Guardian - League sets 25-point penalty benchmark for insolvency
To all 40 clubs in dire straits, I'm sorry Leeds have set a precedent. Even Scum Utd with the millions it owes in interest alone and Chelski not being fed with cash anymore.......
Football League clubs which fall into insolvency and then fail to exit via a Company Voluntary Arrangement (CVA) can now expect to be deducted 25 points in total, following the upholding last week of a similar sanction imposed on Leeds United. Clubs are expected to encounter this problem increasingly because Her Majesty's Revenue & Customs, always a substantial creditor where football clubs go into administration, is routinely voting against CVAs.