– Paul Appleton, Coventry City administrator
Much of the media coverage has been inaccurate and seemingly ill-informed.
Contrary to what has been written and broadcast, CCFC Ltd is not completely without assets. The primary asset of the Company is the lease and licence for the Ricoh Arena.
In respect of the Football League Golden Share, solicitors acting for the Club’s holding company have asserted a claim to it and I am investigating this and other matters.
As for the Players contracts and registrations, documents registered with the Football League show they are held by the holding company.
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.