| Coventry go into liquidation?? on 10:46 - Aug 2 with 4582 views | SuffolkHoop |
This has been coming for a good few years now and is very sad for the football league. Coventry are part of the furniture of English football, I hope they come back from this. |  | |  |
| Coventry go into liquidation?? on 10:47 - Aug 2 with 4563 views | QPRDave |
This can't be right surely, they're sharing northamptons ground aren't they? |  | | |
| Coventry go into liquidation?? on 10:57 - Aug 2 with 4499 views | davman |
If true, then please don't anyone come on with 'its their own fault' or 'so what'. We all know that we, as fans cannot stop owners of clubs ruining them. Its about time football supporters got together as one and lobbied the FA and the Football League to get everything in order.
Make Membership of the the FL come with a number of OBLIGATIONS in terms of securing finance. For example, any investor can put whatever they want into the clubs, but that it HAS to be a gift to the club; they cannot lend money to spend above the club's means only to try to claim it back once things don't work out.
Yes, that's the way business works, but isn't this football?
More should be done to redress the balance of the rest of football against the top 6. The TV wealth should be shared more evenly; a pre-requisite of any TV deal is that SKY (and other media outlets) stop painting the f-in picture that there are only 6 teams in English football recognising the 100+ other clubs that exist with their own fan base.
And what if the top 6 don't like it? Let them leave. Form the European Money League and let the rest of football get on with playing football.
If true, I am, so, so sad for Cov fans - a great fan base in my experience and Highfield Road was always a giggle. 1987 was a great FA Cup final.
The Football League should hold their head in shame for this one.
RIP, Coventry City...  |  |
| |
| Coventry go into liquidation?? on 10:57 - Aug 2 with 4499 views | Northernr |
| Coventry go into liquidation?? on 10:47 - Aug 2 by QPRDave |
This can't be right surely, they're sharing northamptons ground aren't they? |
Lol, with the 200 season ticket holders. Very sustainable. |  | | |
| Coventry go into liquidation?? on 11:02 - Aug 2 with 4471 views | Gloucs_R |
Complete mess. Feel sorry for the fans but they will rise again and no doubt have a laugh in the lower leagues like Wimbledon, Newport and Chester have done / are doing. |  |
| |
| Coventry go into liquidation?? on 11:02 - Aug 2 with 4468 views | N12Hoop |
| Coventry go into liquidation?? on 10:57 - Aug 2 by davman |
If true, then please don't anyone come on with 'its their own fault' or 'so what'. We all know that we, as fans cannot stop owners of clubs ruining them. Its about time football supporters got together as one and lobbied the FA and the Football League to get everything in order.
Make Membership of the the FL come with a number of OBLIGATIONS in terms of securing finance. For example, any investor can put whatever they want into the clubs, but that it HAS to be a gift to the club; they cannot lend money to spend above the club's means only to try to claim it back once things don't work out.
Yes, that's the way business works, but isn't this football?
More should be done to redress the balance of the rest of football against the top 6. The TV wealth should be shared more evenly; a pre-requisite of any TV deal is that SKY (and other media outlets) stop painting the f-in picture that there are only 6 teams in English football recognising the 100+ other clubs that exist with their own fan base.
And what if the top 6 don't like it? Let them leave. Form the European Money League and let the rest of football get on with playing football.
If true, I am, so, so sad for Cov fans - a great fan base in my experience and Highfield Road was always a giggle. 1987 was a great FA Cup final.
The Football League should hold their head in shame for this one.
RIP, Coventry City... |
Agree with your sentiments generally, but since it's Coventry I did have a little chuckle (as I would if it were Norwich, Scum, Spurs or Arse). |  |
| |
| Coventry go into liquidation?? on 11:06 - Aug 2 with 4441 views | davman |
| Coventry go into liquidation?? on 11:02 - Aug 2 by N12Hoop |
Agree with your sentiments generally, but since it's Coventry I did have a little chuckle (as I would if it were Norwich, Scum, Spurs or Arse). |
OK, Scum, Palace, Lootown, Naarch, Sjoke maybe; Cov are hamless though, aren't they??? | |
| |
Login to get fewer ads
| Coventry go into liquidation?? on 11:08 - Aug 2 with 4425 views | Jamie |
Meanwhile 6 threads down people are discussing the 40k Air Asia Stadium that we will be tenants at..., |  | | |
| Coventry go into liquidation?? on 11:08 - Aug 2 with 4426 views | Bluce_Ree |
I agree with what you are saying Dav but equally you can be an owner trying to do things the right way and the fans will get on your back.
