Rupret 223 Posted August 2, 2013 Share Posted August 2, 2013 Coventry City are facing a 15-point deduction after creditors rejected a deal over debts and left part of the club on the brink of liquidation.They are still set to start the League One season at Crawley on Saturday.Coventry City FC Ltd, went into administration in March following a rent-row with Arena Coventry Limited.It now faces liquidation after ACL, which runs the Ricoh Arena, rejected a Company Voluntary Agreement at a creditors' meeting on Friday.A club statement read: "It is with great regret that a proposed CVA has been rejected by ACL."It means CCFC Ltd is likely to be put into liquidation which is expected to result in a points penalty for the club going into the new season."The football club and the Alan Higgs Centre Trust accepted the administrator's CVA, but the City Council, through ACL, have chosen to reject it, leading to possible liquidation and the risk of a 15-point deduction."The club will hold urgent meetings with the Football League this afternoon to go through the next steps for the football club."http://www.bbc.co.uk...otball/23548760I never knew England only had a 15 point deduction for liquidation. I wonder if the SPFL will rush in a similar rule to save Hearts Killie etc. Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted August 2, 2013 Share Posted August 2, 2013 Shite isn't it!Talk of the share transfer being done today as well so they can start the season!Good luck to CCFC Quote Link to post Share on other sites More sharing options...
Marco Negri's Beard 1,423 Posted August 2, 2013 Share Posted August 2, 2013 Shame that.Sad to see them on the brink, still remember them in the top tier. Quote Link to post Share on other sites More sharing options...
scarkev 3,540 Posted August 2, 2013 Share Posted August 2, 2013 The difference in how their situation is being reported in comparison to ours tells you all you need to know about the media on this country! Quote Link to post Share on other sites More sharing options...
Rupret 223 Posted August 2, 2013 Author Share Posted August 2, 2013 Shame that.Sad to see them on the brink, still remember them in the top tier.Yeah Marco I can remember cheering them on against Spurs in some FA cup game in the Eighties Quote Link to post Share on other sites More sharing options...
scotty1976 1,671 Posted August 2, 2013 Share Posted August 2, 2013 All this does is highlight that our governing bodies' motivations are not the protection of their members and development and betterment of the game where it seems the English authorities are not motivated by self-empowerment and total blind bigotry and hatred.Hope Coventry get themselves sorted out sooner rather than later. Quote Link to post Share on other sites More sharing options...
rangersross 6,542 Posted August 2, 2013 Share Posted August 2, 2013 It's a shame our country's governing body isn't capable of replicating the professionalism invariably exhibited by their English counterparts. Much better to follow their lead in that regard than to simply rip-off their league structure and logo. Quote Link to post Share on other sites More sharing options...
Christchurch Rangers 1,229 Posted August 5, 2013 Share Posted August 5, 2013 aye poor old Coventryand did you see that the fan now fan owned Pompey got hammered by Oxford on saturday as wellthe league is littered with clubs who aimed high, over stretched and came crashing down Quote Link to post Share on other sites More sharing options...
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