ccfcway
Well-Known Member
THE wait over the future of Coventry City has gone into extra-time with the club still refusing to pay unpaid Ricoh Arena rent.
Stadium bosses are still “considering their legal options” over the £1.1million rent arrears after the Boxing Day deadline passed for the Sky Blues to pay up.
Arena Coventry Ltd (ACL) had issued a statutory demand giving the club 21 days to pay or face a winding up order. The 21 days expired on Wednesday.
ACL – jointly owned by the Higgs Charity and Coventry City Council – has until the courts re-open on January 2 to announce its next move.
If Coventry City – owned by hedge fund Sisu – still refuse to pay, the club could be forced to put itself in to administration or face a winding up order
It comes after ACL released a statement on Christmas Eve which said: “No agreement has been reached with CCFC owners Joy Seppala and her Mayfair-based hedge fund SISU over the outstanding rent issue.
“Arena Coventry Ltd is disappointed at this and will be considering its legal options and the appropriate course of action.”
Stadium bosses are still “considering their legal options” over the £1.1million rent arrears after the Boxing Day deadline passed for the Sky Blues to pay up.
Arena Coventry Ltd (ACL) had issued a statutory demand giving the club 21 days to pay or face a winding up order. The 21 days expired on Wednesday.
ACL – jointly owned by the Higgs Charity and Coventry City Council – has until the courts re-open on January 2 to announce its next move.
If Coventry City – owned by hedge fund Sisu – still refuse to pay, the club could be forced to put itself in to administration or face a winding up order
It comes after ACL released a statement on Christmas Eve which said: “No agreement has been reached with CCFC owners Joy Seppala and her Mayfair-based hedge fund SISU over the outstanding rent issue.
“Arena Coventry Ltd is disappointed at this and will be considering its legal options and the appropriate course of action.”