SAINTS bosses are "in the dark" about major new club investor Sarwan Singh.

The mysterious figure increased his share holding in the club's parent company Southampton Leisure Holdings to 995,000 shares, just over 3.5 per cent of the business.

Already a shareholder, his holding is now worth £447,750 at today's share price of 45p and is more than half of chairman Rupert Lowe's 6.3 per cent stake.

But Saints officials said they had received no contact from Mr Singh and were unaware of his intentions.

Financial director David Jones said: "We don't know much about him. He has had a shareholding in the club for some time.

"Obviously now he's tipped over the 3 per cent mark they have had to make an announcement.

"We have heard nothing from him, which is slightly strange but we are expecting him to get in contact.

"He has now got a duty to actually.

"We don't know what he plans to do or whether it is just that he has seen an opportunity.

"We are in the dark at the moment."

Mr Singh's move comes hard on the heels of other major stock market transactions which have seen big pieces of the club change hands.

Last month Jersey-based businessman Michael Wilde purchased 2,543,733 shares from businesses in the name of Saints director Paul Thompson.

A few days later Wilde increased his overall share total to 3,062,470 giving him more than 11 per cent of the total shares - the single largest shareholding on the club's board.

Although neither Mr Singh or Mr Wilde have spoken publicly, it is understood the pair are not connected.

Wilde has kept a low profile since his move but has told friends he is "acting independently".

The Daily Echo has attempted to contact Mr Singh but our calls were not returned.