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, 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.
Read more about this topic: Southampton Leisure Holdings