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.
“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.”
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.