BusinessCorporate FinanceWrexham FC fails 10-point deduction appeal

Wrexham FC fails 10-point deduction appeal

Wrexham FC has lost its appeal against the 10-point deduction imposed by the Football League for going into administration last month.

Link: Wrexham placed into administration

The Dragons, which chose to go into administration to avoid an Inland Revenue winding-up order over a £1m tax bill, failed to convince an independent panel that their financial problems were caused by ‘unavoidable or unforeseeable circumstances’.

The club tried to argue that the loss of promised funds due to the collapse of the ITV Digital television contract in 2002 lead to its financial troubles.

However, the panel decided that the 10-point penalty should stand, leaving the Welsh club second-bottom in League Two.

Joint administrators, Steven Williams and David Acland of Begbies Traynor, said they were ‘naturally disappointed’ with the decision despite them admitting that a successful appeal was unlikely.

The decision leaves Wrexham with no more opportunities to appeal, and means they will remain firmly rooted in the relegation zone.

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