Statement on behalf of the Joint Adminstrator for Coventry City FC Limited...
Since being appointed as Joint Administrator for Coventry City FC Limited (CCFCL) less than a week ago, I have been investigating a number of complex issues surrounding the Club.
Yesterday’s decision by Arena Coventry Limited (ACL) to withdraw their own Application for an Administration Order now leaves me with the sole task of continuing those investigations.
The position is the same as it was last Friday. CCFCL is in administration, Coventry City FC (Holdings) Limited is not.
Much has been said and written in the media from both sides. My task is to remain impartial, however, I need to make a few points clear to the most important people involved in this situation - the Coventry City fans.
There are obvious concerns amongst supporters and season ticket holders surrounding the future of the Club.
The main ones that are concerning the fans relate to the Club’s ability to fulfill its remaining fixtures, where the three final home matches will be played and the prospect of a 10-point deduction by the Football League.
I’d like to address these in order. While CCFCL - which was the tenant under the terms of the lease and licence to occupy the Ricoh Arena - is in Administration, Coventry City Football Club (Holdings) Limited is not and will continue to run as normal under its existing management.
I met with Steven Pressley last week to give him, the players and the Club staff those assurances.
There has been much speculation following the decision by the Club to withdraw its staff from the Ricoh Arena last Friday that the Club would be forced to ground-share for the rest of the season.
I understand there is a scenario where a compromise between the Club and ACL remains a possibility. If, in my position as Administrator, I can help mediate between the two sides, then that is something I am happy to do. That is my message to both parties.
As for the possibility of a 10-point deduction, that all depends on who holds the Golden Share which allows the Club to play in the Football League.
CCFC (Holdings) Ltd believe they hold the Golden Share and, as they are not in Administration, should not be deducted 10 points.
The Football League believe the Golden Share rests with CCFC Ltd which would potentially mean points being docked.
I am continuing my investigation into the matter and, as such, cannot yet comment. All I would say is that I will endeavour to keep the fans as up to date as possible within the limitations of my role.
Inevitably, the process of Administration is a lengthy and complicated one and while I appreciate the pressing concerns of the all Coventry City fans, I would ask for their patience while my investigations continue.