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SBD Global/March 15, 2013/Franchises

Coventry City Face Threat Of Administration After Unpaid Rent Claim

Arena Coventry, which owns Ricoh Arena, has applied to the high court to "request it makes an administration order against Coventry City," relating to £1.3M ($2M) in unpaid rent on the stadium, according to James Riach of the London GUARDIAN. The company had been in talks with the club owners, Sisu, regarding the rent and match-day revenue at the ground until ACL ended negotiations on Feb. 22, "having offered a reduction in the annual rent at the stadium" from £1.3M to £400,000 ($600,5000). Coventry City CEO Tim Fisher said that unless negotiations restarted, then the Sky Blues "would have no choice but to file for administration." ACL has since applied for a case in the high court to be heard before March 27, "having not received any of the stadium rent since April last year." If Coventry go into administration, it faces a 10-point deduction from the Football League that would come into effect this season, "ending any hope of promotion via the League One play-offs" (GUARDIAN, 3/13).
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