SISI run Otium Entertainment Group have been award the Coventry CIty Football Club Ltd bid.
In a press release, Paul Appleton said: Following a stringent sale process, I can confirm a bid has now been accepted from Otium Entertainment Group Limited.
“This offer allows me to achieve the purpose of the Administration and, following discussions with the Football League, I am hopeful a completion of the sale can be achieved as swiftly as possible.
“I realise and appreciate the end result of the sale process will not necessarily be welcomed by a large number of Coventry City fans.
“However, the bid from Otium Entertainment Group Limited was substantially more than any of the other three bids received and was the bid which gave the greatest return to the unsecured, non-connected creditors of CCFC Limited by a considerable margin.”
m/board body
AliasDateOther
ThumbnailGradingCirculationMatchStatsAppear where?
Front pageNewsletterNewsnowBoard