Club statement following the findings of the board of the Football League considering the matter of the outstanding Dividend Payments from Coventry City’s period in administration.
The Board of the Football League has today released its findings considering the matter of the outstanding Dividend Payments from Coventry City’s period in administration.
In light of today's announcement, Coventry City's Tim Fisher said: "Yesterday, the Board of the Football League made its decision on how much the club should pay to ACL in respect of the dividend payments from Coventry City Football Club’s period in administration.
"We know that ACL saw the payment of this money as a barrier to agreeing terms to get the club back to Coventry. We can today put this obstacle behind us and get down to the business of negotiating a return to Ricoh Arena until we can own our own stadium.
"As we have said all along we want what is best for the long term future success of Coventry City FC. That means our job is to get the club back to Coventry, which is something every single supporter wants to see, whilst ensuring the financial stability of the club.
"A key element is for us to agree terms that are driven by Financial Fair Play, so that Steven Pressley can invest match day revenues in talent on the pitch."