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

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

Vital Pre-Match - Crystal Palace v Watford

Watford's impressive return to the topflight will see the us looking for a reaction to the defeat to title chasing Spurs a week ago ahead of the FA Cup tie with Leeds next weekend.

Flores Ahead Of Palace

Head coach Quique Sanchez Flores has now held his pre Crystal Palace press conference and confirmed that Watford go into the tie in good spirits.

The Watford FC Walking Wounded - Injury List

Our weekly update looking at the injury table and also comparing with all our competitors in the Premier League.

Match Day Officials v Palace

The Premier League have now announced the Match Day officials that will take charge of the game against Crystal Palace this weekend.

Archived Vital Watford Articles

Vital Watford articles from

Site Journalists

Harry Welch
Profile
KDCallanan
Profile
chrisgwfc
Profile
Colin Cowan
Profile
Alex Moore
Profile

Current Poll (see more polls)

Crystal Palace v Watford
Suggested By:
Watford win50%
Crystal Palace win25%
Draw25%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Leicester City 25 15 8 2 53 20
2 Spurs 25 13 9 3 48 26
3 Arsenal 25 14 6 5 48 17
4 Man City 25 14 5 6 47 21
5 Man Utd 25 11 8 6 41 10
6 West Ham 25 10 9 6 39 9
7 Southampton 25 10 7 8 37 9
8 Everton 25 8 11 6 35 12
9 Liverpool 25 9 8 8 35 -4
10 Watford 25 9 6 10 33 0
11 Stoke 25 9 6 10 33 -7
12 Crystal Palace 25 9 5 11 32 -4
13 Chelsea 25 7 9 9 30 -2
14 WBA 25 7 8 10 29 -9
15 AFC Bournemouth 25 7 7 11 28 -12
16 Swansea 25 6 9 10 27 -9
17 Newcastle 25 6 6 13 24 -18
18 Norwich 25 6 5 14 23 -20
19 Sunderland 25 5 5 15 20 -19
20 Aston Villa 25 3 7 15 16 -20
Latest F1 News
Latest Vital Boxing News

Watford Fixtures (view all)

Feb 13 2016 3:00PM : Crystal Palace (a)
Barclays Premier League
Feb 20 2016 3:00PM : Leeds United (H)
FA Cup
Feb 27 2016 3:00PM : AFC Bournemouth (H)
Barclays Premier League
Mar 2 2016 8:00PM : Manchester United (a)
Barclays Premier League
Mar 5 2016 5:30PM : Leicester City (H)
Barclays Premier League
Mar 12 2016 3:00PM : West Ham United (a)
Barclays Premier League

Recent Watford Results (view all)

Vital Members League Table

RankNamePoints
1.David Allen1