Saints start to feel relegation pinch

Relegation from the Premier League has cost Southampton ar least £2.7m (€3.9m) so far as they announced pre-tax profits of just £200,000 (€293,000) for the 2004/05 financial year.

Saints were relegated in May after a turbulent season, which prompted a drop in profit from £2.9m (€4.2m) for the previous year.