New consortium in for Saints
03 Jul 2009 - 16:17:10
Gillico have expressed an interest in the club, according to Sky Sports News.
The Pinnacle group, backed by Matt Le Tissier, were thought to be in line to gain control at St Mary's but the deal collapsed as a result of Pinnacle asking the Football League to overturn the 10-point deduction handed out to the club for the start of the new season as a result of parent company Southampton Leisure Holdings plc going into administration.
Administrator Mark Fry has been searching for new investors and now Gillico have come to the table with an offer for the club.
It was feared that if no bids were forthcoming by the end of this week the club could find themselves going out of business, but news of Gillico's interest will raise hopes that the club could have new owners before the start of the new season.
