Stockport County have finally stopped delaying the inevitable and entered administration, having been placed into it by David Farms, Aylesbury.
David Farms placed the club into admin after not receiving their loan of £300k back from the club, despite the Trust Board reportedly securing a deal to pay off the debt to David Farms.
A mass clearout of players and staff cannot be rule out, and it was only last week that the Board announced sweeping changes to the youth set-up to try and save costs.
The Manchester office of accountancy firm Leonard Curtis will handle the administration process.
The Football League have announced that the 10 point deduction will be imposed on County this season and not next. County, after the 4-3 win over Crewe last week, are safe from the drop to League Two, although they will possibly be hit with another deduction next season if they fail to exit administration in time for the strat of the season.