BBC News
watch One-Minute World News
Last Updated: Monday, 17 December 2007, 17:47 GMT
Three Southampton FC bosses quit
Southampton FC crest
Three of the top members of the board of Southampton Leisure Holdings, which owns Southampton Football Club, have resigned following a failed takeover.

Chief executive Jim Hone, chairman Ken Dulieu and commercial director Andy Oldknow have all resigned.

In a statement they blamed "a major difference of opinion between them and certain major shareholders".

The board had backed a takeover by SISU Capital, which fell apart after SISU decided to buy Coventry FC instead.

The takeover proposals for Southampton were rejected by three of its major shareholders: Rupert Lowe, Michael Wilde and Leon Crouch.

"The chairman and departing executives do not wish to be a barrier to whatever future those shareholders now envisage for the company and the club," the statement added.



SEE ALSO
Doubts cast over Saints takeover
27 Oct 07 |  Business
Saints in talks with hedge fund
25 Oct 07 |  Business
No Saints board seat for Ranson
24 Oct 07 |  Southampton
Saints reveal proposed takeover
22 Oct 07 |  Southampton

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific