Coventry withdraws point appeal

Coventry City has decided to withdraw its appeal against a 10-point deduction by the Football League after a High Court ruling put the club into administration. This is the latest in an ongoing dispute over £1.3m in rent payments.

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Coventry City's latest administration statement

This is the latest statement issued by Coventry City regarding part of its business, Coventry City Football Club Limited, being placed into administration:

"Paul Appleton, Managing Partner of David Rubin & Partners LLP has been appointed as Administrator for Coventry City Football Club Limited, the company that held the lease and licence in relation to the Ricoh Arena.

Paul is highly experienced in this area and has the respect of all parties involved.

One of his first tasks was to meet Coventry City manager, Steven Pressley in order to explain the situation.

Paul informed Steven that he would not be involved in relation to the affairs of Coventry City Football Club (Holdings) Limited, the entity that runs the Football operation.

Paul said:"

“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.

“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.”

– Coventry City Football Club (Holdings) Ltd

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Coventry City: High court hearing adjourned until next week

An administration hearing at the High Court about an order placed on Coventry City Football Club has been opened and adjourned.

Non-operating subsidiary company Coventry City Ltd was placed in administration last night.

The club's parent company Coventry City Holdings, which is the club as the fans understand it, is still in operation.

Coventry City Ltd owes the owners of the Ricoh Arena more than £1.3 million in unpaid rent.

The High Court hearing will be heard again on Tuesday 26 March.

Coventry City releases statement regarding administration

Coventry City Football Club Holdings has confirmed that a non-operating subsidiary of the Club has today been placed into administration.

It's important to stress that the Football Club itself is not under threat.

This is merely a property subsidiary which owns no material assets and has no employees, on or off the pitch.

The Club can confirm that all staff wages, PAYE and all other creditor commitments will continue to be met as before by Coventry City Football Club Holdings.

Unlike other instances of clubs being taken either wholly or partially into administration, there are no HMRC or VAT implications.

Our main objective is to remain competitive on the pitch and give Steven Pressley and players our full backing and commitment.

– A spokesman for the Club

The Football Club says that it will continue to trade as normal without interruption.

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