SENIOR staff at Coventry City are understood to have been told by club chiefs that owners Sisu have plans in place to avoid being forced into administration tomorrow.
Sources close to the football club have revealed that chief executive Tim Fisher held a conference call with management at Ryton and the club’s Academy earlier this week to allay fears surrounding the immediate future of the Sky Blues.
The Telegraph understands that Mr Fisher branded Ricoh Arena bosses Arena Coventry Ltd’s move to bring the club to court for in excess of £1.3million in unpaid rent as “bullying” tactics – and dismissed speculation of any wealthy Americans waiting in the wings with a takeover bid.
It is understood staff were told that Sisu boss Joy Seppala is working on a plan to avoid a judge deciding that the club is insolvent and placing it in administration, one of the effects of which would be an immediate ten point deduction by the Football League that would scupper City’s chances of making the play-offs and the possibility of promotion.
One possible tactic for the Sisu lawyers would be to challenge to the original lease agreement and argue that it is illegal.
Even though that agreement was signed five years ago, a judge might grant an adjournment of the case which would give the club more time.
Another scenario would see Sisu pay some or all of the rent arrears at the last minute and re-open negotiations with ACL.
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