Premier League chairmen have agreed to a nine-point deduction for clubs that go into administration after June 3.

The news will come as a relief to Leeds United who are currently teetering on the brink of administration.

Leeds have until 1700 GMT on Friday to find £5m to keep the club going until the end of the season or secure a rescue bid. If unsuccessful, the club may be forced to call in the administrators.

In the past 12 years, 22 English clubs have gone into administration, but none from the top flight.

The Football League chairmen agreed last year to a ten point deduction for clubs who go into administration.