Coventry City have issued a statement following the questions raised by MP Bob Ainsworth's letter to Companies House.
The club have said in a statement: “The course of the negotiations (over Ricoh Arena rent, revenues and ownership) which ACL (Arena Coventry Limited) terminated on 22 February and the subsequent administration process quite naturally delayed the filing of the accounts of the companies connected with the football club.
“Indeed, shortly after ACL broke off negotiations, their chairman Nicholas Carter took the highly unusual step of contacting the club’s auditors to dissuade them from signing off the accounts.
“As is well known, the corporate structure of the football club and the basis on which the accounts were prepared were put in place in 1995 by the club’s previous owners.
“We assume that ACL were thoroughly familiar with these matters, since they employed the club’s former finance director, John Street. Mr Street had spent 13 years working in senior finance roles at the football club prior to joining ACL.”
More on this: http://www.coventrytelegraph.net/news/coventry-news/coventry-city-owners-file-late-6162353