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Several reports suggest that English club Coventry City have officially gone into liquidation following a failed CVA (Company Voluntary Arrangement) agreement to keep the club afloat.
The club, that plays in League 1 in England, was founded in 1883 as Singers FC and has a rich history, having won the FA Cup in 1987.
The club could face severe penalties, which include a 15-point deduction in the points tally in League 1. The club is supposed to play their first game tomorrow, August 2.
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Coventry City have been facing some serious problems in the recent past as the club owners refused to pay Arena Coventry Limited (ACL) – the owners of their home ground Ricoh Arena – the required rent and were in serious debt.
Earlier, fans of the club had staged a protest march against the owners of the club as they were forced to travel 35 miles to watch their club’s home games.
