According to the Coventry Telegraph’s Les Reid (@lesreidpolitics) Coventry City Football Club Limited will be out of administration in three weeks.
Yesterday, joint-administrator Paul Appleton announced that Otium Entertainment Group Limited were the preferential bidder for the company currently in administration, a move still to be ratified by The Football League.
On Saturday afternoon, Reid tweeted: “ACL & #CCFC sources expect earliest for Ltd sale & end of admin is 3 weeks. Big issue – will ACL sign CVA or delay?”
It always gets complicated when a club goes into administration, arguments , contracts and legal disputes. Messy stuff.Coventry is just but one of the many clubs that have suffered the fate of administrators knocking on their door.Leeds , Stockport, Portsmouth and loads of others have been involved in messy insolvency issues!