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A stay of execution for Saints?
SAINTS look set to avoid a points deduction – for now at least – despite their parent company going into administration this morning.
Shares in Southampton Leisure Holdings were suspended by the Stock Exchange yesterday morning, as they were unable to publish their half-yearly accounts, and the administrators were subsequently called in later in the afternoon.
It was hoped that by putting the club’s parent company into administration, rather than the club itself, the team would avoid the mandatory ten-point deduction dished out to clubs who go into administration.
A Football League spokesman confirmed that, as far as their rules are concerned, that would be the case.
And that possibility is a potential silver lining to the dark cloud of administration for relegation-threatened Saints as, depending on where they finish this season, a ten-point deduction could either see them sent spiralling down to League One or start next season in the third tier on minus ten points.