Coventry accept 10-point deduction

Coventry will start the new SkyBet Football League season in League One with a 10-point deduction.

Last Updated: 02/08/13 at 18:55 Post Comment

Coventry City: Could face liquidation

Coventry City: Could face liquidation

Coventry will start the new SkyBet Football League season in League One with a 10-point deduction after the League transferred their share to the Otium Entertainment Group.

Coventry City FC Limited this morning failed to agree a Company Voluntary Agreement (CVA) with the owners of the Ricoh Arena, their former ground, and said in the aftermath that liquidation and a points deduction was expected.

In a statement tonight, the club said CCFC Limited would enter liquidation and that they had accepted the League's point deduction.

The Sky Blues are at Crawley on Saturday but when they start their home campaign they will play at Northampton's Sixfields ground - a move that has also been ratified.

That comes as a result of the stand-off between the old CCFC Limited and Arena Coventry Limited (ACL), the owners of the Ricoh, regarding rent.

ACL had proposed changes to the CVA which was given to them by administrator Paul Appleton on Tuesday - alterations which included an offer for the club to return to the Ricoh on reduced rent with a 10-year lease.

Appleton rejected that, though, and ACL voted against the club coming out of administration.

ACL did encourage the administrators to return to them with another proposed CVA saying they had a twin aim to: "First, to keep Coventry City Football Club playing in Coventry; and second, to ensure that Coventry City Football Club is financially viable for the next few years and beyond."

But that now appears to be a moot point considering the developments of Friday evening and the club's chief executive, Tim Fisher, hopes progress can now start to be made.

"We know that this has been an extremely difficult summer for our supporters and we are truly sorry that all of the attention has been off the field rather than on it," he said.

"There has been a great deal of uncertainty surrounding the club's future but this decision by the Football League means we now have certainty and the club's future is secured.

"We can now get on and put our future plans into action which means building and owning our own stadium in the Coventry area.

"It has been a very difficult time but Coventry City Football Club moves forward.

"It's made all the harder by the fact that the adjournments pushed the club right up to the deadline for the start of the season.

"Surely the events of the last few days and the abuse of the administration process highlight that the club had been left with very little room for manoeuvre.

"Indeed, I am sure that all the fans are aware that the very reason ACL stated for filing for administration in the first place was to avoid liquidation and a points deduction this season. Liquidation is exactly what they pushed for and succeeded in getting today.

"Whilst the points deduction is not welcomed, we believe the 10 point penalty proves that the Football League recognises the very difficult circumstances the club has been operating under.

"None of us want to start the season away from the club's home city but previous refusals to take up our offer of negotiation or arbitration meant we were forced to find a ground to complete our fixtures."

The Football League's chairman, Greg Clarke, is unhappy that the relevant parties were unable to reach an agreement, but hopes that the share transfer will conjure the time to allow a new future to be fashioned for the club.

He said: "Once again, it is a source of immense frustration to everyone involved that the two parties in this dispute have failed to reach any agreement. The Board is dismayed at the level of intransigence being shown.

"Nonetheless, The League will continue with its efforts to get the two parties to enter into meaningful negotiations, so that Coventry City can return to Coventry at the earliest opportunity.

"The Board's decision means that these attempts can now be conducted against a backdrop of Coventry City as a continuing member of The Football League, rather than it having to bring an end to the Club's 94 years in league football."

The move to Northampton, some 32 miles away, has not been welcomed by the club's fans and just over 200 of them have purchased season tickets for the coming season.


Click here for completely free £10 bet with Sky Bet


Related News

Most Commented

Readers' Comments

I

was there, it was embarrassing - the team looked totally unbalanced from the off, the defence was woeful and when Mikel came off injured it got even worse with nobody in front of them. Up front on several occasions we had opportunities and nobody would shoot - it was a complete farse! On the back of Salah's performance I'm glad there is talk of getting shot...

Fly1ngh1gh
Cup defeat shames Mourinho

G

reat to see Tommy Rosicky getting some love. A wonderful player. Such a pity we lost so long to injury. I was so excited when we signed him, this resurgence only makes the absences seem more of a lost opportunity.

cheshire-gooner
16 Conclusions: FA Cup Fourth Round Weekend

A

pparently Chiles has blamed Twitter trolls for his exit. Proof that even the worst things can get great results at times.

cheshire-gooner
Adrian Chiles to leave ITV

Footer 365

Capital One Cup semi-final second leg team news: Chelsea v Liverpool preview

Team news for Tuesday's Capital One Cup semi-final second leg between Chelsea and Liverpool at Stamford Bridge.

Sky Bet League One: Leyton Orient part company with sporting director Mauro Milanese

League One club Leyton Orient have parted company with sporting director Mauro Milanese, according to Sky sources.

Fabian Delph: Aston Villa teammates shocked by deal

Fabian Delph has admitted his Aston Villa team-mates were shocked to hear he had signed a new deal.

Mail Box

You're Man Utd, For Crying Out Loud!

Defending a 0-0 draw with Cambridge on the grounds that other teams lost to lower-league opposition is not befitting of Man United. We're inclined to agree with Mailboxers...

A Massive Mailbox On A Weekend Of Wonder

We unsurprisingly have plenty of mails on a wonderful FA Cup weekend, including thoughts on Palace, Van Gaal, Phil Jones, Chelsea, Mourinho and Yaya Toure...

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