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It was amid fears ACL could be heading for administration - after nearly a year of Coventry City Football Club refusing to pay its PS100,000-a-month rent for using the stadium - which could have forced the sale of the Ricoh at a knock down price.
Although ACL insists the club can play their final three matches at the Ricoh, the club claimed yesterday that they are unable to do so after "nontrading subsidiary" Coventry City Football Club Limited was voluntarily placed into administration.
It was confirmed on Thursday that Coventry City Football Club Limited had gone into administration.
THE Sky Blues have launched an appeal against the 10-point deduction imposed by the Football League after Coventry City Football Club Ltd were placed into administration last week.
Byline: By Lisa Smith Cash-strapped Coventry City Football Club is on the verge of going into administration after the board announced it had filed papers with the courts in a bid to secure its future.
The debate centres on the location of players' contracts in Coventry City Football Club (Holdings) Limited, the company not in administration and still controlled by owners Sisu.
City currently have no legal right to use the Ricoh Arena after putting one of its companies - Coventry City Football Club Ltd - into adminstration last week, effectively ending its lease agreement.
It came the day after the football club effectively ended its lease with the stadium company Arena Coventry Limited by putting into administration one arm of the business - Coventry City Football Club Limited.