Mon, 27 Apr 2015 | ADMINISTRATION
The punishment for Scottish football clubs entering insolvency has been increased following a decision by the country's most senior clubs.
An immediate 15-point deduction will be applied to any club that enters administration and a further five points will be deducted from the club in the following season.
This is an increase from the current regulations which impose a one-off 15-point penalty for the first instance of administration and a 25-point deduction for a second instance of insolvency should it occur within a five-year period.
The amendment was reportedly “approved overwhelmingly by clubs” during the Scottish Professional Football League meeting at Hampden Park.
Among the clubs to attend the meeting was Hibernian FC, who welcomed the decision and the move to tighten the regulations.
There have been a number of insolvencies in Scottish football over recent years. Dundee and Livingston have actually gone through the insolvency process twice in the past six years, while Dunfermline Athletic have entered administration once, along with Hearts and Rangers.
Hearts suffered a particularly drawn out insolvency with around 11 months spent in administration before businesswoman Ann Budge was able to finalise the deal to take control of the club.
Read more about Hearts' administration.
This unique and renowned freehold bar and restaurant in the heart of York City Centre offers over 250 covers across its spacious interior, pavement seating, and a rare rooftop terrace.
FREEHOLD
A well established and strongly profitable engineering business, located in the Midlands. The company will be an attractive acquisition for both a larger trade buyer and also those looking for a stable engineering business.
This European pharmacy manufacturer specialises in providing custom clinical trial batches for leading pharmacy companies across the continent, playing a crucial role in their R&D efforts.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.