Blackpool will not face a points deduction following February’s appointment of joint receivers, the English Football League has confirmed.
Under EFL rules, clubs that experience an ‘insolvency event’ – such as being placed in administration – are usually subject to a 12-point deduction.
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Blackpool have avoided a point deduction
This is normally seen as having gained an unfair advantage by shedding debts other better-run clubs have met.
The appointment of receivers by a judge – in this case to force through the League One club’s sale to settle former owner Owen Oyston’s £25million debt to former business partner Valeri Belokon – could have been viewed in this light.
But the EFL board has decided this is a special case, unrelated to the club’s actual financial position, and the points penalty was therefore ‘not applicable’.
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In a statement, the EFL said: “Based on the evidence presented and the judgement of the court, the board agreed that the appointment of the receiver is not material to the club’s ability to fulfil its obligations as a member club and as a result should not be regarded as having suffered an insolvency event.”
The development was quickly welcomed by the Bloomfield Road club, with joint receiver Paul Cooper describing it as ‘excellent news’.
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Cooper said he was also ‘delighted’ for manager Terry McPhillips and the players ‘as they know exactly where they stand for the remainder of this campaign and next season’ – a reference to the fact the deduction could have been imposed immediately or at the start of the next campaign.
“It also allows the sale process to continue with a greater degree of clarity and certainty,” he added.
Blackpool are currently eighth in League One, eight points off the last play-off spot, with five games to play.
Blackpool avoid 12-point deduction after receivers appointed to run club Coventry are still to submit a "definitive application" regarding where they plan to play home games next season
Tangerines AVOID points deduction after February's
fussboll.com/2019/04/11/tangerines-avoid-points-deduction-after-februarys-appointment-of-joint-receivers/
Blackpool will not face a points deduction following February's appointment of joint receivers, the English Football League has confirmed. Under EFL rules, clubs that experience an 'insolvency event' - such as being placed in administration - are usually subject to a 12-point deduction.
Blackpool avoid points deduction - sports.yahoo.com
Blackpool AVOID points deduction after February's appointment of joint receivers. The EFL decided Blackpool's was a special case, unrelated to the club's actual financial position, and the
Blackpool avoid 12-point deduction after receivers appointed
Blackpool avoid points deduction. for since the appointment of joint receivers in February. the appointment of Court Appointed Receivers on February 13 2019." Blackpool are currently
EFL confirms Blackpool will NOT face points deduction after
Blackpool avoid points deduction. for since the appointment of joint receivers in February. has confirmed there will be no points deduction following the appointment of Court Appointed
Blackpool avoid 12-point deduction after receivers appointed
brandsauthority.com/blackpool-avoid-12-point-deduction-after-receivers-appointed-to-run-club-football-news/
The EFL have announced that Blackpool will not face a points deduction after receivers were appointed to run the club. The Seasiders were facing the 12-point deduction as appointing a court receiver is looked upon as an insolvency event by the EFL, which, like administration, carries the threat of points being docked.
Blackpool avoid points deduction - uk.sports.yahoo.com
Receiver Paul Cooper has welcomed the news that Blackpool Football Club will NOT be hit with a 12-point deduction. The reprieve comes after the EFL's board met this afternoon to discuss the club
Blackpool news: Tangerines AVOID points deduction after
The potential points deduction was discussed during the EFL board's April meeting along with matters involving four other clubs, but the decision was taken not to deduct Blackpool any points - a decision the club have been waiting for since the appointment of joint receivers in February. Under EFL
Blackpool avoid points deduction - in.news.yahoo.com
Blackpool will not lose any points following February's appointment of joint receivers, the English Football League has confirmed. Under EFL rules, clubs that experience an 'insolvency event
Blackpool avoid points deduction - sg.news.yahoo.com
The potential points deduction was discussed during the EFL board's April meeting along with matters involving four other clubs, but the decision was taken not to deduct Blackpool any points - a decision the club have been waiting for since the appointment of joint receivers in February. Under EFL
Blackpool FC receiver welcomes EFL's 12-point deduction
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