The solicitor acting for Arena Coventry Limited has explained why they are suing Northampton Town.
Speaking to the Coventry Telegraph's Les Reid, James Powell, of Walker Morris, said: “This is a straightforward and bog-standard area of contract law. There is a contract between ACL and the football club.
“ACL entered into that contract on the basis it was doing a deal with the organisation that owns Coventry City Football Club.
“The contract is still in place, even though the club is in administration. There is no doubt in anybody’s mind the football club is based on the League ‘golden share’ (suspended while in administration).
“We understand it appears a ‘deal’ has been done between Northampton Town Football Club and an organisation purporting to act on behalf of Coventry City Football Club. There are question marks that Otium are not the football club at this stage.
“Northampton Town are doing it because they are going to have financial gain and are effectively complicit in procuring that Coventry City Football Club break and breach the deal it currently has with ACL.
“Our contract is still running. The obligation to Coventry City Football Club at this stage is to play at the Ricoh Arena.
“The term of the lease is 25 years, and the term of the licence is 48 years and six months. Any damages are potentially substantial.”
More on this; http://www.coventrytelegraph.net/news/coventry-news/ricoh-arena-sue-northampton-town-5074046
Source: Coventry MAD
Source: FOOTYMAD
