Coventry City takeover completes

COVENTRY City administrator Paul Appleton has confirmed that the sale of the club to the Otium Entertainment Group has been completed.

The club will remain in administration until a Creditors Voluntary Agreement is issued and agreed with all parties.

Coventry City has been in administration since a High Court hearing in March but their long-running rent row with Arena Coventry Ltd (ACL), landlords of their Ricoh Arena home has now gone on for more than a year.

It still remains unclear where they will play their games next season as ACL say they have not yet heard from Otium in relation to the rent issue. The football club may be forced down the ground sharing route.

London-based Otium is registered to three former Sky Blues directors, who all have a connection with the club’s current owners Sisu, who took over the club in 2007.

They are ex-chairman Ken Dulieu, Onye Igwe and Leonard Brody.

Subject to ratification by the Football League, they are now deemed to be the holders of the club’s Golden Share.