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But the lawyer appointed by the administrators of the parent company of Southampton football club believes that will not happen.
BBC: Saints expect to avoid punishment
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It only becomes insolvent when account is taken of the position of Southampton football club and the other group companies.
BBC: Penalised Saints face relegation
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The south coast outfit had hoped to avoid the punishment as they argued that it was their parent company Southampton Leisure Holdings plc (SLH) which had gone into administration on 2 April - not the football club.
BBC: Penalised Saints face relegation