Coventry City: CBS Arena operating companies to enter administration

The companies that run the arena applied to be placed into administration.

Administration orders are expected to be made in the upcoming weeks.

The stadium is up for sale and the preferred bidder is MikeAshley.

The game was allowed to be played at the city's stadium.

The companies and the proposed administrators have run an accelerated sales process to sell the business and assets of the companies.

The Arena will be open as usual. We are happy that the doors will remain open and we would like to thank all the people who helped the companies get to this point.

The Sky Blues will play Wigan and Queens Park Rangers at the CBS Arena before the World Cup kicks off in November.

The manager said he hoped they would go ahead as planned.

We hope to be here until the World Cup break. I have to be careful but I think it's the right thing to do at the moment.

Hopefully we won't have to play. They have time to get things done.

It doesn't help that uncertainty doesn't help, so we hope it gets sorted out for the best.

As it seeks clarity for fans and visiting clubs regarding upcoming fixtures, the English Football League will continue to be in regular contact with the city.

Should it become necessary, the Sky Blues would be supported in principle by the EFL.

The Saudi Arabia-backed Public Investment Fund bought Mike's stake in the club for $300 million in October 2021.

He was in charge of St James' Park for 14 years, during which they finished fifth in the premier league.

The now League One club was bought by businessman David Clowes in the summer, despite the fact that the owner of Derby County was reported to be interested in buying the club.

The CBS Arena and the Ricoh Arena were the sites of the first two games of the city's soccer team.

The club went into administration last month and have been suspended for the rest of the season and demoted.

The club's administrators accepted an offer to buy the club from a group of people.

'Preferred bidder blow to Sisu' - analysis

Simon Gilbert works for the CWR.

Multiple sources have said that the preferred bidder for the arena is MikeAshley.

I believe that his interest is solely in the arena, and that there has been no communication between him and Sisu.

Sisu was going to make an offer if theACL entered an open administration process.

Sky Blues fans want the football club and CBS Arena to be owned by the same people.