Arena Coventry Limited Chairman Nicholas Carter has said that it is an unfortunate thing that they are taking action to place Coventry City into administration.
Speaking to the Coventry Telegraph's Les Reid, Mr Carter said; “It is highly unfortunate that we have had to take this course of legal action. Had we not taken this action, then the alternative might have been catastrophic for CCFC. “We are owed a considerable amount of money in rent arrears. While it is imperative that ACL takes action to recover these arrears and to stop the arrears growing, it is important for us to find a solution that can provide for the survival of the Sky Blues. “We are, of course, well aware that under the current Football League regulations, CCFC will face a points deduction and we will do everything we can to ensure that the case is heard by the High Court before the end of the current season. “While this opens up the possibility of a ten point deduction this season, the board believes this is better than leaving CCFC facing a much larger deduction at the start of next season.”Read More http://www.coventrytelegraph.net/coventry-city-fc/coventry-city-fc-news/2013/03/13/92746-32984785/#ixzz2NT7h3wVr
Source: Coventry MAD
Source: FOOTYMAD
