Football League updates insolvency policy

Football League updates insolvency policy
The Football League has decided that any club in the Football League which goes into administration will receive a 12 point Sporting Sanction—an increase on the current penalty of ten points—after clubs approved changes to the League’s insolvency policy.The League’s insolvency policy is intended to help manage any club which suffers an insolvency event. The changes are intended to strengthen a number of key principles while also maintaining the rescue culture which gives clubs the opportunity to continue in league football and restructure their finances.
Changes to regulation:The Administr

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About the author:
Eleanor qualified in 1998 into the insolvency team at ASB law. She became a partner in 2005, and went on to head up the Recovery & Insolvency team. Whilst traditionally specialising mainly in contentious corporate insolvency matters, in recent years she has moved into the non contentious arena, in particular specialising in company administrations.