Fialka: Why I dropped Southampton bid

READ FIALKA'S STATEMENT IN FULL

The future of Southampton remains uncertain after a takeover bid from Michael Fialka’s Pinnacle group was withdrawn.

The property company boss was this week locked in talks with League officials in an attempt to salvage the bid after administrators set a Friday deadline.

But he insisted in a statement that the group did not lose interest in the club. He said: “We felt that it was necessary to make this decision for the good of the club, in the event that another interested party were better placed or willing to complete the takeover on the basis of the terms on offer. That decision has not changed.”