Tag: Coventry City

Anticipated Outcomes For Coventry City

So it turns out that the most obvious explanation is exactly that for obvious reasons, in this case. The Football League, an organisation which has become highly attuned to people trying to game the system over the last ten years or so, passed its verdict on Coventry City today and that verdict was as expected: a ten point deduction with immediate effect which effectively ends the club’s already faltering chances of making the League One play-offs at the end of this season. Considering that, whilst the team’s improvement on the pitch has been dramatic considering the dismal start to the season that it endured, it still hadn’t managed to worm its way into the top six in the division yet this season and the fact that the punishment might have been considerably worse had those looking at it taken a less charitable viewpoint on what has been happening at the club over the last few months, the club’s owners, SISU, may well, despite their statement this afternoon expressing their ‘disappointment’ at the League’s verdict, have cause for believing that they have got off somewhat lightly today. This, however, doesn’t mean that they are completely out of the woods yet. If there is one thing that has happened as a result of the considerable coverage that this story has received during a relative lull in the football calendar, it has...

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Coventry City Prepare For League Judgement

It has been a day of drama which in many respects revealed very little for Coventry City. The club’s recent tit-for-tat spat between its hedge fund owners SISU and ACL, who run the stadium that the club had been using for the previous year (but not paying rent to use for more than a year, now) had been threatening to blow up for some considerable time now, with patience on the part of ACL having been worn threadbare by what consistently looked like hard-headed negotiation by the club’s owners. Over the last couple of weeks or so, however, things have got very complicated – complicated to such an extent that we perhaps need to strip this story down to its bare minimum in order to make a great deal of sense out of it. Every Football League club has a “golden share,” which could be described as its right to play in the Football League in the first place, and golden shares have come a valuable commodity in recent years, with the number of limited companies that have sprung up with the intention becoming the legal entities that would seek to take control of clubs. In the case of Coventry City Football Club, there are two limited companies with very similar names involved – Coventry City Football Club Ltd (CCFCL) and Coventry City Football Club (Holdings) Ltd (CCFCHL). If...

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Utter Confusion Reigns At Coventry City

It has been a busy week for Coventry City Football Club. On the pitch the team itself remains just three points from the play-off places as the season ends its closing stages, but few eyes are concentrated on events on the pitch at present, as the breakdown in the relations between ACL, the company which manages The Ricoh Arena, and SISU, the hedge fund which owns the club, now threatens to spiral out of all control to the extent at which it ceases to become an overstatement to suggest that the very future of this football club is now at stake. The club moved into the Ricoh Arena in 2005 under a lease which had been agreed between ACL – a company which runs the stadium on behalf of its owners, Coventry City Council, and the Alan Higgs Trust – and the club’s then-owners, but since relegation to Football League One at the end of last season SISU have been arguing that their rent is too high for the division on which they play and, apparently, withholding it as some sort of “negotiating tactic” with ACL. Relations between the two companies have deteriorated significantly over the last three months or so. It had been understood that a deal had been brokered between the two companies that would lead to the club paying a significantly lower rent – as with...

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Does Administration – Or Perhaps Even Liquidation – Now Beckon For Coventry City?

This evening at The Ricoh Arena in front of a paltry looking crowd of less than 9,500 people, a free kick two minutes into stoppage time at the end of the match between Coventry City and Colchester United rescued a point for the home team which might have previously appeared lost. It was a result which leaves the Sky Blues in ninth place in League On. The team is now six points from the play-offs, which would not be an insurmountable shortfall to have to make up on the clubs above them in the table were it not for one not insignificant detail – Coventry City seemed destined to collapse into either administration or liquidation over the next few days or so as a result of a lengthy dispute with their landlords over the terms of the lease that they have, for now, at their home stadium. The story of Coventry City’s slide towards this position has been one of brinkmanship in the face of overwhelming evidence suggesting that such a hard-headed negotiating position might not necessarily have been the wisest of ideas. The club has been in dispute with Arena Coventry Limited, the company who run the stadium on behalf of Coventry City Council and the Higgs Trust, for many months now. It claims that it is massively overpaying for use of the stadium – even though this...

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