Liverpool FC could face points deduction
Fri 8th Oct 2010 | Football Club Administration
Prospect of Liverpool Football Club being docked 9 points should come as no surprise to Liverpool fans.
The club, which is the middle of a takeover battle could be docked the points if current owners Hicks & Gillett are successful in their attempts to block the proposed takeover by New England Sports Ventures (NESV).
If the High Court rules in favour of the current co-owners and blocks the sale to NESV, it is likely that RBS could call in its loans which including penalties, amounts to around £280m.
Should this happen it would effectively place Liverpool’s holding company, Kop Football (Holdings) Ltd, into administration, triggering a likely points deduction.
According to Premier League sources this would trigger a “significant risk” of a points deduction, even though the insolvency was at the holding company and not the club, and despite Liverpool FC itself being solvent.
This would not be the first time a club has been docked points in this manner. Southampton were docked points by the Football League when its holding company was pushed into administration because the club was its only asset, and the football club itself was insolvent.
Commercially, Liverpool have had an outstanding year having signed an £80m four year deal with Standard Charter. However, they have been unable to compete in terms of matchday revenues due to Anfield’s capacity of 44,000.
Fri 19th Feb 2016 | Football Club Administration
Bolton Wanderers have today confirmed the sale of its Euxton training ground to ‘another North West football club’. The Championship club have debts totalling £172.9m and are...
Fri 11th Dec 2015 | Football Club Administration
Northampton Town Football Club has confirmed that the application for administration has been officially withdrawn. Legal agreements had been reached this week between the club and Northampton Borough...
Thu 10th Dec 2015 | Football Club Administration
Bolton Wanderers have been handed a winding up petition by HMRC it’s been confirmed. The club, who are currently bottom of the SkyBet Championship, have debts of over £170m and have failed...