Coventry Issued with Debt Orders from Ricoh Arena Owners
February 15, 2013
Coventry City has been served with debt orders from the owners of their home ground, the Ricoh Arena which could see the stadium recouping rent arrears by May.
Arena Coventry Ltd (ACL) have issued the notice which would entitle them to recover the £1.3m owed in rent, by collecting monies owed to the club by other companies and third parties.
That could include compensation due to the League One side from Huddersfield Town, for manager Mark Robbins, who joined Town earlier this week.
Nicholas Carter, chairman of Arena Coventry Ltd, said: “We don’t want to have to resort to such means but if the club won’t agree to the very generous deal on the table and pay what it lawfully owes, we have a duty to protect our interests.
“If the club directors can’t, or won’t, follow through on an agreement they participated in creating then we suggest the time has come to offer ownership of CCFC to an outside buyer.
“Make no mistake, now is the time for SISU to pay up or sell up and get out of Coventry.”
Previous talks aimed at reducing the annual levy on the stadium, which amounted to £1.2m, collapsed.