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Fresh blow for Hatters
22 Nov 2007 - 18:38:59
League One crisis club Luton Town have suffered a fresh blow after being placed into administration.
Last week the Hatters were hit with over 50 charges alleging breach of regulations regarding payments to player agents by the Football Association.
The FA claimed the charges were the result of an eight-month investigation into the circumstances surrounding a number of transfers and contract negotiations at Kenilworth Road.
And now the ailing club have been forced into administration which will lead to an automatic ten-point deduction by the Football League.
Insolvency specialists The P & A Partnership is one of three administrators appointed by the club's board of directors.
"Changing circumstances and the potential huge liabilities have presented me with no alternative but to place the club into the hands of the administrator," chairman David Pinkney told the club's official website.
"I sincerely hope a potential purchaser can be found to take on Luton Town and secure its future.
"The club now, more than ever, needs its supporters to put past differences behind them and get behind both the team and all the staff."