Liebherr family behind Saints bid

06 July 2009 02:20
Southampton Football Club is on the verge of being taken over by a member of one of Europe's biggest business dynasties, reports BBC Radio Solent. A member of the family behind the Swiss-based Liebherr Holdings group is closing in on a purchase at St Mary's. The bid has not come, as reported, from siblings Isolde and Willi Leibherr, or their Leibherr Group company. Administrator Mark Fry said: "Although you're never sure a buyer won't pull out, I'm more confident of a sale." Before a deal can be completed, there are several issues that have to be sorted out, including the Football League carrying out a period of due diligence on the club's prospective new owners. The Liebherr Group is a multi-national company, which has been at the forefront of the construction industry worldwide for over 50 years. The administrator's deadline for the sale of the football club passed on Friday, without him carrying out a threat to wind up the club. Southampton went into administration in April, and as a result, will start the League One season on minus 10 points. On 30 June, the Pinnacle group, headed by former Saints player Matthew Le Tissier, pulled out of negotiations to take over the club.

Source: BBC_Sport