Magpies confident of Saints cash

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Football News

Notts County chairman John Armstrong-Holmes is confident the club will still get the money they are owed by Southampton.

The Championship club are in financial meltdown after their holding company went into administration. "The problems at Southampton will have no effect on us at all," Armstrong-Holmes told the Evening Post. "The money is ring-fenced by the Football League so we will get every penny. I don't know when we will get it but we will.

Saints still owe Notts County for the transfer of David McGoldrick in 2005. The Magpies were due a six-figure sum at the start of February because of an appearance clause in the 21-year-old's contract.

County are also still owed a final five-figure sum from the south coast club for Leon Best as part of a sell-on clause in the Coventry striker's contract when he joined Southampton in 2004.

"The Football League is due to distribute money to every club in the league this month and they will take money out of Southampton's share and give it to parties they owe money to. It is far from ideal that we didn't get the money when it was due but we are managing without it as best we can."Í

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Leon Best
David McGoldrick
Newcastle United
League Two
Coventry City
Notts County

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