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Last Updated: Friday, 24 February 2006, 17:21 GMT
Saints buyer denies takeover bid
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The businessman who bought a 10% stake in Southampton on Friday has denied any links to the Andrew Strode-Gibbons consortium hoping to buy the club.

Michael Wilde, chairman of Merlion Group Plc, bought 2,542,737 shares in Southampton Leisure Holdings plc from Saints director Paul Thompson.

A statement said: "Wilde wishes to stress he is acting alone. He has no connection with Andrew Strode-Gibbons."

It is uncertain what effect the move will have on chairman Rupert Lowe.

If Wilde opts to increase his holding, under-fire Lowe could face a shareholders' vote to remove him from the Saints board.

Wilde, however, insists he has the club's best interests at heart.

His statement continued: "He has purchased these shares as a long-standing fan of Southampton Football Club.

"He is a committed supporter and his interest is in the long-term success and future of the club. Any future plans will be with that objective in mind."

Strode-Gibbons admitted last week that a consortium was being put together to take over from Lowe.


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