12:05pm Thursday 2nd April 2009
By Dan Kerins
SAINTS' parent company is now officially in administration.
The stock exchange released a statement confirming the appointment of the administrators Begbie Traynor at Southampton Leisure Holdings.
They also confirmed the resignations of Rupert Lowe, Michael Wilde and Andrew Cowen.
The full statement is below: The Board announces today that it has appointed Mark Fry and David Hudson of Begbies Traynor (South) LLP as joint administrators to the Company.
Rupert Lowe, Andrew Cowen and Michael Wilde have resigned as directors of the Company with immediate effect.
Southampton Football Club Limited, a subsidiary of the Company, is unaffected by these insolvency proceedings.
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