London Road Ground

Next Game

Peterboro v Coventry

Saturday, 28 March 2015, 15:00

Sky Bet League 1

Ricoh Arena

Last Game

Coventry 1 - 3 Doncaster

Saturday, 21 March 2015, 15:00

Sky Bet League 1

City bid gets league 'go-ahead'

The Football League have acknowledged the decision of Coventry's joint-administrator to accept an offer from Otium Holdings.

Last Updated: 18/06/13 at 12:35

Ricoh Arena: Green light for takeover bid

Ricoh Arena: Green light for takeover bid

Joint-administrator Paul Appleton brought an end to a lengthy saga on Friday when he announced Otium had emerged successful amid four final bidders for Coventry City Football Club Ltd, part of the League One club placed in administration by hedge fund owners Sisu in March.

The decision has been met with anger by the majority of Sky Blues supporters as the company is related to Coventry City Football Club (Holdings), who have continued to operate under Sisu.

A statement released by the Football League on Tuesday morning read: "At its meeting yesterday, the board of The Football League noted the decision of the administrator to accept a bid from Otium Holdings for the assets of Coventry City Football Club Limited (in administration).

"The League will now work with the administrator and the proposed purchaser with regards to the fulfilment of the requirements of The League's insolvency policy."

No timescale has yet been given as to when the sale will be ratified or CCFC Ltd taken out of administration.

Related News

Most Commented

Readers' Comments

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

G

ive him 10 crosses and he'll head 8 of them over the bar.

tk421
Where Does Giroud Rank In Premier League?

Footer 365

Chelsea defender John Terry signs new one-year contract

Chelsea defender John Terry has signed a new one-year contract to stay at the club until summer 2016.

Roy Hodgson confirms Harry Kane will make England debut

Harry Kane's "incredible season" will reach a new high with an England debut in the next week, Roy Hodgson has confirmed.

Roy Hodgson urges English goalkeepers to grab chance to shine

England boss Roy Hodgson has urged goalkeepers across the land to grab their chance to shine to fill his injury gaps.

Mail Box

Cry Me A River, Diego Costa...

There's little sympathy for Diego Costa, while one mailboxer has had enough of football by numbers. There's also an invitation to visit Colombia and an ode to Woan...

England Handicapped By Natural Pessimism

The England team will never achieve anything unless we all lighten up. Also, last season was simply Joe Hart's 'Frog Chorus', and 80 per cent was a conservative estimate of turds in the Liverpool punchbowl...

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