A takeover by Pinnacle Property Consultants, which is backed by Matt Le Tissier, has been delayed because they are unhappy with League chiefs insisting they forego the right to challenge the punishment.

The deduction came in the wake of the club's parent company, Southampton Leisure Holdings plc, going into administration.

The League's board held an emergency meeting and were unanimous in their decision to enforce the ruling.

Pinnacle managing director Tony Lynam said in a statement: "We hold a different view to the Football League and maintain the belief that we should be granted the opportunity to appeal their decision.

"This is not an issue over the 10-point deduction, more the fact that in meeting every condition within the Football League's rules, we should be allowed the right to appeal, should we wish to do so.

"The overriding question that arrives from their conclusion is that if they are so adamant that they were correct in their initial decision to deduct the club 10 points, then why refuse us the opportunity to appeal this?

"We hope to reach an agreeable conclusion to the remaining issues that we now have to overcome as soon as possible, and aim to deliver these to the Football League this evening."