So the holding company owns the ground, but also owes a huge debt against it - presumably in the form of a mortgage for the bulk of it. The administrators need to liquidate the assets of the holding company in order to try and meet the creditors requirements. So given that the holding company has two assets, the ground, and the shares in Soton FC, there are only two things that can be sold. Of course in reality the ground CANT be sold because it's got a mortgage over it so that leaves the sale of the football club subsidiary. If that gets sold then Soton won't own their own ground, and will need to pay rent on it. Presumably they've been doing this already, by paying their parent company, who could then loan the funds straight back to the football club if necessary. The question nobody's answered for now is whether the footballing subsidiary in its own right continues to be a viable business. If the parent company has to sell it, who will buy it if it's lossmaking AND doesn't have any assets to speak of (assets of course primarily being their ground). They're actually going to be in the same position as Barnsley - Oakwell being owned by one company and the football club by the other. The difference being in our case that the football club looks after itself financially whereas I bet Southampton is haemorraging cash like there's no tomorrow. Should they be deducted 10 points? Well if the football club can pay its way INCLUDING paying for use of the ground no matter who owns it, then no. If the football club is going to collapse because of the problems with its parent - then yes. If it was up to me I'd deduct them 40,000 points a season for the next 100 years.
they will NOT be deducted 10 points they are a BIG club, and the FA/FL like BIG clubs .especially southern clubs.Or clubs with someone of their own connected...like Wendies. The only other ones they do not hit are big bully clubs like the Mancs and Blunts.
