Going down, out or both?

This is all about a soccer trade. For some time I have been watching the odds on Southampton being relegated from the Championship. Southampton have been in a precarious financial position for some time and I fully expected them to fall foul of the league rule that says you will be deducted 10 points if your club goes into administration (goes out of business).

Today Southampton went into administration which should have meant almost certain relegation as I predicted months ago. However there is some confusion about whether the points deduction will take place as it seems the holding company has been put into administration but not the club itself?

They are still 1.40 odd to back for relegation but I can't tell you any longer if that's value. You can read some of the discussion around the points deduction here. There still may be an opportunity to hand.