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    Bet with SkyBet  Sky Bet League 1. Click here to bet.

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."

Bet with SkyBet  Sky Bet League 1. Click here to bet.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

Footer 365

Contract news: Tim Howard has been handed an extension to his Everton contract

Tim Howard will be staying with Everton until at least 2018 after agreeing a two-year extension to his contract.

Neymar and Jordi Alba will miss the bulk of the remainder of the season

Barcelona forward Neymar has been ruled out for up to a month due to a left foot injury.

Transfer news: Southampton boss Mauricio Pochettino warns off Luke Shaw suitors

Mauricio Pochettino says in-demand defender Luke Shaw will be staying at Southampton.

Mail Box

Mignolet Is The Reason For Liverpool Flying

Mignolet's bad kicking is the reason for Liverpool's success, whilst one man keep notes on F365 mails. Plus England excitement, Arteta and a bad Walsall experience...

City: Bottle Jobs, A Laughing Stock...

There are some harsh words for Manchester City and Manuel Pellegrini in the Mailbox this morning, as well as some rather nicer ones for Tony Pulis and his magic hat...

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