Date: 31st July 2007 at 12:57pm
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Coventry City managing director Paul Fletcher has raised the prospect of the club going into administration as the proposed takeover hits the buffers.

Calling on Coventry city council to do a deal for its share of the Ricoh Arena with prospective buyers Manhattan Sports Capital Partners he told the Telegraph: ‘We are at a very important moment in Coventry City’s history and until we have some like-minded people sat round the table who are going to say, ‘right, how can we get a stable football club?’ we have got problems.’

 

3 Replies to “City send out an SOS”

  • How long have we got? The basic problem at the moment is the club do not own the Ricoh Arena so revenues from concerts, food, parking etc doesn’t go to them but to the owners (the council owns 50%) meaning new investors are being put off…but without the council the ground may not have been built in the first place.

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