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Newport v Coventry

Tuesday, 29 July 2014, 19:30

Friendly Match

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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H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

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