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Club continues restructure

7 November 2013

Club shareholders to be invited to meeting regarding restructure process before the end of 2013

Coventry City has continued the process of tidying up its business structure.

It has voluntarily struck off Coventry City Football Club (Holdings) Ltd. All business is transacted through Otium Entertainment Ltd.
 
Tim Fisher said: "All assets sit within Otium Entertainment - including the Football League golden share - so the move to solvent dissolution of CCFC Holdings is simply another logical step in making our structure simpler and straightforward.

“We have said throughout that we intended to clean up the untidy structure we inherited and put all the assets and operations of the Football Club under a single entity and this is part of that process.”

Fisher added that all relevant stakeholders had been formally notified of the process and the nearly 300 B shareholders had also been written to informing them they would be invited to a meeting before the end of the year.

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