The financial and administrative mess that led to the collapse of the club’s fortunes continued, as Saints were relegated to League One (the third division) at the end of the 2008-2009 season. On 23 April 2009, Southampton received a ten-point deduction, following their parent company going into administration. This deduction led to the second relegation – into League One.
Through May and June of 2009 Southampton were in danger of going bankrupt and folding as a football club, but they were bought by Swiss industrial magnate Markus Liebherr. Liebherr eliminated all the club’s debts and hired Swiss businessman, Nicola Cortese, as the new CEO of the club.
|Rickie Lambert - 27 league goals this season|
In August 2010, Pardew was fired and Cortese signed Nigel Adkins as manager – joining Saints from Scunthorpe United. Adkins proved to be an excellent man-manager and he quickly built a tremendous team-spirit at the club – emphasizing the fact that successful clubs are built on a strong squad working towards a common goal, rather than relying on a few individuals. He consolidated the team around the squad that Pardew had assembled and brought in some key players of his own.
|Adam Lallana - local boy and talented midfielder|
So, time to celebrate. Well done Saints!
“Oh, when the Saints go marching in …”