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Saints Bid In Trouble | Pinnacle Consortium and Southampton FC

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Submitted by WG on Sun, 21/06/2009 - 00:00

After talk last week of Kevin Keegan being brought in as manager, the Pinnacle consortium bid for Southampton FC is in trouble.  Pinnacle's 21-day period of exclusivity ended on Friday with no deal being completed.  The Matt Le Tissier-backed consortium refused to accept that they will be barred from appealing against Saints' ten point deduction should their takeover bid go through.  Lawyers told the Pinnacle group that it was worth appealing against the deduction.  As Pinnacle insisted that they wanted to appeal, the League did not issue them with a licence to play in the 2009/10 season.   A rival consortium says that it has the cash in place to buy Saints should the Pinnacle bid collapse.   Moreover, Dorset businessman Marc Jackson who is fronting the bid also claims that he has lined up a current international manager for the team.</p>

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Southampton Football Club Ltd.