Monday, February 26, 2007

26 February 2007: Wilde

Just when you thought it was safe to get back in the water...

A small announcement was made to the London Stock Exchange by Southampton Leisure Holdings plc, parent company of Southampton Football Club, this morning. Michael Wilde has resigned as Chairman with immediate effect. As usual, the Echo claims to have known about it first, but actually SaintLee posted it to the forum on Saturday morning after getting some inside info, presumably from someone in the board meeting on Friday where the resignation was offered.

Not totally sure why just yet - the Echo 'understands' that it's because he's failed to find the investment he promised when he took over from Rupert last summer, whereas SaintLee reported it was due to a family illness. Time will tell.

Meantime Rupert was seen at St Mary's on Saturday in his company executive box (humorously termed the 'Ex-Directory Box) fueling rumours that he's not finished with Saints yet.

The saga continues...

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