A recent rise in share price prompted Southampton to confirm that it is in advanced negotiations for the disposal of its stadium, The Dell, and for the acquisition of a site for a new construction. The new stadium is to be funded from a placing and open offer intended to raise £3.05m (before expenses). In light of recent developments within the football world, the group also found it necessary to state that it had not received any approach from BSkyB, 'or any other similar company'.