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Sky Blues: No liquidation

Coventry managing director Tim Fisher has promised fans that the League One club will not go into liquidation.

Last Updated: 06/12/12 at 17:09

Coventry: The club comes first

Coventry: The club comes first

Arena Coventry Limited, who manage the Ricoh Arena on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council, yesterday issued a statutory demand for £1.1million in unpaid rent by the club stretching back 10 months.

The Sky Blues have 21 days, until Boxing Day in effect, to pay the sum or potentially face a winding-up order.

Coventry responded yesterday with an official statement claiming their annual rate of £1.28m is the highest in both League One and the Championship by some considerable distance, while also bemoaning the fact they do not get access to 100 per cent of match-day revenue.

Fisher was coy over how much money, if any, will be paid by December 26 and said negotiations will continue to have to play a part over the next three weeks.

But the City chief is adamant Coventry, FA Cup winners in 1987, will not go to the wall and says they will play elsewhere before that happens.

He said: "I'll tell you one thing, the club comes first. We are committed to fulfil our fixtures. This isn't about liquidation. This isn't about the club going out of existence, we need to be absolutely crystal about that.

"This is about the club setting up a sustainable business model. We will fulfil our fixtures and, by the way, we have contingencies because we are managing our risks, you have to plan. So if the Ricoh shut the doors, we will play elsewhere. If forced into a corner that's exactly what we'll do."

Fisher added: "My message to supporters is there is no liquidation scenario."

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K FIFA we're done, you can ban us now

jimmyjazz
Barcelona transfer ban upheld

A

h Daniel. I could spend hours on this subject putting the world to rights. You can even take a step back and ask why football fans (and society in general) have this need to know that something will happen before it actually does. There are times this important, when it comes to things like war, food production and natural disasters. A man you've never met changing his job? Not so much.

ajsr1982
Time To Burst The ITK Bubble

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reat article. Hits the nail on the head. Encapsulates why I don't read tabloid newspapers anymore. The only thing worse is the 'told you so first' headline when they get lucky.

ianonabeach
Time To Burst The ITK Bubble

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