Southampton moved to the St Mary's Stadium in 2001
Southampton's future is seriously under threat, according to the man appointed to run the club's owners.
Southampton's parent company was placed in administration on Thursday and chief executive Rupert Lowe has resigned.
Trading in Southampton Leisure Holding (SLH) plc's shares was suspended on Wednesday after the company admitted it needed extra money to have a future.
"The finances are interlinked therefore the future of the club is in serious jeopardy," said administrator Mark Fry.
"The holding company owns the football club. The football club is an asset."
The holding company has been put into administration with debts of £27.5m, reportedly made up of financial liabilities of £23.1m and an overdraft of £4.4m.
It is possible that putting the parent company into administration - thus wiping out a significant proportion of the club's debt - could save the club from a 10-point deduction.
Fans' reaction to financial news
The Football League has a monthly board meeting next Tuesday, and the Southampton situation will be one of the key items on the agenda.
A spokesman told BBC Sport said it would not comment until after that meeting, and he added it was not certain the club's fate would be decided once it finished.
Clubs such as Leeds and Luton, who were hit with points deductions themselves after going into administration, would be angry if Southampton avoided such a fate.
Lowe, Saints chairman Michael Wilde and director Andrew Cowen have resigned from the company with immediate effect, although a statement from SLH said the club is "unaffected by these insolvency proceedings".
The business is heavily in debt after spending more than £30m on the 32,000-seat St Mary's Stadium, which they moved to from The Dell in 2001, before being relegated from the Premier League in 2005.
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.