Four bids lodged for Coventry

Four bids have been lodged for Coventry City Football Club Limited, the joint-administrator has confirmed.

Last Updated: 13/06/13 at 17:16 Post Comment

Steven Pressley: Four bids received for League One club Coventry

Steven Pressley: Four bids received for League One club Coventry

Interested parties had until noon on Thursday to submit their best and final offers for purchase of CCFC Ltd's assets, coming after Friday's deadline for indicative offers which was understood to have attracted half a dozen suitors.

Joint-administrator Paul Appleton will now evaluate each confidential bid before making his recommendation on the most suitable as soon as possible.

"Following today's deadline for final and best bids for CCFC Limited, I can confirm I have received four bids," read Appleton's statement.

"I will obviously now take time to consider these bids before contacting the bidders with my final decision on a preferred purchaser.

"There will also be discussions with the Football League as part of this process."

The Sky Blues and Arena Coventry Limited (ACL), who run the Ricoh Arena on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council, have been involved in a lengthy and bitter rent row which has been ongoing for around 16 months.

Subsequently the npower League One outfit, under hedge fund owners Sisu, in March placed the non-operating subsidiary into administration, although Coventry City Football Club (Holdings) continues to operate.

Holdings, or a related company, are reported to be one of the bidders interested, while ACL - who have handed CCFC Ltd the opportunity to play at the Ricoh Arena rent free next term - have also shown an interest, but it is not known whether final offers have materialised.

American multi-millionaire Preston Haskell IV, a property tycoon, is another suitor believed to be in the running for the financially-stricken club, with former City vice-chairman Gary Hoffman and suspended life president Joe Elliott at the forefront of the consortium.

Speaking to Press Association Sport last month, Holdings chief executive Tim Fisher revealed controversial plans to move into a new stadium having claimed City had been given no choice but to leave the Ricoh, with a proposal to groundshare on an interim basis for three years while it is being built.

Fisher's plans to groundshare, and those regarding a new stadium, cannot be announced until CCFC Ltd comes out of administration - sparking fears over where City could be playing next term with the new season just over seven weeks away.

Related News

Most Commented

Readers' Comments

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

I

thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

damoceltic
Bored Of Big Sam? It's Your Right...

H

ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

feed the bear
Rodgers: I'll go if owners want

Footer 365

Sepp Blatter: Tiny minority to blame for FIFA crisis

Sepp Blatter has told FIFA's annual congress he had no way of monitoring "a tiny minority" of officials accused of corruption.

Sepp Blatter lies low as David Cameron joins opposition to FIFA president's re-election

Sepp Blatter held an emergency meeting in Zurich on Thursday morning as David Cameron joined those calling for his head.

CONCACAF have 'provisionally dismissed' president Jeffrey Webb

CONCACAF president Jeffrey Webb has been 'provisionally dismissed' by the governing body for football in North and Central America.

Mail Box

What Is It That FIFA Actually Do?

That's the question raised timidly by someone sat at the back of the room, whilst others remind that UEFA aren't perfect either. Plus a few more gone on to better XIs...

Time To Step Up, Mr Platini...

UEFA should step up and extend the Euros to replace FIFA's tarnished World Cup, say a couple of mailboxers. Also: all hail Carlo, King of the Kop, and plenty more Budget XIs...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company