Has it gone into administration though?
'Intention to appoint' doth not administration make.
Until it is in administration this could still be a cunning rouse to cut costs... he's already lost probably his biggest wage earner from the books WITHOUT actually entering administration.
I'm pretty certain that the 10 point deduction is automatically applied when a club enters administration, and they're still showing as being on 46 points so ... no, they've not formally entered administration yet.