Otium seal Coventry purchase

The joint administrator at Coventry has confirmed the sale of the football club to Otium Entertainment Group has been completed.

Last Updated: 27/06/13 at 16:32 Post Comment    Bet with SkyBet  League 1 Top 6 Finish 13/14 Win Outright: Coventry 100/1

Ricoh Arena: Coventry's home next season in League One

Ricoh Arena: Coventry's home next season in League One

Four bids were lodged for the club two weeks ago and Otium have seen off the competition to take control.

A statement from Paul Appleton read: "This has been no ordinary football administration and I have tried to undertake a sale process which allows the Club to compete in all of next season's competitions.

"Obviously, one of the key points now is to determine where the Club plays its football next season, but that is a matter for the purchasers and the Football League.

"In this regard, the offer made by ACL to allow the Club to play at the Ricoh was dependent on Limited remaining in administration and was based on the mistaken belief that Limited had the ability to field a team.

"However, as I've stated on many occasions, it is Holdings which employs the players and, consequently, Limited was never in a position to take up the offer.

"The Football League have been kept closely informed of developments and I am continuing to work closely with them so that the process of transferring the share can begin."

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.

Bet with SkyBet  League 1 Top 6 Finish 13/14 Win Outright: Coventry 100/1

Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

Footer 365

Serie A: Inter Milan will sign a top European striker this summer

Inter Milan president Erick Thohir has confirmed the Nerazzurri are looking to bring in a top striker this summer.

Premier League: Brendan Rodgers wants Liverpool to win title with class

Liverpool manager Brendan Rodgers has called on his side to try and win the Premier League title "in the right way".

Champions League: Cristiano Ronaldo still hopes to play for Real Madrid against Bayern Munich

Real Madrid's Cristiano Ronaldo remains hopeful of being fit for Wednesday's Champions League clash with Bayern Munich.

Mail Box

City: Bottle Jobs, A Laughing Stock...

There are some harsh words for Manchester City and Manuel Pellegrini in the Mailbox this morning, as well as some rather nicer ones for Tony Pulis and his magic hat...

Fatigue No Excuse For Giroud Being Cr*p

We have a long mail on why Giroud isn't very good at all, plus some more thoughts on neutrality. Plus, who do you want out of you club this summer and Liverpool moving buses...

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