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Page last updated at 11:58 GMT, Friday, 29 April 2011 12:58 UK

Rushden & Diamonds suffer five-point Conference penalty

Rushden & Diamonds

Rushden & Diamonds have been deducted five points for inaccurate information in their quarterly financial reports.

The Football Conference has also imposed a suspended fine of £2,000 on the Blue Square Bet Premier club.

A petition to wind up Rushden & Diamonds FC Ltd has also been issued by Cloverdale Catering.

It will be heard at Northampton County Court on 13 June and comes as the club have invited creditors to a forum on Wednesday to discuss proposals.

Cloverdale Catering claims to be a creditor of the company.

Kidderminster and Histon suffered five-point deductions after being found guilty of similar charges in January.

The points deduction leaves Diamonds 14th in the table - 11 points clear of the relegation zone with one match to play.

The Conference's financial reporting initiative, introduced in 2009, demands Blue Square Bet Premier, North and South clubs submit quarterly financial reports for assessment by the league.

Rushden were bought by Gary Calder and Liam Beasant in December , with Beasant becoming chairman on 3 March after Calder's resignation.

Rushden & Diamonds claim that the Her Majesty's Revenue & Customs debts accrued and the reporting period at the end of 2010 overlapped with this change of ownership at the club.

The Conference board have allowed the club the right of appeal, for which they have 14 days to prepare such an appeal.

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see also
Rushden hit by Conference charge
21 Mar 11 |  Rushden & Diamonds
Beasant reveals Diamonds ambition
08 Mar 11 |  Rushden & Diamonds
Calder quits as Diamonds chairman
03 Mar 11 |  Rushden & Diamonds
Histon and Harriers lose points
21 Jan 11 |  Non League
Rushden bought by ex-Terras chief
01 Dec 10 |  Rushden & Diamonds

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