Leeds United and Boston United entered into administration signing Company Voluntary Arrangements when they knew that relegation could not be avoided. This led to suggestions that in addition to picking up an effectively redundant ten-point penalty this season rather than next, they had also ill-served their non-football creditors who look likely to lose out on the majority of their investment.

The matter will also be discussed at the Football League board meeting this week and new proposals will be submitted either at its AGM next month or at an EGM in September.

An FA spokesman told Accountancy Age that the issue had already been the focus of discussions by football mandarins. ‘This issue has been discussed at some length by the FA’s Financial Advisory Committee (which is comprised of representatives of the FA and various league representatives) and the general feeling was that there was no obvious alternative that would solve the problem.’ He added: [The issue] will very likely be looked at again in the close season in light of the Leeds and Boston cases.’

For more go to www.thefa.com