Printer-friendly pageWednesday, October 24, 2007
It's suddenly looking less like a white knight and more like city sh**e - according to the Evening Standard, the money behind Ray Ranson is a City hedge fund.
That means being at the whim of a bunch of capitalists who make Rupert Lowe look like Bill Shankly when it comes toa love of football. The Standard reports that the fund are only offering £12m for a majority stake.
And hedge funds won't be in it for love or the long term - quite the reverse, they are in to srt hings out, cut costs, maximise profits and usually look to sell on within three years for two or three times the profit.
Yet again with Saints, it's out of the frying pan and into the pyre - mercenary new owners who want to make money and don't give two figs about long-term steady growth and footballing appreciation.
But let's give them a chance shall we?
