As expected, Coventry City have been deducted 10 points by the Football League, effectively ending their chances of promotion this year. It is believed that Coventry’s ‘golden shares’ in the Football League and Football Association are still with Coventry City Football Club Ltd. which has gone into administration rather than Coventry City Football Club (Holdings). Hence, Arena Coventry Limited (ACL) were able to ask the High Court to dismiss their own application for an administration order.
As expected, Coventry City have been deducted 10 points by the Football League, effectively ending their chances of promotion this year. It is believed that Coventry’s ‘golden shares’ in the Football League and Football Association are still with Coventry City Football Club Ltd. which has gone into administration rather than Coventry City Football Club (Holdings). Hence, Arena Coventry Limited (ACL) were able to ask the High Court to dismiss their own application for an administration order.
The club has, however, done a deal with ACL to play their last three home games of the season at the Ricoh Arena. In its statement the club says ‘we hope we can continue a constructive dialogue with ACL with the aim of securing a sustainable future for the club at the Ricoh Arena.’ This suggests that the Sky Blues may stay at the Ricoh rather than ground sharing elsewhere in the West Midlands while a new stadium is built at a different location in Coventry, a plan that always seemed like a waste of resources.