"Coventry City agree groundshare with Northampton Town"

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"Coventry City agree groundshare with Northampton Town"

Postby dutchman » Thu Jul 04, 2013 1:14 am

Coventry City have agreed a deal to play their home matches at Northampton Town’s Sixfields Stadium, the Telegraph can exclusively reveal.

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The Football League’s board will meet on Thursday to discuss whether to approve the arrangement.

The Telegraph also understands the Sky Blues are set to be selected as the preferred buyer for a site in “the Coventry area” to build a new stadium - and to enter exclusive negotiations over a sale.

It coincides with a sales process for the Coventry Bees speedway stadium site at Brandon, as we have previously revealed.

Several Telegraph sources confirmed Coventry City and Northampton Town have agreed a deal for the Sky Blues to play at The Cobblers’ 7,600-capacity stadium from the new season, which begins on August 3.

The first Coventry City home game there would be against Bristol City on Saturday, August 10.

The deal could be approved by the League whether or not City are still in administration at the start of the season.

As the Telegraph also reveals today, Coventry City Football Club Limited’s administrator Paul Appleton has now issued his confidential proposals for creditors to sign a Company Voluntary Arrangement (CVA) that would bring the club out of administration, preventing liquidation.

It is not yet known if creditor Arena Coventry Limited - the part-Coventry City Council-owned Ricoh stadium firm owed rent arrears by the Sky Blues - will try to block the CVA and prolong administration.

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