No points penalty possible for Reds, say Premier League

06 October 2010 10:30
The Premier League will not dock points from Liverpool if the club's American owners' company Kop Holdings goes into administration next week, it can be revealed. There have been suggestions that if Tom Hicks and George Gillett block a £300million takeover for the club by New England Sports Ventures, owners of the Boston Red Sox baseball team, then their holding company would be put into administration by the Royal Bank of Scotland over their unpaid £280million debts. That would not lead to an automatic points deduction for the Reds however - the Premier League have clarified the rules regarding parent companies so that if the club itself is a fully solvent entity - as Liverpool is - then the penalty clause should not apply. A Premier League source told Press Association Sport: "The aim of the regulations is primarily to capture clubs who have gone into insolvency. This is manifestly not the case with Liverpool Football Club."

Source: PA