http://news.bbc.co.uk/sport1/hi/football/teams/s/southampton/7976473.stm
It is possible that moves to put the club's parent company, rather than the club itself, into administration will save it from having points docked by the Football League.
However, if a significant proportion of the club's debt is wiped out by such a move, it could still be at the discretion of the League whether a penalty is imposed.
Hmm.