Coventry City Liquidated

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James G

James G

Well-Known Member
Aug 11, 2011
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Kuwait City, Kuwait
This was always very dodgy...arguments with Arena owners, not compromising when they made decent offers, talking about moving the club to ground share (that club had a lucky escape as I doubt they would have got paid). This was all just to buy time...very dodgy indeed. The FL must be thrilled with fixture lists all sorted to allow for groundshare.
 
There may be a ways to go on this one. BBC just altered their story to "Coventry City FC Ltd. go into liquidation", not sure if this makes a difference to the future of the club, this is usually where it all gets weird and confusing.
 
I just read a tweet from the BBC say they'll start the season tomorrow against Crawley, but can expect to be deducted at least 15 points.

Sad news, we really were lucky with Markus and Lowe/Wilde saying no to SISU.
 
I'm slightly confused as to who are the 'goodies' and who are the 'baddies' in this whole scenario. Clearly SISU haven't been running the club in a sustainable way, but from what I understand ACL have told SISU that it is compulsary that the club plays at the Arena, whilst charging what the hell they like. If I was in that situation, forgive me for saying that I would look elsewhere for somewhere to play matches.
 
Ah, I've got it. The company that owns the golden share in Cov is being liquidated, but the company that owns the assets of the club (players, etc) remains intact for now.
 
ChrisMarsdenFootballGenius said:
I'm slightly confused as to who are the 'goodies' and who are the 'baddies' in this whole scenario. Clearly SISU haven't been running the club in a sustainable way, but from what I understand ACL have told SISU that it is compulsary that the club plays at the Arena, whilst charging what the hell they like. If I was in that situation, forgive me for saying that I would look elsewhere for somewhere to play matches.
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And in the way these things happen, it doesn't really help that the owners of the Ricoh Arena recently suddenly decided to allow CC to play there on a fraction of the rent they were charged last season. £100K as opposed to £1M. All too late.
 
TheSecondStain said:
And in the way these things happen, it doesn't really help that the owners of the Ricoh Arena recently suddenly decided to allow CC to play there on a fraction of the rent they were charged last season. £100K as opposed to £1M. All too late.
Click to expand...

I'd heard that a very good offer was made a few weeks ago to stay at the Arena.
 
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