Breaking: Coventry City sale 'completed'

"I can confirm that the asset sale by Coventry City FC Limited to Otium Entertainment Group Limited has been completed.

Otium has purchased the right and title to certain assets possessed in Limited including the shares in the Football League and the Football Association. I stress that I have only been able to sell such right and title to these as Limited possesses because CCFC Holdings Ltd asserts beneficial ownership over them."