Ricoh Arena

Next Game

Coventry v Crewe

Saturday, 25 April 2015, 15:00

Sky Bet League 1

Ashton Gate

Last Game

Bristol C 0 - 0 Coventry

Saturday, 18 April 2015, 15:00

Sky Bet League 1

Offer for Coventry accepted

Coventry City's administrator has accepted a bid from a company linked to the League One club's current owners.

Last Updated: 14/06/13 at 19:09 Post Comment

Coventry: Administrator has accepted a bid

Coventry: Administrator has accepted a bid

The Otium Entertainment Group were one of four bidders for City, who were docked 10 points by the Football League after a subsidiary company entered administration in March.

Another subsidiary company of the club, Coventry City Football Club (Holdings) Ltd, remains in business and shares two directors with Otium.

And administrator Paul Appleton has acknowledged that his choice of preferred bidder may not prove popular with the club's supporters.

He said: "I realise and appreciate the end result of the sale process will not necessarily be welcomed by a large number of Coventry fans.

"However, the bid from Otium Entertainment Group Limited was substantially more than any of the other three bids received.

"It was the bid which gave the greatest return to the unsecured, non-connected creditors of CCFC Limited by a considerable margin.

"This offer allows me to achieve the purpose of the administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible."

A club statement issued in response to Appleton's decision read: "We are pleased with the decision which helps to assure the future of the club.

"Our absolute focus now is to exit CCFC Limited from the administration process so we can get back to running a football club and make the decisions we need to in time for next season."

Footer 365

Tim Sherwood: Aston Villa deserve FA Cup final spot after 'dominating' Liverpool

Tim Sherwood described Aston Villa's 2-1 FA Cup semi-final win over Liverpool as a magnificent occasion for the club.

Aston Villa 2-1 Liverpool: Villa reach FA Cup final after comeback win stuns Reds

Aston Villa produced a stunning fightback to beat Liverpool 2-1 at Wembley and reach their first FA Cup final for 15 years.

Vinnie Jones says Leeds United do not need Russell Crowe takeover

Vinnie Jones admitted that Leeds United’s demise is a ‘sad situation’ and insisted Russell Crowe is not the answer.

Mail Box

Respect, But Never Admiration For Chelsea

Football's about entertainment, the Mailbox says. Which means Manchester United supporters are happy with never winning the league if the football is good...

Wenger's Titles Down To United Woes...

Well, it's certainly one theory. Man United fans are out in force - decrying Wenger and defending FFP. We have mails on Coquelin, Coutinho and Mediawatch...

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