Coventry facing liquidation

Coventry are heading towards liquidation after the owners of Ricoh Arena rejected a Company Voluntary Agreement (CVA) at a creditors’ meeting this morning.

Arena Coventry Limited (ACL), who have been embroiled in a bitter rent row with the Sky Blues which has resulted in them agreeing a groundshare with Northampton for the 2013-14 season, proposed some changes to administrator Paul Appleton’s original CVA on Tuesday.