Ricoh Arena

Next Game

Coventry v Peterboro

Saturday, 25 October 2014, 15:00

Sky Bet League 1

Boundary Park

Last Game

Oldham 4 - 1 Coventry

Tuesday, 21 October 2014, 19:45

Sky Bet League 1

Offer for Coventry accepted

Coventry City's administrator has accepted a bid from a company linked to the League One club's current owners.

Last Updated: 14/06/13 at 19:09 Post Comment

Coventry: Administrator has accepted a bid

Coventry: Administrator has accepted a bid

The Otium Entertainment Group were one of four bidders for City, who were docked 10 points by the Football League after a subsidiary company entered administration in March.

Another subsidiary company of the club, Coventry City Football Club (Holdings) Ltd, remains in business and shares two directors with Otium.

And administrator Paul Appleton has acknowledged that his choice of preferred bidder may not prove popular with the club's supporters.

He said: "I realise and appreciate the end result of the sale process will not necessarily be welcomed by a large number of Coventry fans.

"However, the bid from Otium Entertainment Group Limited was substantially more than any of the other three bids received.

"It was the bid which gave the greatest return to the unsecured, non-connected creditors of CCFC Limited by a considerable margin.

"This offer allows me to achieve the purpose of the administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible."

A club statement issued in response to Appleton's decision read: "We are pleased with the decision which helps to assure the future of the club.

"Our absolute focus now is to exit CCFC Limited from the administration process so we can get back to running a football club and make the decisions we need to in time for next season."

Footer 365

Champions League: Liverpool boss Brendan Rodgers rues defensive mistakes in Real Madrid defeat

Brendan Rodgers says he could have asked for no more from his side after seeing them taken apart by Real Madrid.

Champions League: Real Madrid ease past Liverpool with 3-0 win at Anfield

Real Madrid produced a first-half masterclass as they overpowered Liverpool 3-0 in the Champions League at Anfield.

Champions League: Late goals give Arsenal 2-1 victory at Anderlecht

Arsenal scored twice in the final two minutes to come from behind and secure a 2-1 Champions League win at Anderlecht.

Mail Box

Do Man City Have A 'Small Mentality'?

That's one claim in the mailbox after Vincent Kompany focused on a few hundred CSKA fans sneaking into the ground instead of City blowing a two-goal lead...

City: Like A Deer Caught In The Headlights

...while Chelsea just live for Champions League nights. That's one view in a mailbox that also includes several happy football fans and looks forward to Michael Carrick's return...

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