City Are Not In Administration

Coventry City FC have issued the following statement which is merely a legal requirement and it should be noted that they have not gone in administration as certain media outlets have foolishly reported.

"The Board of Coventry City Football Club can confirm that it has today filed in court notices of intent to go into administration.

This is merely a legal process protecting the Bank and its creditors and should speed up the potential takeover of the Club and therefore take Coventry City into a solvent financial situation.

This legal notice gives Coventry City a ten working day window to complete the takeover talks with Ray Ranson and Sisu Capital, along with all other parties.

Following recent speculation, the Club can confirm can that staff and player wages have now been paid and we look forward to a successful conclusion of the takeover in the near future."

Coventry City will not be making any further comment at this time.