League One side Coventry City says it faces liquidation. The 1987 FA Cup winners could begin tomorrow's season with a 15-point penalty after the stadium's owners refused to sign a deal that would have allowed the club to exit administration.
Coventry City are heading towards liquidation after the owners of the Ricoh Arena, Arena Coventry Limited (ACL), rejected proposals that would of brought the club out of administration.
ACL rejected the chance to sign a Company Voluntary Agreement drawn up by the club's administrator.
If the agreement had been agreed, Coventry City owners Sisu would have paid a reduced rent fee of £590,000 instead of the full £1.3 million - allowing the club to exit administration.
The Football League could also impose a 15-point penalty reduction on the club, who begin their League One campaign tomorrow.
A meeting to decide the future of the club ended in 10 minutes this morning, according to local media.
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