The Hatters will begin the new season on minus 30 points after suffering two points deductions.

They were first docked 10 after being found guilty of 15 charges of misconduct by the Football Association and then a further 20 from the Football League for being unable to secure a company voluntary arrangement to exit administration.

But after having their takeover ratified by the Football League last night, new owners Luton Town 2020 are putting their focus into securing enough points to ensure they avoid a third successive relegation - and one which would see them fall out of the Football League.

Stephen Browne, director of Luton Town 2020, told the club's website, "It's an historic day for all Luton Town supporters.

"Through their efforts the club survives to fight another day.

"This is a massive season for us and all supporters will need to continually show that this isn't a one-off fight, and that every game is vital.

"We have an unbelievable points penalty to overcome and most in the country have us as a dead cert for relegation.

"Now is definitely not the time to sit back and pat ourselves on the back. The journey is only just starting and this is where the hard work begins.

"Every supporter, player and employee can now focus on one thing - preserving our professional league status.

"We hope that everyone goes that extra mile over the coming season so that we can finish what we have started safe in the knowledge that Luton Town is now secure."

The Hatters went into administration back in November and were automatically deducted 10 points, a penalty which played a major part in their eventual relegation to League Two last season, but they will now be able to come out of administration on Thursday after being given back their Football League share.

They were hit with another 10-point deduction by the FA - which they lost an appeal against earlier this month - and then were stunned to have a further 20 points taken off when the Football League revealed the sanctions they would have to meet in order to be allowed to compete this season.

As well as the hefty deduction, they must also pay back their creditors around 16p in the pound, and they have no right of appeal against those rulings.

Announcing the return of the club's Football League share, the competition's chairman Sir Brian Mawhinney told the League's website, "In making its offer the board of the Football League was always conscious that it needed to balance giving Luton Town the opportunity to begin again, debt free, with the need to ensure that all our other clubs, and their fans, were treated equally fairly.

"We believe this outcome protects the integrity of our competition, though I understand that some Luton fans may be unhappy with the penalty.

"No doubt they will balance this unhappiness against their pleasure in being able to watch their team play league football.

"I am delighted that Luton 2020 have now accepted our offer to join the Football League. They will be made most welcome.

"I am also delighted that the community of Luton will continue to have a Football League club. They have given great support to their club throughout difficult years and I am sure this will continue as the new club moves forward."