Sky Blues: No liquidation

Coventry managing director Tim Fisher has promised fans that the League One club will not go into liquidation.

Last Updated: 06/12/12 at 17:09

Coventry: The club comes first

Coventry: The club comes first

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Arena Coventry Limited, who manage the Ricoh Arena on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council, yesterday issued a statutory demand for £1.1million in unpaid rent by the club stretching back 10 months.

The Sky Blues have 21 days, until Boxing Day in effect, to pay the sum or potentially face a winding-up order.

Coventry responded yesterday with an official statement claiming their annual rate of £1.28m is the highest in both League One and the Championship by some considerable distance, while also bemoaning the fact they do not get access to 100 per cent of match-day revenue.

Fisher was coy over how much money, if any, will be paid by December 26 and said negotiations will continue to have to play a part over the next three weeks.

But the City chief is adamant Coventry, FA Cup winners in 1987, will not go to the wall and says they will play elsewhere before that happens.

He said: "I'll tell you one thing, the club comes first. We are committed to fulfil our fixtures. This isn't about liquidation. This isn't about the club going out of existence, we need to be absolutely crystal about that.

"This is about the club setting up a sustainable business model. We will fulfil our fixtures and, by the way, we have contingencies because we are managing our risks, you have to plan. So if the Ricoh shut the doors, we will play elsewhere. If forced into a corner that's exactly what we'll do."

Fisher added: "My message to supporters is there is no liquidation scenario."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

want to spend more time with my tit-for-tat Autobiographies . He probably didn't say.

megabrow (cufc)
Keane leaves Aston Villa

B

elieve in the dream Ashley. I have a hot tub, I still think I can get all The Saturdays in there for nekkid sexyfuntime. Failing that, Adele.

hump3.
Young: Man United target title

C

onclusions...we are truely living the dream now

dead yeti
Take Your Marks In The Premier League Sack Race

Footer 365

Premier League: Swansea manager Garry Monk defends Liverpool's Brendan Rodgers

Swansea manager Garry Monk has leapt to the defence of under-fire Liverpool counterpart Brendan Rodgers.

Premier League: West Brom manager Alan Irvine sees a defensive weakness in Arsenal

West Brom manager Alan Irvine hopes Arsenal's gung-ho attitude will be their undoing at The Hawthorns on Saturday.

Premier League: Southampton manager Ronald Koeman confident of continued success

Manager Ronald Koeman believes Southampton can thrive this term and is relishing taking on the Premier League big boys.

Mail Box

Don't Write Arsenal Off Yet (For Third)

That's the message from the afternoon mailbox, which also suggests Manchester City should look to bin Manuel Pellegrini. Can he take them any further?

Sanchez: A Sliding Doors Moment For Pool

One Liverpool fan regrets the club's failure to sign Alexis Sanchez and thinks Brendan Rodgers and Co should now target the domestic cups. A lot has changed in 12 months...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property