PINNACLE hope to reveal the structure of Saints’ new board this week.
Lawyers are today starting the process of de-listing Southampton Leisure Holdings from the stock exchange.
A new holding company will be set up, which will be privately owned by the “substantially wealthy” individual who is providing the funds for the deal and the future investment in the club.
That is likely to please a lot of fans, who have been keen to see an end to the PLC years at Saints.
The mystery backer, who is worth hundreds of millions of pounds, will not be involved in the day-to-day running of the club, instead leaving those affairs to a board of three or four directors.
Saints legend Matt Le Tissier will almost certainly be one of them and Tony Lynam, who has managed the Pinnacle bid, is set to be another.
Full story in today's Daily Echo
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