Football League clubs entering administration will suffer an increased and immediate 12-point penalty, it has been announced.
The current 10-point sanction will be increased to 12 points after the Football League, at its Owners' and Executives' Conference and AGM, agreed to amend its insolvency policy.
Football League chief executive Shaun Harvey said: "The League has now gone two full seasons without a club suffering an insolvency event which is an encouraging sign.
"The use of Financial Fair Play regulations in all three divisions, the requirement for new owners to demonstrate the source and sufficiency of their funding and the ongoing monitoring of club's tax affairs have helped us bring more stability to club finances.
"However, we cannot be complacent and this is the right time to strengthen our Insolvency Policy and also refine its effects, so that it is as fair as it can possibly be for clubs, creditors and supporters."
Source: PA
