Rule Nothing Out - Reid

Last updated : 02 August 2013 By Covsupport News Service

The Coventry Telegraph's Les Reid has said he is ruling nothing out ahead of the creditors meeting in London.

Liquidation for Coventry City Football Club Ltd is the most likely outcome of the meeting which is due to start at 10am and we need to point out that only the CCFC Ltd company will be liquidated, Coventry City will be still be playing matches, although they will probably start with a fifteen points deduction and any chance of the club staying in Coventry will be gone.

Mr Reid tweeted: "Liquidation 2moro likely as administrator seems determined for result. Can't go on past Monday - 14 days after 1st adjournment.

"At mo, likely #CCFC Ltd liquidated, 15pt deduction, golden share to Otium, games at Northampton. We'll see.

"We don't know who League will transfer share to. Looks like Otium unless drastic last min change. Rule nothing out."