Page last updated at 10:44 GMT, Wednesday, 29 April 2009 11:44 UK

Saints takeover deadline 'tight'

St Mary's Stadium
Saints will begin next season in League One on minus 10 points

Administrators overseeing Southampton Football Club admit time is running out for a potential takeover, but remain confident a deal can still be struck.

Saints' parent company Southampton Leisure Holdings Plc were placed in administration on 2 April.

The club have been relegated from the Championship and will begin next season in League One on minus 10 points.

Mark Fry said there are four interested parties which he aims to encourage bids from in the next 10 days.

"With the end of the season fast approaching, the timescales in the hunt for a buyer remain tight," he added.

Begbies Traynor, the administrator, said it has begun the due diligence process with four serious parties with a view to potentially making an offer for the assets of the Club's parent company, Southampton Leisure Holdings Plc.

'Months without revenue'

Mr Fry, told BBC Radio Solent: "There are lots of things that need to happen in a football club.

"We've got negotiations with players - and the renewal of their contracts, sorting out season tickets for next season and sorting fixtures through the summer."

Saints played their final home game of the season against Burnley on 25 April, which means the club now face months without generating match-day revenue.

Mr Fry added: "All of these reasons mean a buyer needs to be put in place as soon as possible."

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