Vital Football

Latest Watford FC News

Luton Town in ADMINISTRATION

Luton Town in ADMINISTRATION

I don't know whether to laugh with joy or cry in despair, Luton Town have this evening gone into administration.

The Hornets great rivals have had some financial irregularities for some time now, but chairman David Pinkney has today taken this step in an attempt to move the club forward.

Three insolvency specialists have been given the enviable job of increasing the worth of the clubs assets and finding some poor soul to buy the club.

The specialists who have been called in are 'The P&A Partnership', and the administrators are John Russell, Chris White and Brendan Guilfoyle.

Luton Town hope to have a buyer by the end of 2007, whilst current chairman, David Pinkney, installed at the end of last season, has agreed to fund the trading losses until the sale proccess is complete. This will enable Town's Football League fixtures to go ahead in the mean time.

Brendan Guilfoyle had this to say: 'This will give the club breathing space and an opportunity to restructure its finances,'

Consequently, Luton Town now face a 10-point deduction by the Football League for going into administration, a fate suffered by fellow League One side, Leeds United last term.

This devoted Hornets fan deerly hopes that Luton Town manage to find a buyer as soon as possible that will benefit the club in the long term, and that the Football League removes this stupid 10-point deduction rule, A.S.A.P.

Writer:wfc123
Date:Thursday November 22 2007
Time: 6:00PM

Best of Vital Network

Vital Boxing - Khan to Fight in the UK

Comments

0
10 point deduction? You're right, that is stupid.
entertainmentwh
23/11/2007 07:10:00
0
Indeed. Talk about kicking a club when they are already down.
wfc123
23/11/2007 08:40:00
Page 1/1
  1. 1

Login to post a comment

Recent Watford Articles

New Jakubiak Deal Then Loan - Sinclair Deal Off

Watford have handed striker Alex Jakubiak a new deal with him then loaned to Fleetwood but the proposed loan exit of former Liverpool forward Jerome Sinclair to Norwich is off.

Two Permanent Exits Confirmed

Sean Murray has been granted a free transfer by Watford, which has seen him sign a deal with Swindon with Allan Nyom's switch to West Brom also confirmed tonight.

Norwich Interested In Sinclair Loan

Sinclair, signed from Liverpool this summer, is set to leave Watford for a loan spell in the Championship with several clubs said to be interested with Norwich favourites.

Nyom Heading To West Brom?

Nyom's short spell with Watford, having arrived last summer, looks to be coming to an end with a fee of around £3m said to be enough to tempt the Hornets into selling him to West Brom.

Archived Vital Watford Articles

Vital Watford articles from

Site Journalists

Harry Welch
Editor email
Profile
KDCallanan
no email
Profile
chrisgwfc
no email
Profile
Colin Cowan
no email
Profile
Alex Moore
no email
Profile

Current Poll (see more polls)

Arsenal MotM
Suggested By: Site Staff
Gomes6%
Kaboul6%
Prodl0%
Kabasele6%
Amrabat6%
Guedioura6%
Behrami6%
Capoue6%
Holebas0%
Ighalo0%
Deeney6%
Sub - Pereyra46%
Sub - Janmaat0%
Sub - Success6%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Man City 3 3 0 0 9 6
2 Chelsea 3 3 0 0 9 5
3 Man Utd 3 3 0 0 9 5
4 Everton 3 2 1 0 7 2
5 Hull City 3 2 0 1 6 2
6 Middlesbrough 3 1 2 0 5 1
7 Spurs 3 1 2 0 5 1
8 Arsenal 3 1 1 1 4 1
9 Leicester City 3 1 1 1 4 0
10 WBA 3 1 1 1 4 0
11 Liverpool 3 1 1 1 4 -1
12 West Ham 3 1 0 2 3 -2
13 Burnley 3 1 0 2 3 -2
14 Swansea 3 1 0 2 3 -2
15 Southampton 3 0 2 1 2 -2
16 Sunderland 3 0 1 2 1 -2
17 Crystal Palace 3 0 1 2 1 -2
18 Watford 3 0 1 2 1 -3
19 AFC Bournemouth 3 0 1 2 1 -3
20 Stoke 3 0 1 2 1 -4
Latest F1 News
Latest Vital Boxing News

Recent Watford Results (view all)

Vital Members League Table

RankNamePoints
1.Jack Hall1
2.Daniel Smith11