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ACL Urge Appleton Not To Start The Liquidation Process

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03 Sep 2013 19:37:58

ACL Urge Appleton Not To Start The Liquidation Process

ACL Call For Re-Examiniation Into Administration Process

Arena Coventry Limited have urged Coventry City Football Club Limited Administratior Paul Appleton not to start the liquidation process.

The Administrator is to present his findings after an investigation into the CCFC directors and shadow directors to a Government Business Department on September 19th and then liquidate the CCFC Ltd company which is expected to take about ten days.

Arena Coventry Limited have told the Coventry Telegraph's Les Reid: “We urge Mr Appleton not to begin the liquidation process and instead re-examine the entire administration process before he makes any further decisions.

“The recent admissions by the Football League of very serious errors relating to the registering of assets, as well as the contents of documents released via the internet, relating to meetings of the club’s board of directors and whereabouts of the players’ contracts, highlight the need for Mr Appleton to consider his position carefully.

“While doing this, he does of course also have the option to consider a revised CVA offered under the existing administration process.”

 

Source: Coventry MAD


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