Ricoh Arena exit contingency

              

He continued: "We would be failing the club, its supporters and its staff if we did not start making such plans now.That agreement included a new rent of £400,000 per year and an offer to write off £300,000 from the £1.3m that Sisu owe.We have been told that there is no further room for negotiation and an offer that we made to get back round the negotiating table has been rejected.Following the collapse of talks, Coventry had their bank accounts frozen after ACL issued the club with Third Party Debt Orders in an attempt to collect the rent arrears. The fact is that we are being locked out of the Ricoh Arena.That led to the side being put into administration and subsequently receiving a 10-point deduction by the Football League.The club's owners, Sisu, have been at loggerheads with ACL since they stopped paying their £100,000 monthly rent in April 2012, claiming that it is too high given the fact the club are only tenants and make no money from the sale of refreshments and on-site facilities at the ground.The club had taken the decision to empty their Ricoh Arena offices and shop in March, and now look set to leave their home since 2005, following their relocation from Highfield Road.Discussions between Sisu and ACL collapsed in February, with the Ricoh Arena owners saying they would not resume until the club accepted an agreement drawn up in January.