Luton is not a football club that is threatened by administration, Gary Sweet has confirmed after Wigan became the first Football League club to face that fate.
The Hatters supremo has, however, confirmed once again that relegation will make back to League One will make club finances even more difficult, having previously said it could cost £6million.
Rock bottom Town face two massive games this week against relegation rivals Barnsley and Huddersfield, from which boss Nathan Jones has said they must take points to stand any hope of beating the drop.
But after playing his part in rescuing the club back in 2008, after a third administration in nine years, Sweet has offered hope of financial stability during a Coronavirus pandemic that has hit Football League clubs’ finances.
Writing in Luton’s Saturday match-day programme, he said: ‘Whilst business has been very difficult for us over the last four months, Luton Town will not be one of those clubs who will face administration.
‘This is largely thanks to your generosity and support, for which we thank you from the bottom of our hearts.
‘I can’t underestimate how much more difficult it will be should our fate see us in League one next season, mostly and genuinely due to us having to take on Championship level debt when we’ll need to recover with a fraction of Championship income, all of which has been outside of our control. But we must remain confident of avoiding that horror for now’.
