Luton Town in Administration

[Dover]

As per Sky Sports News. Now

 

[unnameable]

I didn't know that their financial situation was so bad. I presume that they will suffer a ten-point deduction.

 

[FalmerforAll!**]

Shame.

 

[Icy Gull]

They splashed the cash big time pre-season didn't they?

 

[Dover]

http://news.bbc.co.uk/sport1/hi/football/teams/l/luton_town/7108271.stm

 

[Kenhead]

That will put them bottom of the league with that deduction

 

[portslade seagull]

they knew the consequences....maybe we can nick Currie now

 

[Couldn't Be Hyypia]

It is sad, but I hate this "we'll use a legal loophole to drop our creditors in teh shit and start all over again" attitude. Leeds were the worst offenders adn see how they have flourished at the expense of shitting on the people they owed money to.

I hope Luton survive, but if you live by the sword....

 

[Starry]

be interesting to see the breakdown of their debts (%hmcr) and how feasible a cva would be.

 

[Starry]

wonder if the root and branch of the fa will branch out to this. probably not. but we can hope.

 

[Napper]

shame for the fans

hope they can raise themselves and do a number on Southend for us on Sat

 

[Basil Fawlty]

I would like to know how much they owe. I don't want a club to die, hopefully Luton will be saved.

 

[withdeanwombat]

Hellfire!

How many more clubs will this happen to? There must be dozens of football clubs--which are after all businesses--close to bankruptcy.Other types of business would simply be closed down.

Will we soon only have The Prem and Championship.....................and England......
to watch?

 

[dougdeep]

Luton is a dump though.

 

[BensGrandad]

At least they have done it with sufficient time for the manager to avoid relegation.

Having said that I believe that all clubs that go into administration should be relegated to the bottom division and have to start all over again.

 

[zefarelly]

my heart bleeds!

I can't think of a single good thing to say about the place or the club!

plastic pitch and away fan ban anyone ?

 

[Barrel of Fun]

Pinkney promised Premiership football within five years. I would imagine that Paul Peschisolido, Don Hutchison, Paul Furlong, Paul McVeigh, Darren Currie and Richard Jackson are paid more than the average League One player! However, I very much doubt that is the root cause of the problem. They have been struggling with the stadium situation since the 80s on top of that. As long as the money is kept in the Premiership then there will be a lot of happy players and happy plastic fans. Football is great, isn't it?

 

[Curious Orange]

Things are going a bit peculiar at Luton for a while, take a look at Clubs in Crisis for more details - but basically there board have refused to have a fans representative from the clubs trust on the board.

 

[RM-Taylor]

Won't Leeds feel left out now, maybe they should have another 10 point deduction

 

[RM-Taylor]

Luton is a dump though.

Exactly, nearly as shit as Grimsby