The Premiership confirmed its intentions, saying: ‘The issue of penalties for administration will be up for discussion over the course of the summer but we have not made any decisions yet.’
The move, which follows the adoption of point penalties in the Football League two weeks ago, will increase the problems faced by Premiership clubs, creating a ‘dangerous game of double jeopardy,’ according to insolvency experts.
Matt Dunham, partner at RSM Robson Rhodes, said: ‘It could make the end of the season a joke. If people know the club is going to be relegated at the end of the season, it will be harder to get fans to go to games, it will be more difficult to raise finances and it will be harder to motivate the players.’
Leeds Utd could be the first club in danger of being affected. Its weak finances mean it is at risk of going into administration. Last week it appointed Neil Robson, director of corporate finance at Ernst & Young, as interim chief financial officer.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children