New Ricoh offer for Coventry

Coventry have been offered a new 10-year rental agreement by the owners of the city's Ricoh Arena.

Last Updated: 30/07/13 at 21:50 Post Comment

Ricoh Arena: Centre of dispute between ACL and Coventry's owners

Ricoh Arena: Centre of dispute between ACL and Coventry's owners

Arena Coventry Limited say they will sign a Company Voluntary Arrangement and help City avoid a new 15-point penalty if the club's owners abandon a move to Northampton's Sixfields home and return to the Ricoh.

Under the terms of the proposed new deal Coventry would pay £150,000 annual rent while they remain in League One, rising to £400,000 if they win promotion to the Championship.

The move - the latest twist in a long-running dispute between ACL and Coventry's owners - has come as a surprise to the club.

Coventry City Football Club Limited remains in administration, and the news of ACL's surprise offer came after a meeting of creditors was adjourned until Friday at the request of the stadium's owners.

Failure to agree a CVA would open the threat of liquidation and a 15-point deduction.

Coventry's owners this month outlined plans to return to a new home in the city in "the long-term".

In the meantime their decision to groundshare with Northampton for the next three seasons has been met with widespread protests among supporters.

Related News

Most Commented

Readers' Comments

W

e'll be fine, no problem. If they do get relegated, he's definitely going to ask how anyone could ever have thought that Villa were going to be fine given their problems before he came.

treeman1
Premier League Winners And Losers

S

toke though. Hmn. I don't think it was defending that made people dislike Stoke so much as the out and out cheating/nastiness they regularly displayed. That, and they kept buying the odd flair player and then ruining them (Oh! Tuncay, what were you thinking?).

megabrow (cufc)
Being Defensive About Being Defensive...

W

ell that really inspires me with confidence. No point in training, deciding on a coherent formation, or playing players in their best positions, let's just hope we get lucky.

mumbo_jimbo
Van Gaal: Luck is key

Footer 365

Chelsea captain John Terry says he is fighting to earn a new contract at Stamford Bridge

John Terry says he is fighting to earn a new contract at Chelsea and does not see himself ever playing for another club.

FA planning to send men's and women's GB teams to 2016 Olympics

FA are planning to send men's and women's Great Britain teams to compete in the 2016 Olympics Games in Rio.

Tottenham announce that legend and former captain Dave Mackay has died

Tottenham have announced that their former captain Dave Mackay has died. He was 80.

Mail Box

Henderson The Best Midfielder In PL?

Jordan Henderson is named by two afternoon Mailboxers as the PL's best midfielder, while another suggests Man United are trying to emulate Barca...

Jose Settles Most Boring Team Debate...

There's lots of reaction to Chelsea and Liverpool's wins on Sunday, plus one Mailboxer asking: Who is the Premier League's best midfielder?

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