Next Game

MK Dons v Coventry

Saturday, 23 August 2014, 15:00

Sky Bet League 1

Sixfields Stadium

Last Game

Coventry 2 - 2 Barnsley

Tuesday, 19 August 2014, 19:45

Sky Bet League 1

Coventry rent deal talks stall

Talks to resolve the ongoing rent issues between Coventry and the management company behind the Ricoh Arena have "collapsed".

Last Updated: 14/02/13 at 17:01

Ricoh Arena: The home of Coventry City

Ricoh Arena: The home of Coventry City

Discussions had been ongoing for months between Sisu, the League One club's owners, and Arena Coventry Limited (ACL), who manage the stadium on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council.

A statutory demand for £1.1million in unpaid rent stretching back 10 months was issued to the Sky Blues in early December - a figure which now stands at £1.347m - and ACL chairman Nicholas Carter has warned "now is the time for Sisu to pay up or sell up and get out of Coventry".

ACL claim three club directors have backtracked on a verbal agreement made between the two parties towards the end of January to primarily cut the £1.28m annual rent to £400,000, as well as waive more than £300,000 of the debt amid other details including a revised share of matchday revenue.

Thursday's statement, suggesting City in response proposed alternative terms in a U-turn on that verbal agreement, also alleges an email sent by Coventry chief executive Tim Fisher stated the club had "no option but to build a new venue".

All of this comes on the same day as manager Mark Robins departed the club and agreed to take over at Championship side Huddersfield.

Amid a lengthy official statement, ACL chairman Carter said: "To spend many hours engaging in positive and constructive discussions, leading to a detailed point by point discussion of a proposed Heads of Terms Agreement resulting in verbal agreement and handshakes all round; only to then renege when it came to signing the agreement, is truly reprehensible behaviour.

"There's simply no point in continuing these discussions while the club, under Sisu's ownership, continues to behave in this manner. We will only be prepared to resume these conversations if John Clarke, Tim Fisher and Mark Labovitch sign up to the deal to which they agreed.

"If the club directors can't or won't follow through on the agreement they participated in creating, then we suggest to them that the time has come to consider offering ownership of CCFC to an outside buyer better placed to run the club's financial operations. Make no mistake, now is the time for Sisu to pay up or sell up and get out of Coventry."

Coventry vice-chairman Clarke was unavailable for comment, while there has been no official statement yet made by the club in response to ACL.

Related News

Most Commented

Readers' Comments

O

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

G

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

Footer 365

Transfer News: Bruce confirms Hull are eying Vincent Aboubakar

Hull City manager Steve Bruce has revealed the club are considering a move for Lorient forward Vincent Aboubakar.

Premier League: Edin Dzeko signs new four-year Manchester City deal

Edin Dzeko has signed a new four-year contract with Manchester City.

Champions League: Callum McGregor on target in Celtic draw

Celtic claimed a 1-1 draw with Maribor in Slovenia in the first leg of their Champions League play-off clash.

Mail Box

So Long And Good Luck To Nani

A Mailbox that offers best wishes to a departing hero, defends Olivier Giroud, tells us to steady on over Calum Chambers and makes some amusing predictions...

Mailbox: Feeling Sorry For Poor TC23

If there's one loser in all the machinations at Man United, it's poor TC23. We have mercifully few mails on United, but lots on Arsenal and in particular Olivier Giroud...

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