Stricken giants Leeds United have been relegated from the Championship to League One (English football's third level) after being deducted 10 points for going into administration.
The 10-point penalty - in accordance with Football League rules - means Leeds will finish the season at the bottom of the Championship.
But crucially, they will start next season level with their League One rivals, rather than with a negative points tally to make up.
The administrator, KPMG, has already agreed to sell the club to a newly-formed company led by chairman Ken Bates.
A KPMG statement said: "Shortly after their appointment the joint administrators agreed to sell the business and its assets to a newly formed company.
"This company is called Leeds United Football Club Limited, the directors of which are Ken Bates, Shaun Harvey and Mark Taylor.
"The sale of the club is subject to approval by its creditors, via a Company Voluntary Arrangement (CVA).
"The creditors' meeting, to consider the CVA, will be held before the end of May. The Football League will also need to approve the sale."
The Football League has confirmed the club's 10-point deduction and consequent relegation.
Subject: Leeds United Relegated After Entering Administration 
Sat May 05, 2007 1:18 am
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