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Once again, eloquently put. I shall let you make all my posts in future!

You're not seriously suggesting that was an equitable punishment? Ditto Palace and Portsmouth, 'flirting with relegation' and 'slumming it in the 3rd division'. If you're offering us that in return for an FA Cup I'll bite your hand off, it's not even close to a punishment. I do find your...

Spot on. Nothing more to be added.

Which I think is rather the point of the thread? Clubs that prosper after Administration?

.... and started again from scratch as per Aldershot, Newport, Accrington, etc which would have been the right and proper thing to do. Now you can simply swap X million pounds of debt for ten league points and carry on as if nothing had happened.