What Happens To A Football Club If They Get Into Debt And Cannot Pay It Off?

In modern day football we are seeing many clubs get into financial difficulty.
There are many reasons why this is happening:
* Player wages are becoming far too high for clubs to manage.
* Teams that get relegated from the top leagues have to take a massive drop in income.
* Running a football club has become a lot more expensive.

If a football club finds it cannot pay their debtors off then yes they can apply to go into administration.
If a team is put into administration their debts can be sorted out by professionals and there is a better chance that the club will survive.

However going into administration has some nasty consequences for the respective club. The main one being that the club has to take a -10 point deduction during the season they have applied to go into administration or the following season.

A deduction in points can potentially see a team loose out on being promoted or in worse cases see a team be relegated from their league.