Nick
Administrator
Can anybody in the know expand on this?
Why were the council ordered to give CCFC money back?
We paid £850k of rent last season. Shortfall on the annualised rent was £636k. The council withheld a rate rebate of £399k and had been overcharging rates since day one of the Ricoh Arena occupancy but we can only currently claim for the last three years. The Valuation Office (Central Govt) has told Coventry City Council to pay back £399k to club. That hasn’t happened yet so we are issuing legal proceedings against the council to recover the monies owed.
Why were the council ordered to give CCFC money back?