Q&A With Schalke's Alexander Jobst Premiership Rugby, Land Rover Renew Stadium Goods Tapping Into China West Indies, India Lead Push Into U.S. Titans See Boost In Crowd Numbers Jim White To Replace Colin Murray McIlroy Not Rushing Equipment Decision Everbright Confirms Liverpool Proposal WestPac Stadium To Be Blacked Out Hull City Sale In 'Hands' Of EPL
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/February 18, 2013/Franchises
Stadium Owners Seize Income Of League One Coventry City To Recover $2M In Unpaid Rent
Published February 18, 2013
NOT WINDING THEM UP: The BBC reported the ACL board underlined that "it is not a winding-up order on the Sky Blues." The club was "initially given until Boxing Day to pay up, or face a winding-up petition, a deadline that was then extended" until Jan. 2, since when the two parties "have been in negotiations" (BBC, 2/15). The PA reported in light of the latest developments, Coventry has made its first official comment. A statement on the club's website read: "Despite the recent campaign by ACL to force the football club into a deal that would be completely disadvantageous, Coventry City Football Club remains committed to work through to the conclusion of a deal that is acceptable to both parties." The statement continued: "This deal must take into consideration matchday revenues to support the need for a squad, which is strong and competitive and yet still complies with Financial Fair Play and salary cap rules" (PA, 2/16).