Next Game

Swindon v Coventry

Saturday, 30 August 2014, 15:00

Sky Bet League 1

Last Game

MK Dons 0 - 0 Coventry

Saturday, 23 August 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

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Indian Super League: Alessandro Del Piero to play for Delhi Dynamos franchise

Alessandro Del Piero will play for the Delhi Dynamos and will take up an ambassadorial role in the Indian Super League

Transfer news: West Brom closing on deal for winger Sebastian Blanco

West Brom are close to agreeing a deal to sign winger Sebastián Blanco, according to Sky sources.

Women's football: Wolfsburg captain Nadine Kessler named Best Women’s Player in Europe

Wolfsburg captain Nadine Kessler has been named Best Women’s Player in Europe at an awards ceremony in Monaco

Mail Box

Don't Forget Chelsea Also Need A Striker

With Diego Costa struggling for fitness, one Chelsea fan pipes up in the mailbox to remind us that the Blues also need a striker. Plus, thoughts on Rooney as captain...

A United Fan Happy To See Welbeck Go

One United fan doesn't understand all the fuss over Danny Welbeck, while we also have mails on Arsenal being Arsenal, curious transfers and how to pronounce 'Gaal'...

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