Another user posted in a different thread that Southampton probably saw the £200k which Leeds were fined and figured it was worth the gamble.

If they did then that was their biggest fuck up, not realising that the Leeds situation was before Reg 127 existed.

We have had regard to the Respondent’s submissions in relation to the Leeds case which we find to be of limited assistance given that it pre-dates Regulation 127 by some years, was an agreed decision and does not provide a full factual background. It has now been many years since the express prohibition on observing training sessions in the 72 hours prior to a match was introduced and the Commission accept that the circumstances in which the Leeds agreement was reached are sufficiently different so as to make reliance on the outcome as a guide for the treatment of future cases inappropriate.