ccfcmustang
New Member
I received an Email from the football league this morning.....
While we note your concerns, It is first worth clarifying that on the morning of Friday 2[SUP]nd[/SUP] August Coventry City FC effectively ceased to exist. Due to the lack of a CVA agreement, in order to attempt to enable the club to continue to exist, and retain its membership of The Football League this season, the Board agreed to transfer the club’s share to Otium Entertainment Group under its ‘exceptional circumstances’ provision.
In respect of the temporary stadium relocation, Otium made a request to the Board of Directors of The Football League to play it’s home matches at Northampton Town’s Sixfields Stadium. Again, The League has no jurisdiction to force any businesses to come to an arrangement over land or rental agreements. With no agreement in place to play at the Ricoh Arena, or any other venue, reluctantly, the Board of Directors approved the application to relocate on a temporary basis only. There are a number of stringent conditions in place regarding the temporary relocation. Failure to abide by these conditions and return to Coventry will result in cessation of the club’s membership of The Football League.
Thank you for contacting The Football League.
Maybe a little pressure on the club now, lets hope the league have gained a backbone throughout this saga. I wonder what the 'conditions' are? And has anyone heard of the 'exceptional circumstances' provision?
While we note your concerns, It is first worth clarifying that on the morning of Friday 2[SUP]nd[/SUP] August Coventry City FC effectively ceased to exist. Due to the lack of a CVA agreement, in order to attempt to enable the club to continue to exist, and retain its membership of The Football League this season, the Board agreed to transfer the club’s share to Otium Entertainment Group under its ‘exceptional circumstances’ provision.
In respect of the temporary stadium relocation, Otium made a request to the Board of Directors of The Football League to play it’s home matches at Northampton Town’s Sixfields Stadium. Again, The League has no jurisdiction to force any businesses to come to an arrangement over land or rental agreements. With no agreement in place to play at the Ricoh Arena, or any other venue, reluctantly, the Board of Directors approved the application to relocate on a temporary basis only. There are a number of stringent conditions in place regarding the temporary relocation. Failure to abide by these conditions and return to Coventry will result in cessation of the club’s membership of The Football League.
Thank you for contacting The Football League.
Maybe a little pressure on the club now, lets hope the league have gained a backbone throughout this saga. I wonder what the 'conditions' are? And has anyone heard of the 'exceptional circumstances' provision?