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Liverpool sign Dejan Lovren for £20 million

Liverpool 1 day ago
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Liverpool agree fee to sign Lovren | Reina

Transfers 3 days ago
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Summer transfers survey

Southampton Jul 20, 2014
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ESPN FC Posted by ESPN staff
Mar 31, 2014

Southampton 'won't sell young stars'

Southampton's new director, Hans Hofstetter, has told BBC Radio Solent that none of the club's young England stars will have to be sold as Luke Shaw remained coy over his future.

Luke Shaw is one of the most highly-rated young players in the Premier League.
Luke Shaw has been linked with a number of top of Premier League clubs after a fine season.

'Lallana like Xavi and Iniesta'
• Rann: Saints maul Magpies

The club's holding company has announced annual figures which have seen revenues rise from 22.9 million pounds in 2012 to 71.8 million pounds last season, mainly due to extra broadcasting income from the Premier League.

Losses before income and tax were 6.6 million pounds, down from 11.9 million pounds, while there is an outstanding transfer debt of 27 million pounds due to the "burdens" of the previous regime at the club.

Despite the debt, Hofstetter insists players such as captain Adam Lallana, Jay Rodriguez and Shaw will not be sold if manager Mauricio Pochettino wants to keep them at the club.

"The most important point is that we are in a position where we do not need to sell any player Mauricio wants to keep," he said.

"We have a very strong squad and we are still in a situation where we are free enough to act quickly if quick action is asked from us.'"

Shaw, 18, has revealed he is not bothered by the speculation linking him with Manchester United, Manchester City and Chelsea, and is simply focused on ensuring a good finish to the season for now.

"There is not a club I am not linked with, but I don't focus on that," Shaw said. "My main focus is my football on the pitch and I just want to keep doing that.

"It doesn't really bother me the attention I get. I just stay focused on my game on the pitch. Whatever is said is said.

"Stuff like that is going to happen but my main priority is the games. We've still got six left, so all the focus is on that.''

Hofstetter was appointed as a director shortly after Nicola Cortese resigned as chairman in January, to be replaced by Ralph Krueger.

In a club statement announcing the annual results, Hofstetter said they had inherited a tricky financial situation, but had plans in place to turn things around.

"Whilst I perceive that we have inherited a difficult situation financially, there are now clear and structured plans in place to progress the club and avoid a similar situation from occurring again," he said.

"In the short time I have been at Southampton it has become abundantly clear that we are blessed with a staff that has all the necessary skills with which to progress, and now that we can supplement that with a strong board I am sure we will enjoy a successful future together.''

Saints' annual results show that the club -- which has an fine record in bringing through players via the academy -- will have spent more than 30 million pounds in redeveloping the Staplewood Training Ground.

The wage bill increased to 47.1million last season from 28.7 million pounds, but the wage to turnover ratio dropped significantly to 65 percent from 102 percent.

The Liebherr family, who own the club, injected a further 12.5 million pounds last season, plus 2.2 million pounds in September, bringing their total investment to 52.7million pounds.

Of that, 37.9 million pounds has been converted from ownership debt into equity shares and the club's net liabilities stand at 1.6 million pounds down from 32.4 million pounds.

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