Southampton Football Club has been put up for sale after its parent company Southampton Leisure Holdings plc went into administration.
Begbies Traynor is handling the sale and has received several expressions of interest for the club. If a buyer is not found soon the club will likely be shut down before the end of the season.
The sale will comprise of the footballers contracts, while the club's stadium, which can seat 30,000, and the training ground will not be included.
The club's chairmen Rupert Lowe and Michael Wilde, and director Andrew Cowen have all stepped down, leaving Begbies Traynor at the helm with the finance director David Jones.
Joint-administrator Mark Fry is quoted as saying the football clubs have felt the affects of the credit crunch just as keenly as other industries. He also remarked that the price of the club would be cheaper than it would have been two years ago.
The club's holding company went into administration after Barclays refused a request to extend its £4m overdraft.
