High Court to look into Coventry City finances

Even the arrival of the Olympics does not bring much financial cheer as the club does not own the Ricoh (Getty Images)

A High Court judge is next week due to analyse the finances of Coventry City after the owner of the stadium where the League One football club plays said it was owed rent.

Arena Coventry said earlier this month that it was owed more than £1.3 million and planned to ask a High Court judge to place the club into administration.

Lawyers representing Arena Coventry appeared at the High Court in London today to outline the latest state of play.

They said Arena Coventry bosses had been concerned by a statement made by the club earlier this week - and needed more time to consider their position.

A judge adjourned the hearing until Tuesday.

In the statement, a Coventry City spokesman had said that a "non-operating subsidiary" of the club had been placed into administration. He said the "football club itself" was not under threat and would continue to "trade as normal".

Eighth-placed Coventry tomorrow travel to bottom-of-the-table Portsmouth - a club placed into administration more than a year ago.

PA