1. 12 updates

Coventry City faces liquidation

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.

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Football League 'dismayed' at continuing dispute

The Football League has said it is "dismayed" over the continuing disagreement between the the owners of the Ricoh Arena and Coventry City's administrators that has left the club on the brink of liquidation.

Earlier today, the owners of the Ricoh Arena, Arena Coventry Limited (ACL), rejected proposals drawn up by the club's adminstator that would of brought the club out of administration.

Coventry City are on the brink of liquidation. Credit: Nigel French/PA Wire

Football League Chairman, Greg Clarke said: "Once again, it is a source of immense frustration to everyone involved that the two parties in this dispute have failed to reach any agreement. The Board is dismayed at the level of intransigence being shown."

The association insisted that it would continue its efforts to get the parties to enter "meaningful negotiations" so that Coventry City can return to Coventry "at the earliest opportunity".

Read: Coventry City: FA Cup glory to liquidation

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Sky Blue Trust 'appalled' at prospect of liquidation

Coventry City supporters group, the Sky Blue Trust, have said they are "appalled" at the latest turn of events which has put the club on the brink of liquidation.

The group also attacked the Football League for their perceived failure to support the supporters of the club.

The Sky Blue Trust are appalled at the latest turn of events. Liquidation poses the most serious threat to the future of our Club.

Where today's liquidation leaves our club, we don't yet know.

The Football League have not issued a verdict yet, but it has consistently failed to make decisions that have taken into account the views of the supporters and the community that sustain our Club.

– Sky Blue Trust

Read: Former Coventry stars shocked by liquidation threat

Former Coventry stars shocked by liquidation threat

Coventry City's former Premier League stars Darren Huckerby and George Boateng expressed their shock at news that the club is on the brink of liquidation:

Coventry 'do not understand' stadium owner snub

Coventry City administrators said proposals by Ricoh Arena owners ACL that could lead to the club's liquidation "did not comply with the law":

I have noted ACL's statement released today with some interest.

Put simply, we do not understand the comments being made by ACL with regard to the ability to put forward new proposals.

As I said in my earlier statement, the proposals ACL required simply did not comply with the law. They were offered the chance to submit modifications, which DID comply with the law, yet for reasons best known to themselves, they chose not to do so.

The Company will now proceed according to our proposals made as Administrator that were accepted by the majority of creditors including ACL.

– PAUL APPLETON, JOINT ADMINISTRATOR FOR COVENTRY CITY FC LIMTED

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Coventry fear 15-point penalty due to liquidation

Coventry City have confirmed that Coventry City Football Club Ltd is likely to be liquidated:

It is with great regret that a proposed Company Voluntary Agreement (CVA) has been rejected by Arena Coventry Limited (ACL).

It means CCFC Ltd is likely to be put into liquidation which is expected to result in a points penalty for the club going into the new season.

The football club and the Alan Higgs Centre Trust accepted the administrator’s CVA, but the City Council, through ACL, have chosen to reject it – leading to possible liquidation and the risk of a 15-point deduction.

Read: Coventry City's financial crisis explained

Coventry City head towards liquidation

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 at the start of the club's League One campaign Credit: EMPICS Sport

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.

Coventry City: FA Cup glory to liquidation

Triumphant Coventry City captain Brian Kilcline holds the coveted FA Cup in 1987 Credit: Press Association Images

Known as the "team without stars", Coventry won the FA Cup for the first time in their history in 1987 following a thrilling 3-2 victory over Tottenham Hotspur.

The Sky Blues were in the Premier League up until their relegation in 2001.

They were relegated to the third tier of English Football in 2011 for the first time in 48 years.

Read: Coventry City go into liquidation

Read: Coventry City's financial crisis explained

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