Date: 2nd April 2009 at 1:57pm
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It could well have been Wednesday many months ago – but the Owls’ Championship rivals Southampton today face an uncertain future.

The St Mary’s club, currently fighting relegation on the pitch, have had a long-running problem off the pitch financially.

And it came to a head today with the news that the former Premier League club may struggle to operate until the end of the current season.

The Saints’ parent company has today gone into administration and Rupert Lowe has resigned from his position as chief executive of the club.

The company, Southampton Leisure Holdings, needs extra money to continue operating, with debts of £27.5 million racked up.

And although the club itself hasn’t gone into administration, it’s an asset of the parent company which could mean a bleak future – and a points deduction – for the Saints.

The club are currently looking for a buyer, but time is against them, and they could well be in an even stickier predicament when the Saints make the trip to Hillsborough on Saturday, April 18.