Have the FL ever taken a golden share from a club? Have they ever done anything other than a fine or a points penalty?
Depends what you mean I suppose.
Frankly I was amazed that Otium Entertainment Ltd. were allowed to stay at the same level, as for the life of me I can't see how we're not a new club!
Then again, when Sky Blue Sport and Leisure took us over as the holding company of Ltd and, errm, Holdings, this all looked to me like a surefire case for a 10 point penalty we never got... so what do I know!
In effect Maidstone and Aldershot were expelled for going bust, though. Maidstone probably weren't revivable, Aldershot maybe less so.
Going wa-ay back, Leeds City were expelled for dubious practices (their manager Herbert Chapman was originally banned from football for life). Port Vale were too, but were allowed to be re-admitted straight away after a vote among clubs.
Then then again, the whole change to various rules was Bristol City in effect setting up again and sidestepping some debts, yet keeping their league place. In theory(!) it's far stricter now than it ever was!