"I have to say, first of all, that all of us who have the good of Luton Town at heart are shattered at the Football Association's decision to hand out a 10-point deduction for next season.
As the prospective new owners of the club, we really didn't expect to be punished for something that clearly is no fault of our own. We and our fellow supporters are the ones who are made to suffer. The cornerstone of our bid to take over the club has been honesty and transparency and I believe we have behaved impeccably throughout this disciplinary process.
The administrator pleaded guilty to the charges, with our support, bearing in mind the long-standing club secretary, Cherry Newbery, had had the courage two years ago today to tell the FA of her concerns at what was happening. If she hadn't done so, would the FA be any the wiser now?
What message does this send out to any other dedicated employees who are concerned about activities at their clubs? We made a plea for a suspended sentence to show how seriously the FA viewed the charges, but to avoid making innocent people suffer. Compare this with West Ham. They breached the rule book and appeared to create an advantage on the field of play. Although they received a fine, they were not docked points.
Why hit little old
As a result, we suffered relegation for the second successive season.
Now we are in the bottom league, hammered with this FA penalty and awaiting a further sanction next week when we, hopefully, emerge from administration. If
We are considering an appeal to the FA over the severity of the penalty, but this will cost a lot of money. Obviously, it would have to come from somewhere and that is likely to be the area of the budget we had planned to increase considerably in the coming years ....the youth development programme. An own goal, I think, both for us and the FA.
Meanwhile, I must stress that those of us at the heart of LTFC2020 are still utterly committed to turning things round, however victimised we seem to be. I personally have been going to
Whatever the outcome of these tortuous issues, we will stand firm and turn things round. I am confident our wonderful fans will stand right behind us too. And, I can assure you, we are deeply grateful for that. "
Nick Owen was speaking to BBC Sport's Ged Scott