Despite rumours that Northampton Town were cooling over the idea of hosting Coventry City 'home' matches for 35 years, the Football League have agreed that City can use Sixfields Stadium for three years until a new stadium is built.
In a press statement, the Football League said; "The Board of Directors of The Football League has reluctantly approved an application by Otium Entertainment Group - the Administrator’s preferred bidder for Coventry City FC Limited - for Coventry City to play its home matches at Northampton Town’s Sixfields Stadium for an initial period of three seasons.
“In the Board’s view, it was a matter of “deep regret” that it had not proved possible for the club’s proposed purchaser to reconcile its differences with the owners of the Ricoh Arena - Arena Coventry Limited (ACL).
“However, with the new season less than four weeks away, the Board required certainty as to where the Club would play its matches from the start of the new campaign.
“Nevertheless, the Board’s approval remains entirely conditional on the Club ultimately exiting administration in accordance with The Football League’s conditions and achieving a successful transfer of its League share.
“Otium will also be required to provide a Performance Bond of £1m with The Football League as an assurance of the club’s commitment to return to the Coventry area.”