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City Have Their Bank Accounts Frozen
Published : 15 Feb 2013 13:38:49
Things Get Worse For City
According to the Coventry Telegraph's Les Reid, Coventry City FC have had their bank accounts frozen.
The order comes as part of the action being taken by Arena Coventry Limited and affects money coming in from the Council and Huddersfield Town FC as part of the deal to take Mark Robins.
The Banks have seven days to reveal how much money is in the Sky Blues bank account but no money will go to Arena Coventry Limited before a court case on May 2nd.
This follows a claim from the Ricoh stadium management company that their last offer to City would reduce rent package from £1.2m to 'net' £150k.
More on this: http://www.coventrytelegraph.net/coventry-city-fc/coventry-city-fc-news/2013/02/15/updated-ricoh-arena-owners-seize-coventry-city-s-income-92746-32816252/
Source: Coventry MAD