MP Calls For Administrator To Stand Down

19 July 2013 11:10
Ainsworth Adds More Fuel To The Fire

Coventry MP Bob Ainsworth has called for CCFC Ltd Administrator Paul Appleton to stand down.

In his fourth and fifth House Of Commons motion, Bob Ainsworth tabled the following words: 

“That this House notes that almost four months after his appointment, Paul Appleton of David Rubins and Partners LLP, the joint administrator for Coventry City Football Club Ltd, is still in discussions with BDO, its auditors, about the accounting procedures used by the company and has not yet used the powers available to him under the Insolvency Act 1986 to compel individuals and organisations to render information to him.

“Further notes therefore that he has not yet secured full knowledge of the company’s assets and whether any inappropriate devices have been used to facilitate its transfer to any other organisation.

Further notes that despite this he has sold the company without conditions to Otium Entertainment a connected party. 

“And calls on him to make a full disclosure of why he has acted as he has and to stand prepared to surrender his position as joint administrator to someone who, even at this late date, is prepared to use the powers provided in legislation.”

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Source: Coventry MAD