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Saturday, 08 August 2015, 15:00

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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.

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t all started going downhill when they started putting a photo of the writer along side their story. Journalists started to think that 'they' are the story, rather than what they write. Smug, self obsessed & up their own arse's. That sums up the majority of newspaper sports reporters.

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he reason so much sh*t is written about football is because there are so many people who want to read sh*t about football. Now shut up, take my money, and tell me Ronaldo is going to sign for Van Haal and that Mick McCarthy is signing Peter Crouch on loan.

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enger's delaying tactics in the transfer market creates goose pimples whenever a player is linked to Arsenal. The approach in buying players need to be changed@@#

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New striker 'on Wenger's list'

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