1. ITV Report

Read the latest Coventry City statement here

Coventry City have released a new statement on the future of the club Photo: PA

As fans will know, Coventry City Football Club Limited was placed into administration on Thursday.

This subsidiary of the Club held the lease and licence for the Ricoh Arena. This covered the permission to play home matches at the stadium as well as the rental of the Club shop and the Club offices.

Given this subsidiary is now in administration, the Club has taken the decision to protect its staff by moving them from the stadium to the training ground at Ryton, before finding a more permanent base.

Employees, including all playing staff, are employed by Coventry City Football Club (Holdings) Limited and there is no threat whatsoever to their jobs.

We have also removed all stock from the Club shop as we will want to use this at other premises in the future.

We appreciate the anxiety of fans and season ticket holders. The Club is currently in talks with the Football League over a number of issues, one being a location where the Club can fulfill its three remaining home fixtures.

The company which owns the football club, Coventry City Holdings Ltd., continues to operate. As far as possible, it's business as usual.

Ideally, we would like to keep playing our home matches at the Ricoh if the stadium owners, Arena Coventry Ltd (ACL) will offer reasonable commercial terms. All we've ever asked for is an affordable rent with access to matchday revenues, like any other club. We hope these will be offered to us by ACL.

We noted that the owners of the stadium, ACL, told the court they would be prepared to assist their proposed administrator 'with a partial (or possibly full) deferral' of the stadium rent and licence fee during the administration process.

But following Thursday's decision to place Coventry City Football Club Limited into administration, ACL told the appointed administrators they would require the full rent and licence fee on the stadium to be paid.

To reach an agreement with ACL to allow the Club to move back and fulfil its fixtures at the Ricoh Arena, we would hope and expect ACL would extend the same terms to the Club.

Again, we realise these are anxious times for all Coventry City fans but rest assured we are doing everything in our power to reach a suitable outcome for all supporters and employees.

More on this story