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City Respond To Lucas Letter

30 Jul 2013 11:00:32

City Respond To Lucas Letter

Delighted To Meet Say Club

Coventry City have officially responded to the open letter sent by Coventry City Council Leader Ann Lucas to SISU Capital Ltd boss Joy Seppala.

The club have responded as follows:

"Joy Seppala would of course be delighted to meet with Ann Lucas.

 "Indeed, Joy and the directors of the football club were disappointed that neither Ann nor her deputy (Coun Phil Townshend) attended the important meeting with her last week - and instead left it to directors of ACL who admitted that they did not have the authority to take some of the key decisions needed to bring about a resolution.

"However, we are encouraged that Ann herself is now willing to get personally involved. Rather than grandstanding through the media, we have held private meetings with the current council leadership at which we have made it clear that they must take control of the situation.

"We see no reason why the CVA cannot be accepted as soon as possible so that the club can exit administration and focus on winning its upcoming matches.

"Accepting the CVA will also enable ACL to recover a substantial sum of money.

"If ACL wish to reject the CVA, they will be forcing the club into liquidation, under which they will recover no money and expose the club to the risk of a severe points deduction.

"Whether ACL intends to accept the CVA or force the club into liquidation, they should make that decision now.

"Continued delaying and stalling just leaves the club in limbo, unable to build up the squad, which is unfair on Steven Pressley, the players and the fans.

"Finally, some people have made bizarre claims that liquidation is necessary in order to force an investigation.

"An investigation by the administrator is of course already in progress and does not require liquidation in order to continue.

"In addition to that investigation, we would welcome a thorough investigation into the affairs of the club, the council and ACL since 2003 which lie at the root of the current dispute.

"Accepting the CVA need not prevent such an investigation taking place."

More on this; http://www.coventrytelegraph.net/news/coventry-news/sky-blues-boss-joy-seppala-5383047?

Source: Coventry MAD


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