Agreed - if Stockport didn't take the measures we did in playing the youth team for a season, then they effectively avoided relegation by carrying on spending, and took the administration knowing that they would probably be in the same league if the worst did happen. By doing our best to avoid administration by playing the youth team, we took a double whammy of administration and relegation. Any points deduction should be applied at the point the club went into administration.
I agreed with a wage cap as well, but I’m sure some clubs would find a way around it – by paying a salary and “gifting” money or assets (such as cars, houses etc) to players. I think it would be difficult to police this.