City Issue Ricoh Rent Statement

Statement Issued

Coventry City have issued the following statement regarding today's news of action being taken against them by Arena Coventry Limited.

City have said in a statement; "Despite the recent campaign by ACL to force the football club into a deal that would be completely disadvantageous, Coventry City Football Club remains committed to work through to the conclusion of a deal that is acceptable to both parties.This deal must take into consideration match day revenues to support the need for a squad which is strong and competitive and yet still complies with Financial Fair Play and salary cap rules.Therefore, we again propose to invite a leading expert in football finance - such as Deloittes - to act as mediator and help drive through a deal which makes sense."

More on this: http://www.ccfc.co.uk/news/article/club-statement-150213-659735.aspx

Source: Coventry MAD