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.

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football

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

Watford Battle With Middlesbrough For Espinosa

Watford and Middlesbrough will be go 'head-to-head' in the hopes of landing the Sporting Gijon free agent with it also reported Everton & Bournemouth are 'admirers' of Espinosa.

Mazzarri Targets Inter Milan Pair?

Reports say Watford are in for Inter Milan pair Juan Jesus and Davide Santon.

Who Will Watford Face In 2016/17 (29/5/16)

All promotions and relegations for the season of 2015/16 have been confirmed, so the full make up of the Premier League for 2016/17 is now known.

No More Quarter Final Replays For Watford

Should Watford progress through to an FA Cup quarter final from the 2016/17 season onwards, the game will no longer be subject to a replay.

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)

Sunderland MotM
Suggested By: Site Staff
Gomes5%
Cathcart1%
Prodl1%
Britos0%
Ake3%
Abdi24%
Guedioura1%
Watson1%
Jurado2%
Ighalo1%
Deeney56%
Sub - Paredes2%
Sub - Suarez1%
Sub - Amrabat2%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Latest F1 News
Latest Vital Boxing News

Recent Watford Results (view all)

Vital Members League Table

RankNamePoints
1.Kevwicks1