'Business as usual' for Coventry

Coventry manager Steven Pressley has been assured it is "business as usual" by the administrator.

Last Updated: 22/03/13 at 17:25 Post Comment

Latest Articles

Rotherham sign Manchester United defender Reece James on emergency loan

1 comments

Championship side Rotherham have signed Manchester United defender Reece James on loan until January 10.

Transfer news: Aston Villa striker Darren Bent joins Brighton on month's loan

2 comments

Brighton have completed the signing of Aston Villa striker Darren Bent on an initial month's loan.

All Articles

Pressley: Given assurances about his squ

Pressley: Given assurances about his squ

Coventry manager Steven Pressley has been assured it is "business as usual" by the administrator appointed for the company that holds the lease and licence for the Ricoh Arena.

It was confirmed on Thursday that Coventry City Football Club Limited had gone into administration.

However, this company is distinct from Coventry City Football Club (Holdings), which runs the football operation.

It means that Paul Appleton, managing partner of David Rubin & Partners LLP, has been able to offer Pressley assurances about his squad, including confirmation they will continue to be paid as normal.

"I was pleased to meet with Steven and give him reassurances that, as far as what happens on the pitch and in the general running of the Club, it is absolutely business as usual with the operating company executives very much in charge," said Appleton.

"Steven, the players and all the staff at the football club will continue to be paid as normal by the operating company which is not in administration - that is an important message I was keen to put across."

The administration issue centres around the costs involved with playing at the Ricoh Arena, which Coventry moved into eight years ago.

A High Court judge is next week due to analyse the finances of the club after the owner of the stadium said it was owed rent.

Arena Coventry said earlier this month that it was owed more than £1.3 million and planned to ask a High Court judge to place the club into administration.

Lawyers representing Arena Coventry appeared at the High Court in London today to outline the latest state of play.

They said Arena Coventry bosses had been concerned by a statement made by the club earlier this week - and needed more time to consider their position.

A judge adjourned the hearing until Tuesday.

Eighth-placed Coventry travel to bottom-of-the-table Portsmouth - a club placed into administration more than a year ago - on Saturday.

There has been talk of City reaching a ground-share agreement with one of their Midlands neighbours before building a stadium of their own, even though the 32,000 Ricoh Arena is a newly-built stadium.

It is now thought Coventry will have a 10-point deduction imposed by the Football League, which would end any outside chance of promotion from League One, City having mounted a successful run under Pressley, who was only appointed as Mark Robins' successor a fortnight ago.


Click here for completely free £10 bet with Sky Bet & £5 free every week


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.

Footer 365

Cesc Fabregas buries hatchet with Sergio Ramos over Spain row

Cesc Fabregas says he has spoken to Spain team-mate Sergio Ramos after the Real Madrid star questioned his commitment to the national team.

Champions League: Lionel Messi breaks goalscoring record as PSG win

Lionel Messi became the Champions League's all-time record scorer as Barcelona thrashed APOEL Nicosia, while PSG won.

Champions League: Mourinho hails Chelsea team performance after Schalke demolition

Jose Mourinho hailed Chelsea's "complete" performance after their 5-0 demolition of Schalke.

Mail Box

Mails: Quit Massaging Mourinho's Ego

That's the message from the afternoon mailbox after it was claimed that the Chelsea boss has transformed Cesc Fabregas into a complete player. Plus, more on Arsenal...

F365: Saving You From Bad Relationships

A cracking Mailbox, with thoughts on Chelsea, Willian, Jurgen Klopp, Brendan Rodgers and Aguero. Plus how Football365 saved one man from an unhappy relationship...

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