On this I will gloat, for all the years of stick I got when Pompey were shit, the name calling in the street the "your going down" in the pub from complete strangers. I can take stick no problem, but for all the years that Saints fans looked down on Pompey it's time for us to claim Kings Of The South goodbye Southampton FC.
Southampton have been effectively relegated after being docked 10 points by the Football League.
The ruling comes after Saints' parent company went into administration, though the club and administrators say they expect to launch an appeal.
Four points off safety with two games to go, Saints will lose 10 points if they stay up in the Championship.
And if they do not avoid finishing in the bottom three then the points penalty will take effect next season.
The south coast outfit had hoped to avoid the punishment as they argued that it was their parent company Southampton Leisure Holdings plc (SLH) which had gone into administration on 2 April - not the football club.
But a League investigation by "independent forensic accountants" found that the football club and SLH were "inextricably linked as one economic entity" and applied their mandatory penalty.
The League also found that: "The holding company has no income of its own; all revenue and expenditure is derived from the operation of Southampton Football Club and the associated stadium company.
"The holding company is solvent in its own right. It only becomes insolvent when account is taken of the position of Southampton football club and the other group companies."
The statement added that there was no alternative other than to invoke the 10-point penalty.
It was also revealed that the company commissioned to look into the matter reported that co-operation with them was withdrawn towards the end of their enquiries.
However, Mark Fry, joint administrator of SLH, insisted he was "shocked and extremely disappointed" with the League's decision to deduct points.
Former chairman urges fans to back club
"The football club was not even aware that the investigation had been concluded," he told the BBC.
"We remain very firmly of the view that the rules do not apply, and that the Football League has stretched the rules to meet the circumstances. The football club is not in administration.
"The Football League is a members' organisation, and with any such body of that nature, you run the risk that if there is any grey area, they can interpret the rules as they see fit.
"I think they've interpreted the rules to suit the conclusion they wanted to reach.
"It is expected that an appeal will be launched."
Leon Crouch, who has had two spells as chairman of the football club, hit out at the "terrible timing" of the League's decision.
He told BBC Five Live Sport: "Southampton Leisure Holdings and Southampton Football Club are two separate companies.
"Mark Fry is the administrator for SLH, he's not the administrator for the club. We're not in administration, we're paying our bills and I don't see how they can take these points off us.
"Southampton Football Club was set up so that if this ever happened, we would not have these points deducted - it's the way they have interpreted the rules.
"I think we have a very strong case, I hope we appeal and we now have to focus on winning against Burnley on Saturday, we need to safeguard our Championship status and then hopefully have this decision overturned - then we'll be back where we belong next season."
Responding to Crouch on Five Live Sport, Football League chairman Lord Mawhinney said: "What he said that was of particular interest of me was when he said this structure was set up to avoid the football club having a penalty if it got into financial trouble.
Football League chairman Lord Mawhinney
The board is acting on sound legal advice, implementing the rules the clubs themselves wanted put in place
Football League chairman Lord Mawhinney
"We have looked carefully at the holding company's annual accounts, which include the football club, we sent forensic accountants into the company - not Football League staff, but people whose expertise is to get to the bottom of relationships between companies - and we have taken external legal advice.
"It's quite clear the holding company and the football club are inextricably linked as one economic entity.
"All of the evidence pointed us to the conclusion that an administrator has been appointed that covers the club or aspects of the club as well as the holding company, and that being the case, we had no flexibility under Football League regulations - we had to apply sporting sanctions.
"It's worth pointing out that those sporting sanctions were agreed by all the clubs. This is not a runaway decision - the board is acting on sound legal advice, implementing the rules the clubs themselves wanted put in place."
The 10-point deduction for Football League clubs entering administration was introduced in 2004, with Wrexham the first League team to suffer a deduction in the 2004/05 season.
In 2007, the rule was amended so that clubs going into administration after the fourth Thursday in March would have the 10-point deduction suspended, after Leeds United and Boston United both entered administration when they were all but relegated, just before the end of the 2006/07 season.
Portsmouth Remix
Go Crouch!!!!!!!!!!!!!!!!!!!!
Friday, 24 April 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment