Southampton legend Matt Le Tissier remains hopeful that his Pinnacle Consortium can overcome their recent frustrations to complete the takeover of the cash-strapped club.

Saints' financial troubles have been well-publicised since their relegation from the Coca-Cola Championship but the potential takeover continues to be delayed due to the Football League's position over license issues.

"Despite continual outside interference with our bid we're committed to completing a deal as we feel it's in the best long-term interests of Southampton football club, which is obviously what I care about," Le Tissier told Sky Sports News.

"It's been a frustrating time for us despite several attempts for clarity over the Football League's position over the license-related matter, which we still have no answer.

"It's not a new issue but it has to be resolved to our satisfaction in order to conclude the takeover.

"We're hoping that we can get this resolved shortly and the next announcement that we make will be to confirm the takeover.

"I'd like to thank the staff at the football club and the indeed the fans for their patience in the matter. It's very much appreciated from all concerned."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: