On 13 February, preferred bidder Bill Tomlins stated that he hoped Luton would be out of administration within a week, assuming the handover of the club went smoothly.
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On 12 May Bill Tomlins, head of the consortium buying Luton Town, confirmed The Football League had formally approved the purchase of the club from administrative receivership.
On 12 May 2004, four days after the last game of the campaign, businessman Bill Tomlins completed his takeover of Luton, securing the immediate future of the club.
In June 2008 he was fined £15,000 and suspended from all football and football activities for a period of five years by The Football Association in respect of thirteen charges of misconduct made against him.
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In September 2011 he was disqualified from acting as a director for six years following proceedings brought by the UK Insolvency Service related to this misconduct.
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