Coventry City FC sale complete

The administrator for Coventry City says the sale of the club to a company connected to its current owners Sisu has been 'completed'.

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Ricoh Arena: "no need" for Coventry to leave city

The Sky Blues have said they are not going back to the Ricoh Arena Credit: Dave Howarth/EMPICS Sport/PA

Bosses at the Ricoh Arena have released a statement saying there is "no need" for Coventry to leave the city.

It is after the stadium was represented at a crucial meeting earlier today about the Sky Blues' debt problems.

A spokesman for Arena Coventry Ltd, which owns the Ricoh said:

“Following the adjournment of the creditors meeting the Administrator will continue his investigations into the affairs of CCFC Limited.

This follows his welcome confirmation last Friday that ownership of the Football League Golden Share lies in CCFC Limited.

“ACL will continue to do all it can to work with the Administrator and the Football League to resolve matters.

We are a successful business and want the Sky Blues to be part of our continued success in the years to come.

Our doors are open to the Club and there is no need whatsoever for them to be playing outside the City of Coventry.”

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  1. Peter Bearne

"No apparent resolution" from Coventry debt meeting

A meeting over the future of beleaguered Coventry City has broken up with no apparent resolution on a way forward.

The administrator Paul Appleton and the club's creditors emerged from talks at a local hotel without making any comments to waiting reporters.

According to fans from the Sky Blue Trust, which staged a small demonstration outside, the parties are planning to meet again in London in two weeks' time.

Sky Blues debt meeting: fans call for club to stay in city

Sky Blues Trust spokesman Jan Mokrzycki tells ITV News Central that supporters want Coventry City to stay in the city.

Current owners Sisu have outlined a plan which would see Coventry move away for at least three years, whilst a new stadium is being built.

Eight parties have expressed an interest in buying the club, which went into administration in March.

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Meeting over future of Coventry City

A meeting is being held this morning about the future of debt-ridden Coventry City.

Paul Appleton, the administrator for Coventry City FC Ltd, will update parties who are owed around £70m by the company.

CCFC Ltd is in debt to its parent company Sisu - as well as the Ricoh Arena and Coventry City Council.

The Sky Blues Trust, a supporters' group, are holding a protest outside the meeting at the Hilton Hotel in Coventry.

They are urging Mr Appleton not to sell the company back to Sisu - who still have overall control the Sky Blues.

Coventry fans to decide on Hill statue's future

The statue of the former Sky Blues manager was unveiled in 2011 Credit: Nick Potts/PA Archive/Press Association Images

Coventry City say they will not move the statue of Jimmy Hill at the Ricoh Arena, without speaking to supporters - and the Hill family first.

Reports claimed the Sky Blues were planning on moving the statue, as well as a memorial garden at the stadium, to a planned new site in the Coventry area.

Coventry City chief executive Tim Fisher said:

“I want to be crystal clear that the club will not move the Jimmy Hill statue, the memorial garden or the bricks in the wall at the Ricoh Arena, without fully consulting supporters and the Hill family.

“We are meeting fans over the coming fortnight and these are items that will be very high on the agenda because of their huge importance."

Coventry City 'close to agreeing' land deal for new stadium

Real estate firm CBRE say they have been appointed by the Sky Blues to look for potential sites.

The club's current owners Sisu claim to have left the Ricoh Arena and want to build a new stadium over the next three years.

"The firm has been working on finding a site for a new stadium within the Coventry area and is close to agreeing a land deal. This will secure the future of the Club going forward, providing first class new facilities for the team, fans and the local community.

Proposals will go before the Football League in June."

– CBRE Group, Inc.
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