Hatters anger at point penalty
11 Jul 2008 - 10:58:24
Luton Town's new holding company has hit out at the Football League after discovering they will have to start life in League Two next month with a massive 30-point deduction.
The Hatters had ten points deducted earlier in the summer after breaching Football Association regulations over agents fees, but have now been handed a further 20-point deduction by the Football League.
Preferred bidder, Luton Town Football Club 2020 Ltd (LTFC2020), are close to taking the club out of administration, but the further 20-point penalty was imposed after they failed to satisfy the league's insolvency rules.
"It's quite clear that we have made a mistake. We placed our faith in the footballing authorities. We have tried to do everything openly and honestly," said director of LTFC2020 Stephen Browne.
"Obviously the very clear message from both the FA and Football League is that doing such a thing is a total waste of time. Once again the club suffers from the mismanagement of the past.
"We have already discussed this internally and we have decided unanimously that we will continue the fight by sticking to our principles of openness and honesty.
"They are clearly trying to push Luton Town out of existence for mistakes that they should take part of the blame for.
"It's not a laughing matter anymore, but even so we will continue to ensure that Luton Town has a solid and sustainable future, despite what the Football League do to us."