Ricoh Arena

Next Game

Coventry v Preston

Saturday, 27 September 2014, 15:00

Sky Bet League 1

Last Game

Rochdale 1 - 0 Coventry

Saturday, 20 September 2014, 15:00

Sky Bet League 1

City bid gets league 'go-ahead'

The Football League have acknowledged the decision of Coventry's joint-administrator to accept an offer from Otium Holdings.

Last Updated: 18/06/13 at 12:35

Ricoh Arena: Green light for takeover bid

Ricoh Arena: Green light for takeover bid

Joint-administrator Paul Appleton brought an end to a lengthy saga on Friday when he announced Otium had emerged successful amid four final bidders for Coventry City Football Club Ltd, part of the League One club placed in administration by hedge fund owners Sisu in March.

The decision has been met with anger by the majority of Sky Blues supporters as the company is related to Coventry City Football Club (Holdings), who have continued to operate under Sisu.

A statement released by the Football League on Tuesday morning read: "At its meeting yesterday, the board of The Football League noted the decision of the administrator to accept a bid from Otium Holdings for the assets of Coventry City Football Club Limited (in administration).

"The League will now work with the administrator and the proposed purchaser with regards to the fulfilment of the requirements of The League's insolvency policy."

No timescale has yet been given as to when the sale will be ratified or CCFC Ltd taken out of administration.

Related News

Most Commented

Readers' Comments

H

e deserved respect for forging a successful football career despite being, clearly, made from balsa wood.

Nutboy
Wenger: Diaby deserves respect

L

iverpool should put in a bid for Barkley. As cheeky as it may sound, only he looks capable enough to replace Gerrard.

paulay8
Gerrard's Decay Becoming Sadly Apparent

M

y emotions were not mixed. Super professional that he is. I will never look at you the same way Frank. Love affair over.

gittoplo
Lampard: Mixed emotions

Footer 365

Capital One Cup Live

Live updates from the Capital One Cup third round as well as the latest news and views from the world of sport.

Scottish football: Former Celtic striker John Divers has died aged 74

Former Celtic striker John Divers has died. He was 74.

Mauricio Pochettino wants Tottenham to be positive against Nottingham Forest

Mauricio Pochettino feels Tottenham need to change their mentality after the defeat by West Brom.

Mail Box

Is Moyes The Big Winner This Season?

Man United and Everton are making David Moyes look good enough for Newcastle. We have lots of mails on Steven Gerrard but mostly Man United and Van Gaal...

Should Gerrard Play Further Forward?

That's one shout in a mailbox that recalls Rafa Benitez saying the Liverpool man would one day end up as a striker. Plus, thoughts on Rooney and 500 words on Ipswich...

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