Wednesday, 1 April 2009

Saints face administration

Joe the Saint texted me today to say that Charlton's opponents on Saturday, Southampton, may going into administration tomorrow. However, at the moment it is only the holding company that has had trading in its shares suspended: Saints

As that is the case, at the moment Saints do not face a ten point deduction by the Football League. I don't like to see any club penalised in that way: I would rather beat them on the pitch.

Meanwhile, Charlton are reported to have announced that 25 staff will be made redundant to cope with the financial consequences of the end of parachute payments and relegation. Often it is not particularly well paid non-playing staff who bear the brunt of relegation, as happened when we failed to remain in the Premiership.

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