Quote:
Originally Posted by punky
I don't get the points deduction.
I thought it was confirmed earlier that they wouldn't get points deducted as they weren't insolvent (like West Ham didn't). Now the papers seem very sure that it's at least likely.
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The Football League have made similar points deductions. The crucial matter is if the holding company is irrevocably linked to the Football club and in this case they certainly are. Liverpool Football Club and Kop holdings are linked to such a degree that they won't get away with claiming the club itself is still solvent because they simply loaded the debt onto the parent company.
West Ham was solvent and crucially it was merely one asset for their parent company, which was an Icelandic bank and therefore the League decided that it would not impose the deduction. Which is fair enough because why should the club be deducted points when the parent company's administration was brought about by other businesses.
UEFA are being similarly smart with their Fair Play Rules.
Although I think this is a ruse to force the sell to happen. I think Liverpool and Manchester United are two clubs the league will never impose deductions on because regardless of their current quality and success they are big commercial names world wide.