– Coventry City Football Club Holdings
On 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.
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.