Coventry City - 108.6m? City success not worth any price
UK time is: 02:25:46
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

108.6m? City success not worth any price

Portsmouth will contest the FA Cup final in a few weeks having started out on their road to Wembley with a late, late escape in the 3rd Round against Coventry City.

Despite relegation, Pompey fans will be ending the season with a great day out while Sky Blues' fans will be watching on the television after another campaign of few bright spots at the Ricoh Arena.

On Tuesday, Vital Coventry looked at this week's budget meeting between Chris Coleman and chairman Ray Ranson, one which is unlikely to see a massive outlay on players being sanctioned over the summer.

And yet despite the huge frustrations that the past couple of seasons have contained, Wednesday's news regarding Portsmouth brings it into some kind of perspective.

A letter from the club's administrators to the creditors owed money spells out a level of debt that is a barely-believable 108.6m.

While the players will enjoy their moment in the Wembley sunshine, safe in the knowledge that they are secured creditors and will be paid their due in full, 17.1m is owed to the taxman, i.e taxpayers and the country at large.

Further down the list and it is the likes of the St John Ambulance, Highbury Hawks Youth FC and a host of local and national businesses who will be left to accept either a fraction of what they are owed or nothing at all.

Coventry City, despite some testing times have never gone into administration and must strive never to do so, while all the time looking to become a flagship of the community.

The club will still be in the Championship next season and although thrills and spills are looking unlikely at this stage, at least there is still a club there to be proud of.

Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!

Click here to join in the debate on the club forum.

The Journalist

Writer: CCFC Mail feedback, articles or suggestions

Date:Wednesday April 21 2010

Time: 7:14PM

Your Comments (oldest first)

Change to most recent first
it just seems that Pompey have got out of jail and left a trail of debt while clubs who don't cheat pay the price for overspends.
Report Abuse
26/04/2010 14:39:00


Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Coventry City Articles

League One Preview: Top Two Clash (Friday October 9 2015)

Coventry Fans Paid £14.08 per game? (Thursday October 8 2015)

Sky Blues: An ITV Digital Double! (Wednesday October 7 2015)

City Can Move On Quickly From JPT Exit (Wednesday October 7 2015)

Penalty Exit For Coventry City In JPT (Tuesday October 6 2015)

Archived Coventry City Articles

List All Vital Coventry Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. houchen 7

League Results (view all)

League Table (view table)

Team P W D L GD Pts
2. Walsall 11 6 4 1 10 22
3. Bury 11 6 4 1 6 22
4. Gillingham 11 6 3 2 10 21
5. Coventry 10 6 1 3 9 19
6. Rochdale 11 5 2 4 3 17
7. Sheff Utd 11 5 2 4 2 17
8. Port Vale 11 4 4 3 2 16

Coventry City Fixtures (view all)

Breaking League News

Early Team News - Bury v Latics
Wigan : 09/10/2015 23:35:01
What The Boss Says - Bury v Latics - Big Game Build Up
Wigan : 09/10/2015 23:06:00
Latics Settle Power Bill
Wigan : 09/10/2015 21:51:00
Davis returns to former club
Crewe : 09/10/2015 21:39:00
Jordy Hiwula Voted Vital Latics Man Of The Match v Crewe
Wigan : 09/10/2015 20:43:00

Current Site Poll (view all polls)

Which 'New' Away Game Are You Looking Forward To?
Suggested By:  Editor
Blackpool 22%
Burton Albion 36%
Bury 4%
Millwall 15%
Shrewsbury Town 4%
Southend United 6%
Wigan Athletic 13%