ACL Still Have Not Received Otium Payment

Last updated : 04 November 2013 By CJ

At the Sky Blue Trust open meeting tonight at The Squirrel in Coventry, it was revealed that Arena Coventry Limited had still not received the £590K they are owed by the Otium Entertainment Group as part of the monies owed following Otium taking over Coventry City Football Club Ltd.

The Trust were told by ACL in meetings with them and Coventry City Council: "We can not sell the stadium, can only discuss rent. The administration process was flawed so the CVA rejected. "We are due to received £590k from Otium but nothing has been received yet."

Arena Coventry Limited also admitted to the Trust: "We have to concentrate on the business. Casino is one of G's best sites. We don't need CCFC but want them. Arena Coventry Limited were due for an audit but it was cancelled due to the Ricoh Arena doing so well. "