At what point does previous history stop being transferred, from club to club ?
For instance, if the league membership(and all the punishments) are transferred to the new club, they could find themselves struggling again, liquidate, form a new club, apply for the previous clubs membership..... and so on, and so on.
I have no idea what criteria you must fill to apply for a liquidated clubs history? Is there any football clubs out there, who's history is just waiting to be claimed? I'm sure there are some sunday league pub teams who would be quite happy to pick up the baton and carry the name of any formerly successful defunct football club.