The League is owed £178.5m for the remaining two years of its contract with ITV Digital, who won the rights to broadcast league matches following a bid of £315m.
Deloitte’s Nick Dargan, administrator of ITV Digital, will report today in the High Court on the possibility of a settlement – if he is unable to offer hope of an agreement, it is likely ITV Digital will be liquidated.
The Football League is reportedly threatening to sue Carlton Communications and Granada, parent companies of the pay-tv broadcaster, for more than £500m if the administrators put ITV digital into liquidation – the League is seeking to discover how much the executives of the two media giants knew about the bidding for the media rights to matches in 2000.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children