UK time is: 19:37:07
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

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.
wolstc
 

Have Your Say

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

Recent Coventry City Articles

Wanderers Test for Sky Blues (Monday September 1 2014)

Stats: Swindon Town v Coventry City (Monday September 1 2014)

Previously...At The Ricoh (Part One) (Sunday August 31 2014)

Hard Fought Point for City (Saturday August 30 2014)

Can City Take 3 Points Back Home? (Thursday August 28 2014)

CCFC: Under-21's Impress (Monday August 25 2014)

Weekend Reaction: Pressley on Point (Sunday August 24 2014)

Stats: MK Dons v Coventry City (Saturday August 23 2014)

Archived Coventry City Articles

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

League Results (view all)

Latest Results
Swindon 1 - 1 Coventry
MK Dons 0 - 0 Coventry
Bradford 3 - 2 Coventry
Coventry 2 - 2 Barnsley
Coventry 1 - 0 Sheff Utd

League Table (view table)

Team P W D L GD Pts
12. Sheff Utd 5 2 1 2 0 7
13. Gillingham 5 2 1 2 -1 7
14. Leyton Orient 5 1 3 1 1 6
15. Coventry 5 1 3 1 0 6
16. Crawley 5 2 0 3 -3 6
17. Oldham 5 1 2 2 -1 5
18. Port Vale 5 1 2 2 -1 5

Breaking League News

Beavon Released
Preston : 01/09/2014 18:48:00
City Worthy Winners According To The Boss
Bristol City : 01/09/2014 18:21:00
Donnelly Leaves For Tranmere
Rochdale : 01/09/2014 18:11:00
Johnson - The JPT Is A Priority
Oldham : 01/09/2014 18:08:00
Alexander Hoping For JPT Progression
Fleetwood : 01/09/2014 18:01:00

Current Site Poll (view all polls)

Which Away Trip Are You Looking Forward To The Most?
Suggested By:  Editor
Barnsley 8%
Chesterfield 4%
Doncaster Rovers 1%
Fleetwood Town 13%
MK Dons 44%
Notts County 1%
Preston North End 1%
Rochdale 3%
Sheffield United 3%
Other 22%