BREAKING NEWS:- CCFC into liquidation

[rebbonk]

[dutchman]

“The Board of ACL was informed that its amendments to the CVA were not accepted. They were therefore asked to vote on the proposals put forward by the Administrator Paul Appleton.

“ACL, jointly owned by the Alan Edward Higgs Charity and Coventry City Council, voted not to approve the Administrator’s proposals.

“This decision was based on ACL’s twin aims: first, to keep Coventry City Football Club playing in Coventry; and second, to ensure that Coventry City Football Club is financially viable for the next few years and beyond. This last point is especially important given that CCFC has been the subject of a ‘catastrophic insolvency’ in the hands of its previous owners.

“The CVA proposals put forward by Mr Appleton simply do not address these obvious concerns. And these concerns are not only the concerns of ACL – they are the concerns of all Sky Blues’ supporters, and should be the central concerns of both The Football League and The Football Association.

“Mr Appleton has the ability to put forward new proposals, and we would welcome these as soon as possible.”

[dutchman]

Football League docks Sky Blues 10 points

Coventry have been docked 10 points after the Football League allowed them to start their League One campaign.

It comes after news that part of the club is on the brink of liquidation.

A Football League Statement read: "The Football League has agreed to transfer the club's share to Otium Entertainment Group on the basis that it accepts a 10-point deduction for this season.

"This enables Coventry City to continue its membership of The Football League and participate in the 2013-14 season."