Debt-Stricken Coventry City Faces Punishment

Coventry City Football Club are facing a 15-point deduction after creditors rejected a deal to ease their debts.

The club now faces liquidation and representatives from the club are planning an urgent meeting with the Football League.

The problem has been triggered by a failure between the club's owners and the owners of the stadium to reach a deal over a 10-year lease of the stadium.

The Football League is assessing the situation and level of punishment - which is likely to be a deduction of at least 15 points, according to Sky Sports News.

There is no suggestion yet that Coventry will not be able to fulfil fixtures in League One. Their season starts on Saturday, away at Crawley.

A statement on the club's website read: "The club will hold urgent meetings with the Football League this afternoon to go through the next steps for the football club."

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