to the issue surrounding non-cooperation by the Company to the
League's investigation, this allegation is not accepted. A different scope of
investigation was issued to the Club and to the accountants instructed by the
League which resulted in questions being raised outside of the scope of the
investigation. This matter had been raised by the solicitor acting for the Club
and no response has been received. Both the Club and the Administrator were
unaware that the investigation had been concluded.
Both the Club and the Administrators are now considering their positions and
expect to launch an appeal.
For further information, please contact:
+-----------------------------------------+------------------------------------+
| Begbies Traynor | |
+-----------------------------------------+------------------------------------+
| Mark Fry / Kirstie Provan | 020 7398 3800 |
+-----------------------------------------+------------------------------------+
| Smithfield | |
+-----------------------------------------+------------------------------------+
| John Kiely/Will Swan/Will | 020 7360 4900 |
| Henderson/Andrew Wilde | |
+-----------------------------------------+------------------------------------+
| Seymour Pierce | |
+-----------------------------------------+------------------------------------+
| Paul Davies | 0207 107 8000 |
+-----------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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