Source: Team_Talk
Saints sunk after 10-point penalty
The governing body launched an investigation into Saints' finances after their holding company, Southampton Leisure Holdings plc, went into administration.[LNB]Southampton argued that because the club itself was not in administration, they should avoid the mandatory points penalty.[LNB]But on Thursday, the League decided that the club and the holding company are "inextricably linked as one economic entity", and that the 10-point deduction stands.[LNB]As the holding company, chaired by ex-club chairman Rupert Lowe, entered administration after the League's March deadline, the points deduction will take effect this season should Southampton avoid relegation.[LNB]However, if Saints go down anyway - they are currently four points adrift with two games remaining - then they will begin next season in League One on minus 10 points.[LNB][LNB] Coca Cola Championship. Click here to bet.
