“It is highly unfortunate that we have had to take this course of legal action. Had we not taken this action, then the alternative might have been catastrophic for CCFC.
"We are owed a considerable amount of money in rent arrears. While it is imperative that ACL takes action to recover these arrears and to stop the arrears growing, it is important for us to find a solution that can provide for the survival of the Sky Blues. Hopefully this action will ultimately put CCFC on a stable financial footing for the future."
“We are, of course, well aware that under the current Football League regulations, CCFC will face a points deduction and we will do everything we can to ensure that the case is heard by the High Court before the end of the current season.
"While this opens up the possibility of a ten point deduction this season, the Board believes this is better than leaving CCFC facing a much larger deduction at the start of next season.”
The decision to take this course of legal action follows the recent collapse of talks between ACL and Sisu in relation to rent arrears and future matchday revenue arrangements.
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.