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Pinnacle pulls out of Saints bid

Published: 30 Jun 2009 - 13:15:53

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The Pinnacle group have pulled out of negotiations to buy financially-stricken League One club Southampton. Administrator Mark Fry is now hoping to sell to another buyer and is understood to be in talks with a Swiss consortium. Saints will start the season on minus 10 points after their parent company entered administration in April. The Football League ruled that Pinnacle - which includes ex-Saints player Matt Le Tissier - must waive any right to appeal against the points deduction.... read more