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Penalised Southampton face relegation

Southampton will be relegated from the Championship after being docked 10 points by the Football League.
The penalty comes after the club's parent company went into administration at the start of April.
Southampton are currently four points off safety with two games to go and, even if they beat the drop, they will be deducted 10 points.
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 their parent company Southampton Leisure Holdings plc had gone into administration.

But a League investigation by "independent forensic accountants" found that the club and the holding company 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It was also revealed that the company commissioned to look into the matter reported that co-operation with them was withdrawn towards the end of their enquiries.
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another former premiership club joining Charlton in League 1 next season, sad when you see clubs end up like this.

Dmac

I'm guessing BBC, but always put a source mate.
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Anyway, I thought that Southampton were guaranteed that they wouldn't be docked any points until next season.

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Mark~

League 1 is fast filling up with big teams. Next season could see Southampton, Charlton, Norwich, Leeds and ourselves.

Obviously I hope we go up and don't have to play them, though.
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The Phantom

Money is ruining the soul of football.

Never again will we see a small club battling the giants. It’s a sad state of affairs. If things continue the way they are going, in 10 years we’ll probably only have a handful of clubs left in the football league.

Tommy Platinum

I hate the ''money is ruining football'' argument. <_<

Money makes the world go round.

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Mark~

Well, whilst you're alright with your millions, many, many clubs are struggling.

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Dmac

Well actually, United's parent company announced huge losses not long ago.

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Tommy Platinum

We're poorer than anyone lol.

But what do you suggest we do? Take money away from the big clubs? Its business. Pretty naive to suggest the game shouldn't be about money, because everything is.

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God

Money only ruins you if you dont know how to handle it. Roy Keane at Sunderland is an example of what not to do with money.

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Dmac

Southampton's biggest waste of money was Sir Clive Woodward, no one at the time had any idea how much they were paying him apparently.

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