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the athletic The Athletic.

As usual, we're joined by the Athletics Mat Slater and coming up with the news that EFL side

Derby County are set to go into administration and face a point deduction. We're

joined by Paul Appleton, a leading insolvency practitioner with firsthand

experience in working with

football clubs who enter administration to explain the process. Then we're

joined by leading business economist Mark Gregory who's written a book that outlines his vision as to how

English football can break the cycle of its professional clubs getting into severe

financial difficulties. So let's start with Paul Appleton on the pod, a partner of Begbee's trainer, a leading

corporate rescue and recovery practice. Paul is a chartered accountant and a licensed insolvency practitioner who has worked directly with professional football clubs in England who have gone into administration.

To keep it very, very simple to start with.

Paul, what is administration?

Administration is a tool to do one or three things.

The first is to rescue the company as a going concern,

...