Look at Palace, they've not really bought anyone because they want to invest in the ground and therefore secure their future maybe at the cost of this season, rather than 'doing a QPR' and spunking away a ton of cash. The fans are livid. |  |
| Stefan Moore, Stefan Moore running down the wing. Stefan Moore, Stefan Moore running down the wing. He runs like a cheetah, his crosses couldn't be sweeter. Stefan Moore. Stefan Moore. Stefan Moore. |
| |
| Coventry go into liquidation?? on 11:10 - Aug 2 with 4408 views | JonDoeman |
â€@iainmacintosh 14m
While everyone else is wetting themselves about the lack of multi-million pound signings, Coventry City appear to have been liquidated. Shit |  |
| |
| Coventry go into liquidation?? on 11:11 - Aug 2 with 4400 views | QPRDave |
Well it seems the club itself is still going on, yeah i can see as northern says not very sustainable but surely their fans would rather play at northampton than go out of existence | | | |
| Coventry go into liquidation?? on 11:13 - Aug 2 with 4382 views | Bluce_Ree |
| Coventry go into liquidation?? on 11:11 - Aug 2 by QPRDave |
Well it seems the club itself is still going on, yeah i can see as northern says not very sustainable but surely their fans would rather play at northampton than go out of existence |
200 season ticket sales say no. | |
| Stefan Moore, Stefan Moore running down the wing. Stefan Moore, Stefan Moore running down the wing. He runs like a cheetah, his crosses couldn't be sweeter. Stefan Moore. Stefan Moore. Stefan Moore. |
| |
| Coventry go into liquidation?? on 11:13 - Aug 2 with 4382 views | qprewan |
| Coventry go into liquidation?? on 10:57 - Aug 2 by davman |
If true, then please don't anyone come on with 'its their own fault' or 'so what'. We all know that we, as fans cannot stop owners of clubs ruining them. Its about time football supporters got together as one and lobbied the FA and the Football League to get everything in order.
Make Membership of the the FL come with a number of OBLIGATIONS in terms of securing finance. For example, any investor can put whatever they want into the clubs, but that it HAS to be a gift to the club; they cannot lend money to spend above the club's means only to try to claim it back once things don't work out.
Yes, that's the way business works, but isn't this football?
More should be done to redress the balance of the rest of football against the top 6. The TV wealth should be shared more evenly; a pre-requisite of any TV deal is that SKY (and other media outlets) stop painting the f-in picture that there are only 6 teams in English football recognising the 100+ other clubs that exist with their own fan base.
And what if the top 6 don't like it? Let them leave. Form the European Money League and let the rest of football get on with playing football.
If true, I am, so, so sad for Cov fans - a great fan base in my experience and Highfield Road was always a giggle. 1987 was a great FA Cup final.
The Football League should hold their head in shame for this one.
RIP, Coventry City... |
Very well written and completely right, there is no place for cheap comments- could well have been us a number of times- a tragedy for a city the size of Cov- all at a time when the Premiership is awash with money. | | | |
| Coventry go into liquidation?? on 11:14 - Aug 2 with 4380 views | QPRDave |
| Coventry go into liquidation?? on 11:08 - Aug 2 by Jamie |
Meanwhile 6 threads down people are discussing the 40k Air Asia Stadium that we will be tenants at..., |
 | | | |
| Coventry go into liquidation?? on 11:15 - Aug 2 with 4361 views | SuffolkHoop |
The owners of the Ricoh Arena are trying to take Northampton Town to court for £2.5m now, which seems pretty disgraceful to me...
----
Coventry City stadium owners suing Northampton Town in High Court
The owners of Coventry City’s Ricoh Arena are suing Northampton Town for damages in the High Court.
The Cobblers received a letter from Arena Coventry Limited (ACL) earlier this month, threatening legal action over the Sky Blues’ plans to play in Northampton for at least the next three seasons.
And ACL confirmed to the Chron today that it has now served High Court papers on the Cobblers, which the club has 14 days to respond to.
Cobblers chairman David Cardoza said the club’s position was the same as earlier in the month, when he said the action was “without any legal merit.”
ACL says it has a 25-year lease with Coventry City for them to play at the Ricoh, and the Cobblers are “inducing” the Sky Blues to play their home games at Sixfields.
The Cobblers say they have not entered an agreement with Coventry City Football Club Ltd, but have instead negotiated a deal with potential buyers of the Sky Blues.
ACL’s lawyer, James Powell, said: “We are taking this very seriously. It is with some regret that we have had to take this action, but as we didn’t get a clear and substantive response to the first letter, then we have to do something about it.
“If Northampton recognise their position, then I am sure it can be resolved.
“There is a contract in place which says Coventry City are contractually bound to play at the Ricoh Arena.
“Northampton Town have come along and entered into an agreement with a third party, which is effectively inducing Coventry City away from the Ricoh Arena to play in Northampton.
“We think there is a liability for a substantial sum of money from these actions.”
Mr Powell said the Cobblers have 14 days to respond to the summons, and 14 further days to file their case.
