SAINTS this morning revealed they were in discussions with "more than one interested party" with regards to a potential takeover".
In a statement issued to the Stock Exchange, it said the ongoing talks - believed to be with three parties - "may or may not lead to an offer".
The statement also hit out at unnamed individuals who had promised to invest cash in the club.
"The board had hoped, and were given an indication, that certain parties would make an investment in the Company during the course of the financial year," it said.
"Unfortunately no such investment was made and the board have subsequently sought to identify and obtain funds from other potential investors to enable the Company to achieve its full potential.
"Subsequently the board announced on 27 April 2007 that it had received a preliminary approach that may or may not lead to an offer being made for the Company".
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