League 1 Luton Town enter administration

November 22, 2007
Struggling League One outfit Luton have been placed into administration.

Insolvency specialists, The P&A Partnership, confirmed the news on Thursday evening after the club's directors were advised the Hatters could not continue functioning in their current state.

P&A Partnership spokesman Brendan Guilfoyle said: 'Administration will give the club breathing space and an opportunity to restructure its finances.

'Our aim is to maximise the value of the company's ...

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