Is my understanding correct? (1 Viewer)

[EssexSkyBlue]

So my understanding is:

Otium Entertainment Group Limited now hold the 'Golden Share'. As such they hold the rights to play in the Football League. This Company have a rental agreement, presumably on a match by match basis rather than for a period of time with Northampton Town Football Club. Hence the use of the phrase 'rental' rather than 'groundshare'.

Coventry City Football Club Holdings Limited are the Company to whom all the players are contracted, they also pay the players, staff wages etc.

How difficult is it for the Football League to insist, through its rules, that everything comes under the umbrella of one Limited Company? Surely it is this allowing of multiple companies that has, at least partly, caused the current situation at Coventry City Football Club.

Whilst I am on the subject which company is it that holds the rights to trade as 'Coventry City Football Club'. Surely with the company that used to legally hold that right, Coventry City Football Club Limited, now on the point of liquidation the name is up for grabs. Who has decided that that right is now held by Otium Entertainment Group Limited or Coventry City Football Club Holdings Limited?

 

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[theferret]

So my understanding is:

Otium Entertainment Group Limited now hold the 'Golden Share'. As such they hold the rights to play in the Football League. This Company have a rental agreement, presumably on a match by match basis rather than for a period of time with Northampton Town Football Club. Hence the use of the phrase 'rental' rather than 'groundshare'.

Coventry City Football Club Holdings Limited are the Company to whom all the players are contracted, they also pay the players, staff wages etc.

How difficult is it for the Football League to insist, through its rules, that everything comes under the umbrella of one Limited Company? Surely it is this allowing of multiple companies that has, at least partly, caused the current situation at Coventry City Football Club.

Whilst I am on the subject which company is it that holds the rights to trade as 'Coventry City Football Club'. Surely with the company that used to legally hold that right, Coventry City Football Club Limited, now on the point of liquidation the name is up for grabs. Who has decided that that right is now held by Otium Entertainment Group Limited or Coventry City Football Club Holdings Limited?

You'll never get a situation where everything comes under one company, it is unrealistic. Just look at the corporate structure of ACL as an example - it is owned jointly by North Coventry Holdings Ltd and Football Investors Ltd, and has two subsidiaries - IEC Experience Limited and Arena Coventry (2006) Limited. That's a web of 5 limited companies, not that there is anything wrong with that.

I don't know who has the rights to the name, but as Holdings is the original company incorporated in 1907, I suspect there is a good chance it is with Holdings anyway. If not, and the name was an asset owned by Limited, then I'm not sure.