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Mystery group waiting in wings for possible Southampton takeover
12:07pm Monday 18th May 2009 in Saints News
A MYSTERY overseas group could be poised to make a dramatic 11th hour bid for control of Saints.
The Echo understands that the consortium are waiting in the wings if the Matt Le Tissier-backed Pinnacle bid fails to meet administrator Mark Fry’s deadline extension today.
We revealed last Wednesday that an overseas group had made contact with Pinnacle’s Tony Lyeham a few days earlier with a view to possibly combining funds.
But it is now believed the group are keen to take control of the financially- stricken club by themselves.
The group have been in discussion with Fry for over a week but have yet to table an official bid.
The Echo reported on Saturday how the Pinnacle consortium – who have been dealing with the administrator for around a fortnight now – failed to meet Fry’s initial deadline of the previous day.
The delay centred on an exchange of legal documents setting the wheels in motion for their bid.