According to a tweet from the Coventry Telegraph's Les Reid, Arena Coventry Limited feel that it is time for proper administration after the Football League admitted to errors over the registrations of players at Coventry City.
These actions by the Football League which will now throw up legal challenges have seen Arena Coventry Limited say to Mr Reid who tweeted: "League's admission of errors a crucial development. Club not yet liquidated, time for proper administration"
ACL Full Statement:
“The Football League’s admission that it has made serious errors in the administration of Coventry City Football Club is a crucial development in this saga.
“That is what all the publicly available documentation makes clear – from the 2008 board minutes that recently came to light right through to the last set of filed accounts in 2012. It is also what the Football League’s own regulations say should be the case.
“It is therefore deeply disappointing that they have waited until now – with the administration process almost over – to make this admission.
"But fortunately there is still time to resolve this matter. The joint administrators have not yet liquidated the club so there is still time for a proper administration process to be run – one based on all the facts – that provides a fair outcome for creditors, for prospective purchasers of the club, and most of all for Sky Blues fans themselves.”
More on this: http://www.coventrytelegraph.net/news/coventry-news/football-league-admits-coventry-city-5741590