After showing initial interest in saving Southampton from the Administration situation they’ve found themselves in, former Captain Matt Le Tissier and the Pinnacle Consortium that he was fronting have walked away from the purchase table after the 10 point Administration penalty was upheld and would be applied at the start of next season.

Now the club finds itself only days from closing it’s doors if it can’t find another buyer.

Via Guardian

“It is with great regret and frustration due to ongoing issues with the Football League that I and in turn those behind the Pinnacle consortium decided to withdraw our interest in purchasing Southampton Football Club,” said Le Tissier in a statement. “With the ongoing issues with the Football League persisting, our backers have simply refused to provide the requisite funds to complete the takeover.

“I hope beyond hope that Mark Fry can find a buyer for the club. We were unaware of the issues with the Football League when we entered into our agreement to purchase the club and then coming to light so late in the day has resulted in our backer’s decision not to proceed under the terms on offer.”

The administrator, Mark Fry, is now thought to be left with two potential buyers but he said last week he would have to consider starting to wind up the club by Friday.

The Saints’ on-field problems are also increasing with the side facing the prospect of having no one to take pre-season training from tomorrow once their manager Mark Wotte’s contract expires.

Image via TheSun