The future of the Saints is in serious doubt following the withdrawal of the Matt Le Tissier-backed Pinnacle consortium.

Le Tissier blamed the failure of the takeover bid on being unable to come to a satisfactory agreement with the Football League over the 10-point penalty Saints were hit with after their holding company entered administration last season.

And the clock is ticking regarding the club's future, with joint administrator Mark Fry recently suggesting he may have to begin winding up the south coast outfit this Friday if a buyer is not found.

The sales of David McGoldrick and Andrew Surman for seven-figure fees – to Nottingham Forest and Wolves respectively – has given Saints a stay of execution, albeit a brief one.

Coach

But their future remains in serious jeopardy, much to the concern of Whites' assistant-boss Snodin, who spent a 15-month spell as first-team coach at St Mary's under George Burley before joining the coaching staff at West Ham in June 2007.

Another of Snodin's former clubs, Charlton Athletic – where he worked for six seasons as reserve-team boss – have also encountered rocky financial times following relegation from the Championship.

And Snodin is putting partisanship aside to wish both former top-flight clubs and fellow League One heavyweights well in their bid to get back on an even keel – especially the Saints due to their current perilous predicament.

Snodin said: "It's similar to some of the stuff that's happened at Leeds United a few years ago. And like us, Southampton are a club who've been up there in the Premiership, same as Charlton have.

"Southampton and Charlton are good family clubs as well as it's sad to see.

It's the supporters I feel for as they love their club and work hard to pay for their season-tickets and to go every week.

"I also feel for the people who work around the place and in terms of Southampton and their current problems, I just hope the club can be resurrected and get back up there."