However, Mark Fry, joint administrator of SLH, insisted he was "shocked and extremely disappointed" with the League's decision to deduct points.
BBC: Penalised Saints face relegation
2.
But a League investigation by "independent forensic accountants" found that the football club and SLH were "inextricably linked as one economic entity" and applied their mandatory penalty.
BBC: Penalised Saints face relegation
3.
Chief executive Rupert Lowe, Saints chairman Michael Wilde and director Andrew Cowen resigned from the company last week, although a statement from SLH said the club was "unaffected by these insolvency proceedings".