The EFL has now received the relevant submissions in regard to the overall position at Blackpool FC following the appointment of the Receivers, by the High Court in February 2019.
The information received from both the Club and the Receivers will now allow the Board to make a final determination on whether the Club is to be regarded as being subject to an Insolvency Event as detailed in Regulation 12.3.
The Board will consider the matter at its next meeting on 11 April 2019 and no further comment will be made until that discussion has concluded.
In the event of a Club being subject to an Insolvency Event after 5pm on 28 March 2019 (fourth Thursday in March), EFL Regulations 12.3.3 and 12.3.4 become relevant, though it should be noted that any potential points deduction would only be held over until season 2019/20 in the event of a Club finishing the current season 2018/19 in a relegation place based on its playing record (disregarding any points deduction applied under regulation 12).
12.3.3: Subject to the provisions of Regulation 12.3.4 below, where the Club becomes subject to or suffers an Insolvency Event, or the Board impose a deduction in accordance with Regulation 12.3.2:
a) during the Normal Playing Season but prior to 5.00pm on the fourth Thursday in March, the points deduction shall apply immediately;
b) during the Normal Playing Season but after 5.00pm on the fourth Thursday in March, Regulation 12.3.4 shall apply; and
c) outside the Normal Playing Season, the points deduction shall apply in respect of the following Season such that the Club starts that Season on minus 12 points (including in the National League if appropriate).
12.3.4: Where the circumstances set out in Regulation 12.3.3(b) apply and at the end of that Season, having regard to the number of championship points awarded (ignoring any potential deduction):
a) the Club would be relegated in accordance with Regulation 10.1.2(b) or 7.7, the points deduction will apply in the next following Season (including in the National League if appropriate); or
b) the Club would not be relegated as aforesaid, the points deduction will apply in that Season and Regulation 10.1.2(b) or 7.7 will then apply (if appropriate) following imposition of the points deduction.