Saints in investment talks

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In a statement to the Stock Exchange, the club confirmed that in addition to their announcement on April 27 that they had received a preliminary approach from one party, they were now holding talks with at least one other potential investor.

The statement read: "The board is pleased to report that it is now in discussions with more than one interested party which may or may not lead to an offer. Further announcements will be made as and when appropriate."

It continued: "The board had hoped, and were given an indication, that certain parties would make an investment in the company during the course of the financial year.

"Unfortunately no such investment was made and the board have subsequently sought to identify and obtain funds from other potential investors to enable the company to achieve its full potential.

"Subsequently the board announced on 27 April 2007 that it had received a preliminary approach that may or may not lead to an offer being made for the company."