Speaking to the Chron this afternoon, Cobblers chairman David Cardoza said: “Our position has not changed, and it is being dealt with by our solicitors.”
The previous statement released to the Chron from the club said: “Northampton Town Football Club confirms that Arena Coventry Limited (ACL) has threatened the club with legal action in respect of Coventry City FC playing at Sixfields Stadium.
“The club was approached by Coventry City to play at Sixfields, so that Coventry City could fulfil its fixtures. The Football League has endorsed this arrangement.
“The threatened action by ACL is without any legal merit and is not conducive to the greater good of the game. Northampton Town Football Club will not be bullied or threatened.”
The Coventry Telegraph has reported how ACL has also offered to dramatically lower its rent demands to keep the Sky Blues at the Ricoh.
ACL has tabled a new ten-year rent offer as a condition for signing a Company Voluntary Arrangement (CVA) to bring the club out of administration.
The Telegraph reports that the new rental offer is £150,000-a-year while the club remains in League One - down from £1.3million-a-year.
http://www.northamptonchron.co.uk/news/local/coventry-city-stadium-owners-suing-
[Post edited 2 Aug 2013 11:21]
| | | |
| Coventry go into liquidation?? on 11:18 - Aug 2 with 4331 views | simmo |
So doesnt this mean disappear altogether? Not exist at all?
Or is it more like a Portsmouth slip down the leagues scenario but remain a club operating at a non league type level?
The latter would suck for real fans but wouldnt be too bad |  |
| ask Beavis I get nothing Butthead |
| |
| Coventry go into liquidation?? on 11:20 - Aug 2 with 4314 views | Jigsore |
They're still playing this season though? |  |
| “The thing about football - the important thing about football - is that it is not just about football.†|
| |
| Coventry go into liquidation?? on 11:20 - Aug 2 with 4313 views | QPRDave |
| Coventry go into liquidation?? on 11:13 - Aug 2 by Bluce_Ree |
200 season ticket sales say no. |
Yeah ..good point | | | |
| Coventry go into liquidation?? on 11:20 - Aug 2 with 4311 views | Metallica_Hoop |
| Coventry go into liquidation?? on 11:18 - Aug 2 by simmo |
So doesnt this mean disappear altogether? Not exist at all?
Or is it more like a Portsmouth slip down the leagues scenario but remain a club operating at a non league type level?
The latter would suck for real fans but wouldnt be too bad |
I was wondering that. Glasgow Rangers? |  |
| Beer and Beef has made us what we are - The Prince Regent |
| |
| Coventry go into liquidation?? on 11:29 - Aug 2 with 4260 views | Juzzie |
With probably a couple of exceptions, I don't want to see any club go bust but this has been coming for a while now.
Football clubs seem to get away with huge debts that if a mere mortal business they'd have been wound up long ago. It seems that banks, debtors etc have finally had enough especially when they see money is there but just going on stupidly insane player wages. The top players in the lower divisions still earn good money. |  | | |
| Coventry go into liquidation?? on 11:31 - Aug 2 with 4250 views | Buck_Chilly |
Chester City FC were liquidated a few years back I seem to remember, but they're back as Chester FC, albeit in a much lower division. Perhaps Coventry City will drop the City and reform in the doldrums of British football.
I never liked them but it's always a shame to see clubs vanish. |  | | |
| Coventry go into liquidation?? on 11:35 - Aug 2 with 4226 views | daveB |
I don't quite get why they didn't take the offer from the stadium to play rent free, i know they would miss out on the money from food & drink but that would have been better than nothing.
I'll be honest I've always hated Coventry but really hope they get out of this, the football league really need to do more |  | | |
| Coventry go into liquidation?? on 11:35 - Aug 2 with 4220 views | stan4england |
Whatever happens, they won't disappear. You watch - there are thousands of 'closet' Cov fans out there and they will do a Wimbledon. We will watch them, hopefully, and with a modest investment, rise back to the football league in a much better state at a different location.
OR
Cov Council will watch the owners of the Ricoh go belly up on the Ricoh venture at least, buy the ground, lease it back to new owners of Cov at a manageable price and we will be back again.
The problem is around timing. For this to work at the Ricoh, Cov has to be a League One club and so this all has to happen in days rather than months or years. Maybe someone has a plan? | | | |
| Coventry go into liquidation?? on 11:36 - Aug 2 with 4212 views | Bluce_Ree |
Is there a bit of sensationalism going on here? Liquidation suggests that it's all over for the club. All assets to be sold. That's the end.
But apparently they'll still play albeit with a crippling points penalty no doubt. | |
| Stefan Moore, Stefan Moore running down the wing. Stefan Moore, Stefan Moore running down the wing. He runs like a cheetah, his crosses couldn't be sweeter. Stefan Moore. Stefan Moore. Stefan Moore. |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
