LONDON -- Just a year ago Coventry was hosting Olympic football and being lauded by FIFA President Sepp Blatter. Malachi Richardson Jersey . For world 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." Skal Labissiere Kings Jersey .Y. -- Canadas Kaillie Humphries and Heather Moyse have another World Cup gold medal after winning the two-women bobsled race on Saturday in Lake Placid, N. Willie Cauley-Stein Kings Jersey . In the response filed Wednesday to the complaint by 30-year-old Alexander Bradley, attorneys say the former University of Florida player is invoking his Fifth Amendment right that protects people from incriminating themselves. http://www.nbakingsonline.com/Authentic-Matt-Barnes-Kings-Jersey/ . Brett Kulak and Jackson Houck of the Vancouver Giants were each charged with assault causing bodily harm on Aug. 18, according to the B.C. court services. 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. Jason Williams Kings Jersey. .It has almost 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. Cheap NFL Jerseys Cheap NFL Jerseys China Cheap Jerseys From China Cheap NFL Jerseys Authentic Wholesale Jerseys China Cheap NFL Jerseys China NFL Cheap Jerseys Cheap NFL Jerseys ' ' ' 

The Wall

No comments
You need to sign in to comment

Post

Added Feb 18 '17, 12:17AM

Rate

Your rate:
Total: (0 rates)