Stockport enter administration amid financial woe
Thursday 30 April 2009
League One side Stockport County are facing a 10-point deduction after going into administration today.
With the club safe from relegation, the Football League — which governs the three divisions below the Premier League — has not said whether Stockport will have the points taken away this season or next.
"The club have struggled with historic levels of debt and despite early hopes that administration could be avoided earlier this week, the club has been unable to satisfy its secured creditor," administrator Leonard Curtis said in a statement.
Four clubs have had points deducted this season for breaking financial rules by going into administration, while Southampton is considering an appeal against a similar sanction.
Stockport are 13th in the 24-team standings ahead of this weekend's final round of matches, with even a 10-point deduction leaving them clear of the relegation zone.
"We are extremely hopeful that we will find a buyer for the club and are already aware of a number of expressions of interest," John Titley, a director of Leonard Curtis, said.
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