'Business as usual' for Coventry

Coventry manager Steven Pressley has been assured it is "business as usual" by the administrator.

Last Updated: 22/03/13 at 19:28

Pressley: Given assurances about his squad

Pressley: Given assurances about his squad

More of the games that matter

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

It was confirmed on Thursday that Coventry City Football Club Limited had gone into administration.

However, this company is distinct from Coventry City Football Club (Holdings), which runs the football operation.

It means that Paul Appleton, managing partner of David Rubin & Partners LLP, has been able to offer Pressley assurances about his squad, including confirmation they will continue to be paid as normal.

"I was pleased to meet with Steven and give him reassurances that, as far as what happens on the pitch and in the general running of the Club, it is absolutely business as usual with the operating company executives very much in charge," said Appleton.

"Steven, the players and all the staff at the football club will continue to be paid as normal by the operating company which is not in administration - that is an important message I was keen to put across."

The administration issue centres around the costs involved with playing at the Ricoh Arena, which Coventry moved into eight years ago.

A High Court judge is next week due to analyse the finances of the club after the owner of the stadium said it was owed rent.

Arena Coventry said earlier this month that it was owed more than £1.3 million and planned to ask a High Court judge to place the club into administration.

Lawyers representing Arena Coventry appeared at the High Court in London today to outline the latest state of play.

They said Arena Coventry bosses had been concerned by a statement made by the club earlier this week - and needed more time to consider their position.

A judge adjourned the hearing until Tuesday.

Eighth-placed Coventry travel to bottom-of-the-table Portsmouth - a club placed into administration more than a year ago - on Saturday.

There has been talk of City reaching a ground-share agreement with one of their Midlands neighbours before building a stadium of their own, even though the 32,000 Ricoh Arena is a newly-built stadium.

It is now thought Coventry will have a 10-point deduction imposed by the Football League, which would end any outside chance of promotion from League One, City having mounted a successful run under Pressley, who was only appointed as Mark Robins' successor a fortnight ago.

More of the games that matter

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

Related News

Most Commented

Readers' Comments

N

o credit to Brendan for playing an innovative 'False No.1' for the first half of the season?

balls-to-monty
Football365's Top Ten PL Goalkeepers

I

ve been really impressed by Adrian when I've seen West Ham matches. Really good keeper and has earnt the 'Ammers many a point this season. Wouldn't swap Lloris for anyone either, he's currently far too good for us.

dryice
Football365's Top Ten PL Goalkeepers

H

ow is Mignolet, most PL clean sheets this season, not a part of this list? Ridiculous!

mahzaib aziz
Football365's Top Ten PL Goalkeepers

Footer 365

Everton and West Ham target Claudio Beauvue to leave Guingamp

Guingamp striker Claudio Beauvue has announced he will leave the club this summer, with Everton and West Ham reportedly interested.

Jose Mourinho defends Chelsea record

Jose Mourinho has questioned those who value style over substance after Chelsea were branded "boring".

Olivier Giroud backs Arsenal to mount a title challenge next season

Arsenal striker Olivier Giroud believes his team are well placed to mount a serious challenge for the title next season.

Mail Box

Mourinho A 'Motivator Of Idiots'

The Mailbox asks whether Jose Mourinho is really that special or is he just 'a motivator of idiots?' And strikers don't come through at top clubs...apparently.

Mail From Fan Who Craves Relegation...

In this case it's a Sunderland fan who just wants to see a clear-out. We also have mails about Arsenal, Chelsea, Liverpool and Everton. It's long and it's sexy...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company