Next Game

Rochdale v Coventry

Saturday, 20 September 2014, 15:00

Sky Bet League 1

Glanford Park

Last Game

Scunthorpe 2 - 1 Coventry

Tuesday, 16 September 2014, 19:45

Sky Bet League 1

Appleton explains Coventry role

Paul Appleton has defended his position as joint-administrator of Coventry City and says he'll meet with interested buyers soon.

Last Updated: 21/05/13 at 16:52

Ricoh Arena: Paul Appleton finding buyers

Ricoh Arena: Paul Appleton finding buyers

Appleton came under fire from disgruntled supporters last week when, after two months of investigation, he revealed he was still to determine where the much spoken of 'Golden Share' - which provides membership to the Football League and Football Association - lay.

The Sky Blues, under hedge fund owners Sisu, in March placed the non-operating subsidiary of the club into administration, although Coventry City Football Club (Holdings) continues to operate.

American multi-millionaire Preston Haskell IV has tabled a bid to buy CCFC Ltd as well as half the Ricoh Arena.

And Appleton has revealed the location of the mystery Golden Share will now only be sought after a new buyer has been selected.

Appleton said: "I am an officer of the court and my duties are clearly defined. As such, these entail providing the best outcome for the company while achieving one of the three purposes of an administration.

"Contrary to recent statements and press reports, the process is complicated and I am still waiting on various answers from parties involved which will assist in my investigation. I have made this quite clear to ACL (Arena Coventry Limited, management company of the Ricoh Arena) who, I am pleased to say, are assisting me in my enquiries.

"I have also made that position clear to the Sky Blues Trust and have pointed out many of these enquiries must remain confidential.

"While my investigations continue, the sale process is ongoing and I am meeting various interested parties over the coming days. When the process is finalised and a purchaser identified, the issue of the Golden Share will be dealt with.

"As I have stressed to various important stakeholders, it is within the gift of the Football League to agree any transfer of that Share. I have had positive discussions with the League and they have been kept completely abreast of the situation."

Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew braced for protests

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

Premier League: Manchester United boss Louis van Gaal wary over a lack of European football

Louis Van Gaal believes a lack of Champions League football this season could damage Manchester United’s title hopes.

Premier League: Man City manager Manuel Pellegrini not concerned by Yaya Toure's form

Manchester City manager Manuel Pellegrini has no concerns over the form or commitment of midfielder Yaya Toure.

Transfer news: Chelsea's Jose Mourinho plays down Cristiano Ronaldo transfer talk

Chelsea boss Jose Mourinho has played down speculation about signing Cristiano Ronaldo.

Mail Box

Be Careful What You Wish For, Gooners

That's the message from a Man United fan in the mailbox. Plus, thoughts on Paul Lambert's new contract, the Alan Pardew dilemma at Newcastle and lots more...

No, Wenger IS To Blame For Failure...

The backlash to the backlash to the backlash sees Arsene Wenger getting a good kicking while we also have mails on Chelsea, Newcastle, Everton and lots more...

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