BusinessBusiness RecoveryConventry FC on brink of administration

Conventry FC on brink of administration

Coventry City FC just hours away from entering administration unless former player Ray Ranson buys the club

Football club Coventry City will have to enter administration if a deal is
not struck this afternoon with potential buyers.

The £38m-indebted club has until 1600 to prove it is solvent.

Former player Ray Ranson is viewed as the main hope for the club, leading a
bid to take control,
according
to reports
.

Entering administration would see the club docked ten points for this season.

Further reading:

Luton Town FC enters
administration

Overview: Luton Town’s former FD
under investigation

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