I really hate defending them, but I'm not holding with this idea that they should have been punished for falling into 'administration'.

Yes you are right, technically they were in administration, but the reason clubs get sanctioned for dropping into admin is because they are trying to restructure the debts of the club so that nobody gets paid what they are owed.

As far as I'm aware the only people that lost a penny over the RS affair were two carpet-bagging yanks and even then I'm not that sure they ever actually spent any of their own money on the RS so they only lost what they had on paper.

Yes it was administration, but no receivers were ever called in, no letters were sent out to creditors to make their case for payment and no ordinary businesses were shafted by being forced to accept a 1p in the pound return deal.