Francisco Román Alarcón Suárez, commonly known as Isco
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Coventry City Ltd have gone into liquidation and the League One club appears certain to go into the new season with a points deduction.
The move follows a meeting on Friday morning with Coventry's major creditor, Arena Coventry Limited (ACL), the company that owns the Ricoh Arena.
ACL refused to accept the Company Voluntary Agreement (CVA) that was put before them, forcing Coventry City Ltd, one of the club's constituent parts, into liquidation.
The club were deducted 10 points last season for going into administration and the Football League must now assess the situation.
Coventry could now start the new campaign with a 15-point deduction and appear certain to play at Northampton Town's Sixfields Stadium in 2013/14.
ACL are understood to have offered Coventry the opportunity to remain at the Ricoh Arena on a reduced rent but that option now appears unlikely.
"It is with great regret that a proposed Company Voluntary Agreement (CVA) has been rejected by Arena Coventry Limited (ACL)," read a statement on the club's official website.
"The football club and the Alan Higgs Centre Trust accepted the administrator's CVA, but the City Council, through ACL, have chosen to reject it - leading to the risk of a 15-point deduction.
"The club will hold urgent meetings with the Football League this afternoon to go through the next steps for the football club."
sky
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Coventry City are facing a 15-point deduction after creditors rejected a deal over debts and left part of the club on the brink of liquidation.Originally posted by Kenneth View PostThen they're not in liquidation.
They are still set to start the League One season at Crawley on Saturday.
Coventry City FC Ltd went into administration in March following a rent-row with Arena Coventry Limited.
It now faces liquidation after ACL, which runs the Ricoh Arena, rejected a Company Voluntary Arrangement at a creditors' meeting on Friday.
bbc
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