Southampton Leisure Holdings PLC
Encyclopedia
Southampton Leisure Holdings PLC
was the parent company of Southampton Football Club Ltd
and was listed on the Alternative Investment Market
of the London Stock Exchange
. The company was placed into administration on 2 April 2009.
resigned as Chairman of Southampton Leisure Holdings, along with other directors Andrew Cowen, Guy Askham, Mike Richards and David Windsor-Clive.
On 26 February 2007, Michael Wilde
offered his resignation as a Director effective from 28 February 2007 as a result of his failure to bring in new investment. The resignation was accepted by the board as being in the best interests of the company.
On 27 April 2007, it was rumoured that Paul Allen
, the American
entrepreneur who formed Microsoft
with Bill Gates
, may launch a takeover bid for the club
. An apparent close source said "he believes there is long term investment value in UK Soccer. Southampton is a sleeping giant, a family-supported club with traditional values, and we see the value in taking the brand global."
On 2 April 2009, Southampton Leisure Holdings declared administration after it failed to gain investment to last for the next financial year. Administrators Mark Fry and David Hudson, partners of Begbies Traynor
, took over control of the parent company and all assets until a new owner could be found.
On 27 July 2009, DMWSL 613 Limited, a company controlled by Markus Liebherr
brought Southampton Football Club and all its assets form the administrator. On 2 October, the listing of the shares for Southampton Leisure Holdings was cancelled.
The company was placed in Creditors' Voluntary Liquidation on 22 February 2010.
Public limited company
A public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....
was the parent company of Southampton Football Club Ltd
Southampton F.C.
Southampton Football Club is an English football team, nicknamed The Saints, based in the city of Southampton, Hampshire. The club gained promotion to the Championship from League One in the 2010–2011 season after being relegated in 2009. Their home ground is the St Mary's Stadium, where the club...
and was listed on the Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. The company was placed into administration on 2 April 2009.
Subsidiaries
The wholly owned subsidiary companies of Southampton Leisure Holdings PLC were:- Southampton Football Club Ltd
- St. Mary's Stadium Ltd
- St. Mary's SPV Ltd
- Southampton Insurance Services Ltd
- Southampton Mortgage & Financial Centre Ltd
- Saints Supporters Club Ltd
- Southampton Swaylife Ltd
- Secure Retirement Ltd
- Dell Estates Ltd
- St Michael's Street Homes (No. 1) Ltd
- Stadium 2000 Ltd
- Felix Broadcasting Ltd
- South City FM Ltd
- Forest FM Ltd
History
On 30 June 2006, Rupert LoweRupert Lowe
Rupert James Graham Lowe is a British businessman, who was the chairman of Southampton Football Club from 1996 to 2006. He regained his power in May 2008, teaming up with Michael Wilde, who had previously forced Lowe out, becoming chairman of the club's parent company, Southampton Leisure Holdings...
resigned as Chairman of Southampton Leisure Holdings, along with other directors Andrew Cowen, Guy Askham, Mike Richards and David Windsor-Clive.
On 26 February 2007, Michael Wilde
Michael Wilde
Michael Wilde, born on the Wirral, Cheshire in 1952, is a businessman who became Chairman of Southampton Football Club for two periods after the Club's relegation from the Premiership, resigning on 2 April 2009, the day after the Club's holding company, Southampton Leisure Holdings Plc, went into...
offered his resignation as a Director effective from 28 February 2007 as a result of his failure to bring in new investment. The resignation was accepted by the board as being in the best interests of the company.
On 27 April 2007, it was rumoured that Paul Allen
Paul Allen
Paul Gardner Allen is an American business magnate, investor, and philanthropist. Allen co-founded Microsoft with Bill Gates...
, the American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
entrepreneur who formed Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
with Bill Gates
Bill Gates
William Henry "Bill" Gates III is an American business magnate, investor, philanthropist, and author. Gates is the former CEO and current chairman of Microsoft, the software company he founded with Paul Allen...
, may launch a takeover bid for the club
Southampton F.C.
Southampton Football Club is an English football team, nicknamed The Saints, based in the city of Southampton, Hampshire. The club gained promotion to the Championship from League One in the 2010–2011 season after being relegated in 2009. Their home ground is the St Mary's Stadium, where the club...
. An apparent close source said "he believes there is long term investment value in UK Soccer. Southampton is a sleeping giant, a family-supported club with traditional values, and we see the value in taking the brand global."
Administration
Shares in the Company were suspended from trading on 1 April 2009, when the Company announced that it was in negotiations to secure additional financing to ensure that it was able to continue trading.On 2 April 2009, Southampton Leisure Holdings declared administration after it failed to gain investment to last for the next financial year. Administrators Mark Fry and David Hudson, partners of Begbies Traynor
Begbies Traynor
Begbies Traynor is a firm specialising in corporate restructuring. They were formed in 1989, expanded through mergers and organic growth and were floated in 2004. The company employs over 500 people and has 45 offices around the United Kingdom.-History:The company was formed as Traynor & Partners...
, took over control of the parent company and all assets until a new owner could be found.
On 27 July 2009, DMWSL 613 Limited, a company controlled by Markus Liebherr
Markus Liebherr
Markus Liebherr was a German-born Swiss businessman and a member of one of Europe's top family business dynasties....
brought Southampton Football Club and all its assets form the administrator. On 2 October, the listing of the shares for Southampton Leisure Holdings was cancelled.
The company was placed in Creditors' Voluntary Liquidation on 22 February 2010.