LONDON -- Just a year ago Coventry was hosting Olympic football and being lauded
by FIFA President Sepp Blatter.
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footballs most powerful executive, seeing top-level matches there again was "a
source of great joy and pride." Now the Ricoh Arena, just eight years old and
with a 32,000 capacity, is a football stadium facing a future without football.
And the financially troubled team that had been based at the stadium is fighting
for its future after 130 years in existence, predating the league it plays in.
"Its a dreadful thing and it ought not to be allowed for a city to have its
football club to be taken away," Labour Party legislator Bob Ainsworth, who
represents part of Coventry in the House of Commons, told The Associated Press
on Friday. "I want an investigation to expose everything that has gone on over
the last few years." In the topflight for 34 years until 2001, the 1987 FA Cup
winners have plunged into the third tier as a bitter dispute between the hedge
fund that owns the club and the Ricoh Arena landlords escalated. As they rowed
over an annual rent of 1.3 million pounds ($2 million) to play in the stadium,
the team entered bankruptcy protection and gained permission from the Football
League to play home matches about 30 miles away in Northampton, much to the
annoyance of fans. Arena Coventry Limited holds the keys to the Ricoh -- and the
football teams future. At a creditors meeting on Friday, the stadiums operators
blocked a bid by the club to exit administration. As a result, Coventrys parent
company will be put into liquidation. The immediate implication was a 10-point
penalty handed to Coventry on Friday, which still allows it compete in League
One in the Football Leagues 125th season, starting Saturday at Crawley. "We now
have certainty and the clubs future is secured," Coventry chief executive Tim
Fisher said. "We can now get on and put our future plans into action which means
building and owning our own stadium in the Coventry area." Stadium operator ACL
is co-owned by a charity and Coventry City Council whose offices are adorned by
a FIFA pennant honouring the "lasting legacy of the Olympics" to Coventry.
Football League chairman Greg Clarke said his board is "dismayed at the level of
intransigence being shown" by the stadium owners and the clubs administrators.
"It is a source of immense frustration to everyone involved that the two parties
in this dispute have failed to reach any agreement," said Clarke, who is in
charge of running the three divisions below the Premier League. The league has
backed Otium Entertainment Group -- named as the administrators preferred bidder
-- to take control of the club from the hedge fund SISU, which has owned
Coventry since 2007. That, though, has been opposed by fans, the stadium owners
and the tax authority, who are owed money. ACL lawyer James Powell said Otiums
proposals do "not give stability to Coventry," and the Sky Blue Trust urged
authorities against making a "bad situation any worse" by handing over control
of the club to them. ACL, whose offer of annual rent of 150,000 pounds
($230,000) has been rejected, has concerns that Otium is connected with the
existing owners following a "catastrophic insolvency," Powell said. "It is does
not seem a fair and equitable outcome," he added. Ainsworth, the legislator who
is a former defence secretary, has called on independent auditors to launch an
investigation into Coventrys downfall. At the heart of his concerns is how a
hedge fund apparently "with no previous connections to Coventry at all" was able
to buy the citys one professional team. And that encapsulates wider concerns
about football ownership in England and the financial management of clubs. "The
game is in a parlous state," Ainsworth said. "If you look at the history of
football over the last 20 years there have been countless liquidations and
administration events showing that there are serious issues that ought to be
addressed. "And Im afraid if the Football League are not prepared to follow
their rules and own policy with regard to Coventry (being allowed to leave
Coventry) it has to be an indication that they are not bringing about the reform
that in my view is absolutely necessary." Ainsworth is demanding that the league
listens to fans and allows them to take control of the club, as happened at
Portsmouth recently. "Football is the nations most important sport, there are
millions of people who are passionate about their own clubs and the game in
general," Ainsworth said. "And they deserve to be well served."
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LONDON -- Arriving in a plane with a gold-painted nose cone and victoRIOus
emblazoned on the livery, Britains Olympic team returned home Tuesday to
jubilant scenes after the countrys record-breaking medal haul in Brazil.Max
Whitlock and Nicola Adams, who won three of Britains 27 gold medals in Rio de
Janeiro, were the first Olympians to emerge from the plane at Londons Heathrow
Airport and stood at the top of the stairs as the rest of the team filed out to
cheers and applause.Children crouched in front of the barriers clutching small
British flags, and friends, family and well-wishers -- adorned with union flags
and red, white and blue balloons -- welcomed home the 320-strong team of
athletes and support staff.Britain won 67 medals to finish second in the gold
medal table, behind the United States, and became the first country to improve
on a home medal haul at the next games, having collected 65 at the 2012 Olympics
in London.More than 35 percent of Britains team in Rio won a medal.Rower
Katherine Grainger,, who won silver to pick up a medal at a fifth straight
Olympics, said the success of Britains team had lifted a nation splintered by
Britains divisive vote in June to leave the European Union.
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felt like it has been a tough year for the country, a lot has happened
politically in the nation in the last few months, Grainger said. I think the
nice thing about sport is it does unite people and it lifts people. So, yeah, I
think ... the timing means that it is one of the best Olympics, the best
sporting events we probably ever had.Posts on social media by team members
revealed athletes fun on the flight from Rio to London, which had 77 bottles of
champagne on board.Whitlock, a double gold-medalist, tried out some of his
gymnastics routine on the first-class seats, and the team belted out a rendition
of national anthem God Save The Queen before the flight left.
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