The Club Is Not Under Threat

Last updated : 21 March 2013 By Covsupport News Service

Coventry City Football Club (Holding) have  issued a statement following the placing of a subsiduary company into administration.

A spokeman is being reported as saying: "A non operating subsiduary of the club was placed into administration today.

"It is important to stress that the football club itself is not under threat.

"This is merely a property subsiduary which owns no material assets and has no employees, on or off the pitch.

"All staff wages, PAYE and other creditor commitments are continuing to be met as before by Coventry City Football Club Holdings.

“Unlike other instances of clubs being taken either wholly or partially into administration, there are no HMRC or VAT implications and the Football Club will continue to trade as normal without interruption.

“Our main objective now is to remain competitive on the pitch and give Steven Pressley and the playing staff our full backing and commitment.”

.