Nath
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Registered: 3rd Apr 02
Location: MK
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http://www.football-league.co.uk/page/NewsDetail/0,,10794~1341988,00.html
Blue Square Prem for us next season then.
Jesus Christ 
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
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Come and join us, come and join us, come and join us over here! 
In all seriousness though bad news, is the 20 point deduction definite?
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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20 point deduction 
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Hammer
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Registered: 11th Feb 04
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That is shit
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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Shocking! But to be fair you can't have clubs going bankrupt every 3 years 
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Nath
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Registered: 3rd Apr 02
Location: MK
User status: Offline
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The consortium who are the preferred bidder to buy the Hatters, Luton Town Football Club 2020 Ltd (LTFC2020), have been informed today of the conditions upon which the Football League will return the 'Golden Share' to the Club. The Football League have said they will provide further detail behind their decision to the Club tomorrow.
In a phone call to Gary Sweet, MD of LTFC2020, Andy Williamson, Chief Operating Officer of the Football League stated that the decision of the Football League board was that the share would be returned on the basis of the Club accepting three key penalties:
a)that the Club accept they will be deducted 20 points during the 2008/9 season
b)that the club pay an additional half a million pounds for the club so that the creditors receive 16p in the £
c)that the Club sign a letter relinquishing any rights of appeal
Stephen Browne, director of LTFC2020 said, "It's quite clear that we have made a mistake. We placed our faith in the footballing authorities. We have tried to do everything openly and honestly. We tried to give our best offer from the start. Obviously the very clear message from both the FA and Football League is that doing such a thing is a total waste of time. Once again the Club suffers from the mismanagement of the past. Once again the faithful supporters are left high and dry. Once again, a policy of honesty is not at all recognised by the football authorities who claim they want to clean up the game. Once again the Football League fail as who was it that cleared the previous owners as 'fit and proper' owners in the first place?"
Stephen continued, "The Football League had our application at the end of April. They have prevaricated because of the Leeds case and this has caused the administrator costs to rise as he has been managing the Clubs business for longer than needed. Even bearing this in mind, the Football League have decided to dictate what should be paid for the football club as it now appears that they are the only people who can set a purchase price for a football club. It's a gun to our heads because we also have to forego our right of appeal; or else we will not be allowed to stay in professional league football.
It is quite clear to me that to incur significant costs of seeking a CVA, as well as the extra time involved, is something that is a total waste of money. In addition, the Football League are confused - their statement says 'in line with recent precedent' when it was very clear from the Leeds case that the Football League were told NOT to view that outcome as a precedent."
When asked what will now happen, Stephen said, "We have already discussed this internally and we have decided unanimously that we will continue the fight by sticking to our principles of openness and honesty. People who should, in theory at least, be protecting supporters and encouraging honesty in the game will not bring us down. They are clearly trying to push Luton Town out of existence for mistakes that they should take part of the blame for. It is obvious that their Insolvency policy is in disarray and even after the Leeds case, they are still no nearer to bringing their policies in line with UK law. It's not a laughing matter anymore, but even so we will continue to ensure that Luton Town has a solid and sustainable future, despite what the Football League do to us."
LTFC2020 Ltd is currently in discussions with the administrator in order to bring an end to administration.
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Nath
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Registered: 3rd Apr 02
Location: MK
User status: Offline
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quote:
Originally posted by Tom
Shocking! But to be fair you can't have clubs going bankrupt every 3 years
Which makes their punishment even more bizarre.
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Danny P
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Registered: 20th Nov 02
Location: Cleckheaton, West Yorkshire
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Says 30 on Sky
http://www.skysports.com/story/0,19528,11750_3802512,00.html
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Nath
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Registered: 3rd Apr 02
Location: MK
User status: Offline
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Already had -10 Danny
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Marc
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Registered: 11th Aug 02
Location: York
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I foresee Luton Town going bust and a new team formed by the fans called AFC Luton Town. You'll strat in the Ryman league and work your way through Conference South before making the big time in the Conference where you'll make the play offs every year but won't get promotion back to the Football League 
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Nath
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Registered: 3rd Apr 02
Location: MK
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Nah, it'd be Luton Wanderers or Luton Excelsior, the names of the two teams that merged to form the mighty (fucked) Luton Town.
[Edited on 10-07-2008 by Nath]
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Buzz
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Registered: 8th Dec 99
Location: York
User status: Offline
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bloody shocking
how can any club be expected to survive this way we HAVE to win the first ten games to get to zero and maybe if we are lucky other teams might be shite and not have a great deal.
think this means we have lost 40 points in two seasons
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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Someone Ive met has posted 
Again.
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Danny P
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Registered: 20th Nov 02
Location: Cleckheaton, West Yorkshire
User status: Offline
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quote:
Originally posted by Nath
Already had -10 Danny
Ah, forgot about that. So you will start on -30 then
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Buzz
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Registered: 8th Dec 99
Location: York
User status: Offline
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yes
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Russ
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Registered: 14th Mar 04
Location: Armchair
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and leeds got what????? they had a good squad too, what have lutonn got
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Nath
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Registered: 3rd Apr 02
Location: MK
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quote:
Originally posted by Russ
and leeds got what????? they had a good squad too, what have lutonn got
-10 one year, followed by -15 the next.
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Nath
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Registered: 3rd Apr 02
Location: MK
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AND Leeds agreed to theirs, but then appealed.
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MatthewR
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Registered: 21st Oct 02
Location: Rickmansworth
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hahahaha
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AndyKent
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Registered: 3rd Sep 05
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WTF. Said it before but the FA want shooting.
Presumably they just think their jobs would be much easier if we just had a premier league of course.
Fucking
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by aPk
Presumably they just think their jobs would be much easier if we just had a premier league of course.
Yeah because they never have any problems when it comes to the PL do they?!
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AndyKent
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Registered: 3rd Sep 05
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Scrap football all together then perhaps, then they'd have an easy job
[Edited on 11-07-2008 by aPk]
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Nath
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Registered: 3rd Apr 02
Location: MK
User status: Offline
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quote:
Originally posted by MatthewR
hahahaha
Ah well. Could be worse. Could be hated by EVERYONE.
Leeds
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richard_cooper
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Registered: 31st Jan 07
Location: Mansfield, Nottingamshire
User status: Offline
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Stupid!
I feel sorry for all the Luton fans.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by richard_cooper
I feel sorry for all the Luton fans.
Dont worry, not too many of them.
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