Sky Blues settle divident payments

Last Updated: Thu, 14 Aug 2014 16:45

Coventry have paid almost B£500,000 to main creditor Arena Coventry Limited as they move closer to a return to the Ricoh Arena.

The Sky Blues have been forced to play their home games at Northampton's Sixfields Stadium during an ongoing dispute with ACL over unpaid dividend payments from their period in administration last season.

However, that matter now looks to have been resolved, with a statement declaring: "Coventry City Football Club can confirm that they have today forwarded payment to the Football League as required following the decision of the board on the 7 August."

The Football League last week reduced the amount required from Coventry down from B£600,000 to B£471,192.

Chief executive Shaun Harvey said at the time: "This has been a complex and unwelcome disagreement within a wider, more significant dispute. By concluding this matter, we can now allow all parties to concentrate on the more important issue of getting Coventry City playing its matches back in Coventry at the earliest opportunity."

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