Is a 10-point deduction for administration fair?

Question

Crystal Palace have been deducted 10 points for entering administration - subsequently dropping the Eagles from ninth in the Championship to 21st.

Is this really fair? Surely a club in such dire straits could do without the added punishment of a points deduction. Although clubs are responsible for looking after their own finances, there must be another solution.

Answer 1

I can understand the logic behind the points deduction. I guess it's in place to stop teams from gaining an on-field advantage by spending too far beyond their means