Date: 2nd April 2007 at 9:15am
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At the end of last week, just under 2% of Southampton Football Club was purchased over the stock exchange.

The Telegraph has reported that the purchaser could be an ally of former Chairman Rupert Lowe.

The Telegraph has reported that: Southampton’s chief executive Jim Hone will issue notices under section 212 of the 1985 companies act in an effort to ascertain the identity of the investor.

The Telegraph has also speculated that the buyer is Jersey-based businessman Tom Scott, who is reportedly worth £100 million and is a personal friend of Lowe.

If business friends and supporters of Lowe club together, they could reportedly own around 20% of Southampton and the paper suggests that Lowe could be set to call an extraordinary general meeting in a bid to force other directors out and seize power at the club again.

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