League chief executive David Burns and chairman Keith Harris have both quit this morning after a meeting of the League’s board of directors in London.
Both have been under pressure to resign after a High Court judge ruled last week that ITV Digital parents Carlton and Granada were not liable for the £178.5m owed to the League.
Harris admitted he was under pressure to quit. In a report on the League’s website, he said: ‘If the League chairmen want heads to roll, and if this is a cock-up that demands heads to roll, then I’m not going to stand in anyone’s way.’
The loss of the lawsuit has left many League clubs short for the season, which begins next Saturday. Although rights to air clubs’ matches were sold to Sky in a £95m four-year, losing the lawsuit will mean they will not have £131m they expected to receive.
The move comes amid speculation of a massive overhaul in the League’s organisation.
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