MICHAEL Fialka has insisted his bid to buy Saints is still on.

Despite key members of the Pinnacle Group pulling out yesterday, the 32-year-old this morning said the deal had not collapsed.

“It’s all up in the air at the moment,” he told the Jewish Chronicle.

“The reality is that there are a few issues with the Football League. We’ve had a bit of a standoff as we would only consider a deal if the penalty was 10 points rather than 15.

“I need confirmation. Once it goes through then everyone will be happy.”

Fialka also revealed that, should the takeover go through, he would “end up with one third of the club and be the main director on a four-man board.”

The Football League has told the Daily Echo there is no truth in Fialka's latest claims of a potential 15 point deduction.

A spokesman once again reiterated that there is no threat of further point deductions.