Administration Would Be Disappointing - Dulieu

Last updated : 03 December 2011 By Covsupport News Service

Ken Dulieu has said it would be very disappointing if Coventry City were to be placed into administration.

Whilst many City supporters feel that this would be the way forward for the club, getting rid of those creditors from the past who are holding the club back and making it a more attractive proposition for anyone wishing to buy the club, some creditors are still understood to be insisting on getting their pound of flesh along with SISU who will not want to tell their investors that their £30m investment has come to nothing.

Speaking to the CT, Ken Dulieu said after announcing his resignation as Chairman Of Coventry City: "The business has been losing between £7-£10m a year here and now we're on the road to recovery.

"Our players are worth more than they were last year, the average age if the squad has come down to about 23 and we have got a lot more youngsters coming through, so logically why would the club go into administration?

"It would be hugely disappointing if that happened but I could not guarantee if we were sitting here with Barclays that they wouldn't pull the plug on the business or any other business in the economic times we are enduring at the moment."