THE administrator in charge of selling Southampton FC has said a deal is 'unlikely'.

Mark Fry, from administrator Begbies Traynor said: "It's very unlikely a transaction will be completed."

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The consortium backed Saints legend Matt Le Tissier, has had its deadline extended until later today.

However, Fry said: "They haven't delivered what they said."

Despite this, managing director of Pinnacle, who are part of the bid, insists they are still working on a deal.

"I'm still working on it and if I wasn't confident, I think I would have packed my bags by now.

"I'm pretty sure there will be a bid fairly shortly."

As revealed in today's Daily Echo, other groups are believed to be waiting in the wings to launch any possible bids.