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Board announce administration plan

Board announce administration plan

The Coventry City board have announced that they have 'filed in court notices of intent to go into administration.'

The statement adds however: 'This is merely a legal process protecting the bank and its creditors.

'It should speed up the takeover of the club and therefore take Coventry into a solvent financial situation.

'This legal notice gives Coventry City a 10 working day window to complete the takeover talks with Ray Ranson and SISU Capital, along with all other parties.'

Vital Coventry contributors failed all of their legal exams but contrary to the headlines being bandied about on Monday, the club have not gone into administration itself from which the 10-point penalty would come.

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Writer:CCFC
Date:Monday December 3 2007
Time: 2:18PM

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# Team P W D L Pts. GD
1 Scunthorpe 20 13 5 2 44 24
2 Bolton 20 12 4 4 40 12
3 Sheff Utd 20 11 5 4 38 12
4 Bradford 20 9 8 3 35 9
5 Rochdale 20 9 3 8 30 2
6 Peterborough 19 8 5 6 29 7
7 Wimbledon 20 7 8 5 29 6
8 Fleetwood 20 8 5 7 29 5
9 Millwall 19 8 4 7 28 1
10 Southend 20 7 7 6 28 -1
11 Charlton 19 6 9 4 27 7
12 Port Vale 20 7 6 7 27 -5
13 Bristol Rovers 20 7 6 7 27 -6
14 Oxford 20 7 5 8 26 0
15 Gillingham 20 7 5 8 26 -3
16 Walsall 20 6 8 6 26 -5
17 Northampton 20 6 6 8 24 0
18 Swindon 20 6 5 9 23 -7
19 MK Dons 20 5 6 9 21 -5
20 Bury 20 6 2 12 20 -10
21 Coventry 20 4 7 9 19 -8
22 Chesterfield 20 5 3 12 18 -10
23 Oldham 19 3 8 8 17 -10
24 Shrewsbury 20 3 6 11 15 -15
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