9:14am Thursday 2nd April 2009
Exclusive By Adam Leitch
MICHAEL WILDE has laid a large part of the blame for Southampton Leisure Holdings PLC falling into administration at the door of the club’s bankers Barclays.
The former football board chairman was today standing down as administrators took over the running of the PLC after the business could no longer be classed as a going concern.
The Daily Echo understands that Saints had breached the overdraft limit agreed with Barclays of £4m – but by not much more than £110,000.
Read Michael Wilde's exclusive statement only in today's Daily Echo.
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