Coral Windows Stadium

Next Game

Bradford v Coventry

Saturday, 09 August 2014, 15:00

Sky Bet League 1

'Business as usual' for Coventry

Coventry manager Steven Pressley has been assured it is "business as usual" by the administrator.

Last Updated: 22/03/13 at 19:28

Pressley: Given assurances about his squad

Pressley: Given assurances about his squad

It was confirmed on Thursday that Coventry City Football Club Limited had gone into administration.

However, this company is distinct from Coventry City Football Club (Holdings), which runs the football operation.

It means that Paul Appleton, managing partner of David Rubin & Partners LLP, has been able to offer Pressley assurances about his squad, including confirmation they will continue to be paid as normal.

"I was pleased to meet with Steven and give him reassurances that, as far as what happens on the pitch and in the general running of the Club, it is absolutely business as usual with the operating company executives very much in charge," said Appleton.

"Steven, the players and all the staff at the football club will continue to be paid as normal by the operating company which is not in administration - that is an important message I was keen to put across."

The administration issue centres around the costs involved with playing at the Ricoh Arena, which Coventry moved into eight years ago.

A High Court judge is next week due to analyse the finances of the club after the owner of the stadium said it was owed rent.

Arena Coventry said earlier this month that it was owed more than £1.3 million and planned to ask a High Court judge to place the club into administration.

Lawyers representing Arena Coventry appeared at the High Court in London today to outline the latest state of play.

They said Arena Coventry bosses had been concerned by a statement made by the club earlier this week - and needed more time to consider their position.

A judge adjourned the hearing until Tuesday.

Eighth-placed Coventry travel to bottom-of-the-table Portsmouth - a club placed into administration more than a year ago - on Saturday.

There has been talk of City reaching a ground-share agreement with one of their Midlands neighbours before building a stadium of their own, even though the 32,000 Ricoh Arena is a newly-built stadium.

It is now thought Coventry will have a 10-point deduction imposed by the Football League, which would end any outside chance of promotion from League One, City having mounted a successful run under Pressley, who was only appointed as Mark Robins' successor a fortnight ago.

Related News

Most Commented

Readers' Comments

I

am jealous but i do wonder why he's never done anything for barca and why they seemingly don't give two hoots that he's leaving. they clearly rate suarez more than him, that much is inarguable

bobsy
Sanchez Is A Game-Changer For Arsenal...

L

uis Suarez: on his way to Barcelona. Liverpool : on their way to the Conference.

wotyomamased
Liverpool agree sale of Suarez

D

aryl Janmaat, a cheaper alternative to Micah Richards? World Cup semifinalist versus Man City's backup, England's... what, fifth choice right back? That really hammers home the English premium.

harry hotspur
The Blank Gossip

Footer 365

Transfer news: Newcastle agree fee with Montpellier for Remy Cabella

Newcastle have agreed a fee with French club Montpellier to sign midfielder Remy Cabella, according to Sky sources.

Transfer news: West Ham keen on Chelsea winger Christian Atsu, say Sky sources

West Ham are interested in taking Chelsea winger Christian Atsu on loan, according to Sky sources.

Transfer news: Luis Suarez will sign for Barcelona next week after fee agreed with Liverpool

Barcelona have agreed a fee with Liverpool for Luis Suarez, which Sky Sports News understands is £64.3million.

Mail Box

Alexis Sanchez: Really Not THAT Good

The backlash has begun: Why are Barca letting him go if he's any good? We have mails on Alexis Sanchez, Luis Suarez, the World Cup and the wonder of F365...

Stop Your Sobbing And Man Up...

Oh and honey, put the kettle on. We have more World Cup mails but it's mostly an orgasmic explosion at the signing of Alexis Sanchez. Could this be Arsenal's year?

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