Coventry handed 10-point penalty over stadium row

 

Coventry City have accepted a 10-point deduction from the Football League after parent company Coventry City Ltd agreed to go into liquidation following the rejection of a Company Voluntary Agreement (CVA) by the owners of the Ricoh Arena.

Arena Coventry Limited's decision to turn down a proposal that would have meant the club return to the Ricoh Arena on a greatly reduced rent with a 10-year lease has left supporters fearing that this could be the beginning of the end.

With the prospect of a 70-mile round trip to Northampton Town's Sixfields Stadium for home games this season, 215 season tickets have been sold before today's opener at Crawley Town.

"It's a deplorable situation but this has been coming," said Jonathan Strange, who resigned as chairman of the London Supporters Club after other members voted to boycott home games this season.

"The failure of the club and the council to sort this out has been shameful – to be in this position where we are now going to be penalised is incredible. I have no optimism about the immediate future."

Over 30,000 Sky Blues fans were at the first leg of the Johnstone's Paint Trophy northern area final against Crewe Alexandra in February. Hedge fund Sisu have invested £45m since taking control of the club in 2008 but many supporters now feel betrayed by their decision to abandon the Ricoh.

ACL have urged the administrators to come back with another proposed CVA and Strange added: "We need to have an independent organisation running the stadium with the skills to promote it as the top-class venue it is.

"The time has come for people to see beyond the end of their noses. We have to think that even with a points deduction we are able to survive but the transfer embargo will make it very difficult."

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific
In this the person to restore our trust in the banks?

In this the person to restore our trust in the banks?

Dame Colette Bowe - interview
When do the creative juices dry up?

When do the creative juices dry up?

David Lodge thinks he knows
The 'Cher moment' happening across fashion just now

Fashion's Cher moment

Ageing beauty will always be more classy than all that booty
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination

Health fears over school cancer jab

Shock new Freedom of Information figures show how thousands of girls have suffered serious symptoms after routine HPV injection
Fifa President Sepp Blatter warns his opponents: 'I forgive everyone, but I don't forget'

'I forgive everyone, but I don't forget'

Fifa president Sepp Blatter issues defiant warning to opponents
Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report

Weather warning

Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report
LSD: Speaking to volunteer users of the drug as trials get underway to see if it cures depression and addiction

High hopes for LSD

Meet the volunteer users helping to see if it cures depression and addiction
German soldier who died fighting for UK in Battle of Waterloo should be removed from museum display and given dignified funeral, say historians

Saving Private Brandt

A Belgian museum's display of the skeleton of a soldier killed at Waterloo prompts calls for him to be given a dignified funeral