Coventry Football Club Goes Into Liquidation

Coventry City football club has gone into liquidation, Sky Sports News has revealed.

The liquidation has been triggered by a failure between the club's owners and the owners of the stadium to reach a deal over a 10-year lease of the stadium.

The Football League is assessing the situation and level of punishment - likely to be a heavy points deduction - at least 15, according to Sky Sports News.

There is no suggestion yet that Coventry won't be able to fulfil fixtures in League One. Their season starts on Saturday, away at Crawley.

A statement on the club's website read: "The club will hold urgent meetings with the Football League this afternoon to go through the next steps for the football club."

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