Thinks may look only doom and gloom for Portsmouth and Rangers. Adminstration, points deducted and even the threat of relegation for Portsmouth. But both Rangers and even Portsmouth can take some optimism from the successes of Southampton.

The Saints, established in 1885, entered adminstration in April 2009, after the clubs parent company Southampton Leisure Holdings PLC entered adminstation. This was followed by a points deduction and the Saints would be playing their Football in League One from the 2009-2010 season, for the first time in 50 years they would be playing in the third-tier of the English Football ladder. But this could have been the best thing to happen to Southampton.

After months of uncertainty and the threat of liquidation very apparent, the club was bought by rich Swiss billionaire Markus Leibherr, who was persuaded to buy the club by the Italian banker Nicola Cortese. Cortese became the chairman and was in charge of the everyday running of the club. When Leibherr bought the club, he apparently said "ein schnappen", when translated from German means 'bargain'. The new owners sacked manager Mark Wotte, and on the 17th July appointed the experienced Alan Pardew as their first manager. The first big signing under the Pardew era was the Liverpudlian striker Rickie Lambert from Bristol Rovers.

That first season was one to remember for Saints fans. After a characteristic bad start to the season, Saints looked in threat of being relegated. But, they soon got of the slump and made their charge towards the League One play-off spots. The Saints missed out on the play-offs by 7 points. They also celebrated a trip to Wembley after progressing through to the final of the Johnstones Paint Trophy final. The Saints were watched on by 44,000 fans at Wembley as they thrashed Carlisle 4-1, goals from Lambert, Adam Lallana, Papa Waigo and Michail Antonio sent the Saints on there way to their first trophy since beating Manchester United in the 1976 FA Cup final. It was a famous day for them. The good times were just beggining for them. Now, they are top of the Championship after finishing second in League One last season and looking favourites to return back to the Premier League for the first time since 2005.

The bad times maybe happening for Portsmouth and Rangers, but they can look at the Southampton story and take some pride, knowing that the good times are just around the corner. If they get bought out of course. And, I wish them the best of luck and hope that they get bought out. It would be a shame to see them get liquidated. What the fans have to remeber is that the pain maybe apparent now, but the good times are just around the corner.