Sky Blues settle divident payments

Last Updated: Thu, 14 Aug 2014 16:45
Coventry%20City

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."

Have you an opinion on this story? Put your money where your mouth is and claim a free £25 bet.

Related news

Elokobi could make Latics return

Mon, 20 Oct 2014 15:04

Cook: Players not learning lessons

Sat, 18 Oct 2014 18:20

Robins rock on at the top

Sat, 18 Oct 2014 17:56

Fleck out for Coventry

Fri, 17 Oct 2014 08:13

Davis hopes Crewe are on the up

Sat, 11 Oct 2014 19:18

Alex claim much-needed win

Sat, 11 Oct 2014 17:16

Haber missing for Crewe

Fri, 10 Oct 2014 08:09

Sky Blues' Ricoh deal secure

Wed, 08 Oct 2014 11:51

Sky Blues stroll past Grecians

Tue, 07 Oct 2014 22:12

Pressley targets JPT success

Tue, 07 Oct 2014 13:36
 
© eatsleepsport.com 2010