THE Sky Blues could be heading for a ten-point league deduction this season after Ricoh stadium bosses today sought to drop their High Court action.Arena Coventry Ltd lawyers asked Mrs Justice Proudman at London's High Court this morning to dismiss ACL's application for an administration order against Coventry City Football Club Ltd.It means ACL accepts that Paul Appleton, the administrator appointed last Thursday by Sky Blues hedge fund owners Sisu/Arvo should remain, rather than another administrator ACL had preferred.But ACL lawyer James Powell told the Telegraph the stadium firm - owned by Coventry City Council and the Alan Edward Higgs Charity - would keep a keen eye on the club's administrator to ensure it discharged its duties correctly.He argued that would include looking favourably on any prospective purchaser to take over the football club to bring "stability", and ensure its future, free from any liquidation threat.Mr Powell denied ending ACL's attempt to have its chosen alternative administrator appointed to run CCFC Ltd handed the whiphand to SISU boss Joy Sepalla and its Cayman Island-based linked Arvo Master Fund - as the club's main creditor believed to be owed over £50million by the club.He said the High Court adjournment ACL was granted on Friday had enabled confirmation that the Sky Blues' crucial "golden shares" with the Football League and Football Association rested with CCFC Ltd, the company now in administration.He claimed it confirmed the golden shares were not with the club's trading arm Coventry City Football Club (Holdings) Ltd, as the club appears to claim.Mr Powell, speaking outside the court after this morning's adjournment until 2pm today, said ACL will claim it means the whole club is already in administration beyond any dispute.If the League agrees following today's hearing being dismissed, as expected, it could mean a ten-point league deduction sooner not later - ruining the club's remote prospects of promotion from League One this season.Mr Powell said: "We had a letter from Football League confirming share is with Coventry City FC Ltd. The FA also confirmed the FA share is with Coventry City FC Ltd.
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