Birmingham Call in Receivers

[northstandsteve]

Seems there is no end to their problems.

http://www.bbc.co.uk/news/uk-england-birmingham-31504347

 

[Joey Jo Jo Jr. Shabadoo]

10 point deduction? Would do us a favour.

 

[Blue Valkyrie]

What are the implications of this ?

 

[Tony Meolas Loan Spell]

gteed 3 points for them sat then

 

[halbpro]

10 point deduction? Would do us a favour.

I don't think so just yet. There's no winding-up petition from their creditors apparently, so not formally insolvent and thus no punishment (as I see it).

 

[Rogero]

10 point deduction? Would do us a favour.

That would really help.Anyone know if it is a deduction?

 

[Marshy]

cant be that bad can it... otherwise they would have taken the 5 million from Bmuff ?

 

[Blue Valkyrie]

What is the difference between calling in Receivers, and going into Administration ?

Or are they the same ? Or do the receivers then, likely as not, put the football club into administration ?

 

[Superphil]

gteed 3 points for them sat then

Deffo

 

[Norman Baker suck my lozenge]

gteed 3 points for them sat then

It a ****ing dot on the card now!

 

[seagullsovergrimsby]

10 point deduction? Would do us a favour.

I think going into receivership avoids the 10 points deduction. However if there is a breach to the insolvency rules a deduction of up to 30 points can be made.

 

[Icy Gull]

Should have sold the 5 million player to moneybags Bournemouth

 

[surrey jim]

And how much money has just gone into the Premier League?

 

[Thunder Bolt]

It's the parent company, not Birmingham, that have called in the receivers.

 

[SAC]

It's the parent company, not Birmingham, that have called in the receivers.

Isn't that how Southampton tried, and failed, to avoid a points deduction?

 

[Stumpy Tim]

It's the parent company, not Birmingham, that have called in the receivers.

That's what happened to Southampton when they got their deduction

 

[Thunder Bolt]

Isn't that how Southampton tried, and failed, to avoid a points deduction?

That's what happened to Southampton when they got their deduction

Fair comment. We can only hope.

 

[Blue Valkyrie]

Can the receivers of this holding company then call in the receivers / administrators to the football club ?

 

[seagullsovergrimsby]

Fair comment. We can only hope.

I think in the case of Southampton it was fairly easy to prove they were inextricably linked , with Birmingham it could be more of a spaghetti junction.

 

[spence]

Isn't there a cut off point if points are to be docked? I reckon any deduction will apply next season?