The Sky Blues' owner, the hedge fund Sisu, is disputing the terms of the lease but the League One club would face a 10-point deduction by the Football League if they are placed into administration.ACL is the Coventry City Council and Higgs Charity-owned company that runs the Ricoh Arena stadium and its chairman Nicholas Carter said: While it is imperative that ACL takes action to recover these arrears and to stop the arrears growing, it is important for us to find a solution that can provide for the survival of the Sky Blues. Hopefully this action will ultimately put CCFC on a stable financial footing for the future.Following recent statements in the media from the CCFC's owners threatening the Club with liquidation, we are keen to stop this from happening. Our action prevents Sisu simply closing CCFC and walking away from the situation. It is highly unfortunate that we have had to take this course of legal action. Had we not taken this action, then the alternative might have been catastrophic for CCFC.Arena Coventry Limited (ACL) has announced it has made an application to the High Court in London to request that it make an administration order against the club.We are owed a considerable amount of money in rent arrears.
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