Bournemouth have confirmed they have entered administration after fears they would be wound up, meaning they will now be docked 10 points under Football League rules.

The penalty parachutes them to the bottom of the League One table, 11 points from safety.

Corporate rescue specialists Begbies Traynor have been appointed to oversee the administration process. The details of the club's situation will come to light during a press conference on Friday.

Chairman Jeff Mostyn revealed that the club were trying to take the step when HM Revenue and Customs presented them with a winding-up petition on Wednesday.

Five members of staff have lost their jobs already at the club, set to face Luton Town - now third-bottom of the table - on Saturday.