Matchroom Stadium

Next Game

Leyton Or v Coventry

Saturday, 01 November 2014, 15:00

Sky Bet League 1

Ricoh Arena

Last Game

Coventry 3 - 2 Peterboro

Saturday, 25 October 2014, 15:00

Sky Bet League 1

Transfer embargo at Coventry

Coventry have confirmed that they have been placed under a transfer embargo after missing the deadline to submit accounts to Companies House.

Last Updated: 01/03/13 at 12:24 Post Comment

Ricoh Arena: Transfer embargo at Coventry

Ricoh Arena: Transfer embargo at Coventry

The club are still locked in rent and revenue negotiations with Arena Coventry Limited, owners of the Ricoh Arena.

Coventry's accountants are unable to produce projected budgets until their deadlock with ACL has been resolved, and were unable to meet Thursday's deadline for filing accounts.

Chief executive Tim Fisher said: "The situation regarding rent and revenue negotiations with ACL is very well documented and without a clear route forward, we are unable to project our budgets for the coming 12 months.

"That means we are unable to file the accounts which results in an embargo.

"The owner has continued to fund the club over the past five years, to the tune of close to £45m, showing huge commitment to the club.

"That commitment remains but we have to build a strong and sustainable future if we are to put quality onto the pitch and meet the new rules under Financial Fair Play.

"As a board, we will continue to work as hard as we possibly can to try to prevent the off-the-field matters impacting on the pitch but, clearly, in this instance it hampers any room for manoeuvre we have should we need to bring anyone in over the next three weeks."

Related News

Most Commented

Readers' Comments

H

e might be on a hiding to nothing, but I cannae feel any sympathy- You want to know why? Shakira. That's why.

hairpolice
Pique Taking Blame Burden Again...

A

nd this season must feel like one long sigh at the Emirates . Yep, exactly that. Except for Alexis Sanchez, he's ace.

cheshire-gooner
Is Mario Balotelli's Talent Even That 'Obvious'?

H

ey! At least put our first clean sheet in a gazillion years in the winners section. Curse you F365 *shakes fist*

fouloleron
Is Mario Balotelli's Talent Even That 'Obvious'?

Footer 365

Real Madrid and Spain legend Raul joins New York Cosmos

Real Madrid legend Raul has agreed a deal with North American Soccer League side New York Cosmos.

Transfer News: Hull's Tom Ince joins Nottingham Forest on loan until December 28

Nottingham Forest have signed Tom Ince on loan from Hull City on a deal until December 28.

Blackpool confirm appointment of Lee Clark as manager on rolling contract

Lee Clark has been confirmed as the new manager of Championship club Blackpool on a one-year rolling contract.

Mail Box

'Pride' Didn't Stop Wenger Signing Flamini

Arsene Wenger's 'pride' in signings is quite rightly pulled apart. We also have a stupidly long email on going back, and one Mailboxer whooping about the FA Cup first round...

Wenger Kept His Pride By Turning Down Cesc

What message would it have sent if Wenger had allowed those that walked out to stroll back in? Plus, why Pochettino needs to adapt and the folly of limiting yourself...

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