THE Football League has decided to refuse Saints the right to appeal against the 10 point deduction.
The League has informed Pinnacle of it's decision, and subsequently released a brief statement.
As a result, it leaves the Pinnacle deal in jeopardy, and as such could place the very future of the club in danger if none of the other bidders step in.
The full statement from the Football League reads: "The Board of The Football League met today to consider representations from the 'Pinnacle Group' with regard to their proposed takeover of Southampton Football Club.
"The Football League has the responsibility to ensure all League clubs start the season with certainty as regards the competition they compete in.
"With that in mind, The Football League has responded directly to the Pinnacle Group, and will continue to liaise with their representatives going forward. "
