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Transfer embargo at Coventry

Coventry have confirmed that they have been placed under a transfer embargo after missing the deadline to submit accounts to Companies House.

Last Updated: 01/03/13 at 12:24 Post Comment   

Ricoh Arena: Transfer embargo at Coventry

Ricoh Arena: Transfer embargo at Coventry

The club are still locked in rent and revenue negotiations with Arena Coventry Limited, owners of the Ricoh Arena.

Coventry's accountants are unable to produce projected budgets until their deadlock with ACL has been resolved, and were unable to meet Thursday's deadline for filing accounts.

Chief executive Tim Fisher said: "The situation regarding rent and revenue negotiations with ACL is very well documented and without a clear route forward, we are unable to project our budgets for the coming 12 months.

"That means we are unable to file the accounts which results in an embargo.

"The owner has continued to fund the club over the past five years, to the tune of close to £45m, showing huge commitment to the club.

"That commitment remains but we have to build a strong and sustainable future if we are to put quality onto the pitch and meet the new rules under Financial Fair Play.

"As a board, we will continue to work as hard as we possibly can to try to prevent the off-the-field matters impacting on the pitch but, clearly, in this instance it hampers any room for manoeuvre we have should we need to bring anyone in over the next three weeks."

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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

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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.

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Wenger hails important win

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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

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