South Melbourne's Victorian Premier League finals hopes have been dashed after Football Federation Victoria overturned a Supreme Court ruling.

Yesterday, South were given some good news when the Supreme Court rebuked FFV's decision to hand out a six point deduction for a ground invasion from an earlier match with rivals Hedielberg but last night, things changed for the famous club.

FFV officials met to overturn the ruling and put the six point deduction back in action meaning South are now a chance to miss the VPL play-offs.

South Melbourne are currently sitting fifth on the table on 30 points after the points deduction but are in danger of missing the final 5 as there is a catch up match between 7th and 8th placed clubs Dandenong Thunder and Northcote tonight with the winner qualifying for finals.

A draw would see South go through but with both sides needing a win, that result is highly unlikely.

South Melbourne are expected to appeal to the courts over FFV's decision and there is also uncertainty if the VPL finals will even go ahead.