By Steve Carpenter Wednesday 31 July 2013 Updated: 31/07 18:37
SUPPORTERS have welcomed last-ditch talks between Ricoh stadium owners ACL and the Sky Blues to keep the League One club in Coventry on the eve of the start of the 2013/14 season.
The Football League approved plans for the club to ground share with Northampton Town this season.
However there still remains a possibility that the club could play at the Ricoh after it emerged that an 11th hour offer by stadium owners ACL was made at a creditor's meeting earlier this week.
Administrator, Paul Appleton, agreed for ACL to adjourn their decision to accept his Company Voluntary Arrangement (CVA) until Friday to give both sides more time to discuss a possible deal.
Last week the club revealed it had reached an agreement to purchase an area of land six-miles from the city centre, although it is not clear if the site, believed to be in Brandon, would be used to build a new ground or training complex.
But now it seems ACL, which is jointly owned by the council and the Alan Higgs Trust, have made one final offer to keep the Sky Blues at the Ricoh and avoid the club slipping into liquidation.
“It's so sad that football has been forgotten especially with the new season starting on Saturday but at least both parties are talking,” said Jan Mokrzycki, spokesman for the Sky Blue Trust.
“The whole sorry saga goes way beyond football and the fans are in complete contempt. The frustrating part is what do us fans have to look forward to?
“At least both parties have decided to talk and all we can do is hope that an agreement can be reached so that this whole, fragile process can be forgotten.”
Although the terms of the offer remain clear, it is understood that a ten-deal would allow the club to play at the stadium for £150,000 in League One, dropping to £100,000 in League Two and rising to £400,000 in the Championship.
ACL would sign the CVA on Friday which would bring the club out of administration and avoid liquidation.
But in return they want a High Court application for a judicial review against the council's decision to spend £14million of taxpayer's money to mortgage a loan from Yorkshire Bank in January dropped.
The Observer understands the offer does not give the further access to revenues which could be a vital stumbling block for owners Sisu who want a share in the Ricoh.
The new campaign kicks off this Saturday when Steven Pressley's side travel to Crawley Town, while the first home game is scheduled for next Sunday against Bristol City.
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