Blackpool’s board will shortly review the financial position of the club before the English Football League decides whether any penalties are required in relation to a potential insolvency event.
The football club was placed into receivership on 13 February, appointment made by the High Court.
Former owner Owen Oyston and his daughter Natalie Christopher recently left the board and the appointment of receivers was subsequently confirmed.
A breach of insolvency regulations of this nature could lead to a 12-point deduction. This would obviously have a significant impact on the club’s ambitions to reach the play-offs.
Source: BBC Business News
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