Independent inquiry into Saints' finances

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The club's parent company, Southampton Leisure Holdings, went into administration last week, and the Football League board met on Tuesday to discuss the matter. Saints claims they should avoid a 10-point penalty because the club itself is not in administration.

The league said in a statement: "The League board has instructed its legal advisors to commission an independent forensic accountancy report in order to clarify the legal and financial position of the club, as a matter of urgency."

It continued: "The board will reconvene once that report is available."

Southampton are currently three points from safety with six games remaining in the Championship.

Joint-administrator Mark Fry has warned the club are likely go bust before the end of the season if a buyer is not found, but said a number of potential investors have come forward.

"We have a substantial number of inquiries which we are following up," Fry said.