Coventry set to leave Ricoh

Coventry are ready to finish the season away from the Ricoh Arena after effectively writing off their debt to the stadium's owners.

Last Updated: 22/03/13 at 17:26 Post Comment

The League One club's owners SISU are in talks over relocating to an alternative home venue in the West Midlands after taking action they believe will prevent the football business entering administration at the High Court on Friday.

Arena Coventry Limited (ACL), who manage the Ricoh Arena, claim £1.3m is owed in unpaid rent and want the football club placed in administration - a penalty which usually carries a 10-point deduction under Football League rules.

But on the eve of the hearing a statement on behalf of Coventry City Football Club (Holdings) Ltd appeared on the club's official website announcing a "property subsidiary" was already in the hands of administrators.

And, according to Sky sources, City believe their pre-emptive action wipes out their debt to ACL while also putting them in breach of contract with their landlords.

That means ACL can now prevent Coventry from playing future home games at the Ricoh Arena, an outcome SISU have been preparing for.

In the meantime, Sky sources say SISU believe Friday's administration hearing will go their way and are confident of avoiding a points deduction which would effectively finish off City's chances of winning promotion this season.

Steven Pressley's side are currently three points off the play-off places and are due to play Doncaster on 30 March in their next scheduled home fixture.

The full statement from Coventry City Football Club (Holdings) Ltd:

"It is important to stress that the football club itself is not under threat.

"This is merely a property subsidiary which owns no material assets and has no employees, on or off the pitch.

"The Club can confirm that all staff wages, PAYE and all other creditor commitments will continue to be met as before by Coventry City Football Club Holdings.

"Unlike other instances of clubs being taken either wholly or partially into administration, there are no HMRC or VAT implications and the Football Club will continue to trade as normal without interruption.

"Our main objective now is to remain competitive on the pitch and give Steven Pressley and the playing staff our full backing and commitment."

Related News

Most Commented

Readers' Comments

I

t's a bloody good goal, though. Sh!t, the kid's gonna be the worlds best before we know it, isn't he? He's got the touch of genius in him. Like Neymar, but with muscles and stuff. He's doing a Ronaldo as we watch. He's bulked up to be able to ride the tackles, but he's improved technically as well. His touch is sublime. Bugger.

HarryBoulton
WATCH: Hazard's stunning goal

A

hhh, Jose arguing with another managers wife, clearest sign yet that we are going mental during the close season. I am rocking back and forth on my haunches.

hump3.
Jose hits back at Rafa's wife

I

t's only a matter of time before one of them throws in a yo mamma

lee
Jose hits back at Rafa's wife

Footer 365

Real reopen talks over £28m De Gea deal

Real Madrid have reportedly reopened negotiations with Manchester United over David de Gea and may complete a deal in the coming days.

Muller has a job for life at Bayern

Chairman Karl-Heinz Rummenigge feels that Thomas Muller 'will never leave ' Bayern Munich and has offered the forward a job for life at the club.

Jose Mourinho: Rafael Benitez destroyed Inter Milan and his wife should take care of his diet

Jose Mourinho has hit back at Rafael Benitez’s wife, saying her husband 'destroyed' Inter Milan and she should take care of his diet.

Mail Box

Mails: Let's Talk About Jose's Failures...

We don't talk about them because Chelsea won the title...but imagine if LVG or Brendan Rodgers had signed Juan Cuadrado. Plus, a trawl through the squads...

Di Maria Just Didn't Fit (S**t Happens)

If a signing doesn't work there doesn't have to be a massive witch hunt. So there. Plus a detailed net spend rant, Breel Embolo, computer games and Louis van Gaal...

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