What does 'administration' mean?
With Coventry City the latest to be handed over to the men in suits, here is a guide to what it means when a club enters administration.
With Coventry City the latest to be handed over to the men in suits, here is a guide to what it means when a club enters administration.
A statement from the Joint Administrator for Coventry City FC
The Sky Blue Trust has reacted to reports of an impending takeover of Coventry City.
Coventry City have released a statement as Administrators for the club meet with supporters tonight to discuss the future of the club.
The Administrators will discuss their "Interim Report" which details the position of the club on the day when a bid has been tabled for a takeover.
– Coventry City, club statementToday’s interim report by the Administrator is exactly that an interim report. It doesn’t make any firm conclusions. However we will study it with interest.” _
American property tycoon Preston Haskell IV has put in a bid to buy Coventry City.
The US businessman is working as part of a consortium with former vice-chairman Gary Hoffman and suspended life president Joe Elliott.
The deal would involve them purchasing Coventry City Ltd, which is in administration, as well as 50% of the Ricoh Arena.
An American multi-millionaire has made a bid to buy Coventry City Football Club and half the Ricoh Arena, according to reports.
Property tycoon Preston Haskell IV, has made a bid ahead of tonight’s disclosure of the administrator’s findings.
Coventry City say they are putting together a "contingency plan" for where they will play next season.
– Tim Fisher, Chief Executive, CCFCThe fact is that we are being locked out of the Ricoh Arena. We have been told that there is no further room for negotiation and an offer that we made to get back round the negotiating table has been rejected."
The club say they have no alternative but to consider other arrangements.
It follows months of uncertainty after an ongoing row over rent payments.
Arena Coventry Limited who run the Ricoh Arena have not yet reacted to the latest statement.
– Coventry City Football Club HoldingsOn April 5th we once again made it clear to Martin Reeves – Chief Executive of Coventry City Council and a director of ACL – that we want a negotiated solution, if necessary with a mediator to resolve the on-going dispute concerning the rent and match-day revenues at the Ricoh Arena. We have asked Martin to respond by Friday April 12th.
The club's owners are 100 per cent committed to its long-term future and are determined to put the club on a sustainable business footing to ensure its viability and success going forward.
– JOINT STATEMENT ON BEHALF OF COVENTRY CITY FC HOLDINGS AND PAUL APPLETON JOINT ADMINISTRATORWhilst it was agreed to commence the appeal process with regard to the 10 point deduction by the Football League, following legal advice, the decision has now been made to withdraw the appeal to avoid further delay and costs to all parties.
Coventry City Football Club had submitted an appeal to the Football League to have the ten points deducted at the end of March reinstated.
The club had the points deducted after it went into administration.
Coventry City Football Club has submitted an appeal to the Football League to have the ten points deducted last week reinstated.
The club had the points deducted after it went into administration.
With Coventry City the latest to be handed over to the men in suits, here is a guide to what it means when a club enters administration.
Read the full story– Coventry City Football ClubCoventry City Football Club can confirm it will be taking up the invitation from the Football League to discuss its decision to deduct ten points from the Club.
The club said it is disappointed by the decision but also understands the Football League's action.
Coventry City Football Club has been deducted 10 points.
The club is now appealing against the deduction.