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Coventry RFC Ltd Formally Placed into Administration

John Kelly

Administration

| December 7th 2009

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Coventry RFC Ltd Formally Placed into Administration

Confusion surrounding the legal status of Coventry RFC Ltd, the city’s troubled Championship rugby club, came to an end today (Friday) when the club’s affairs were placed into the hands of joint administrators John Kelly and Bob Maxwell of corporate recovery specialists Begbies Traynor.

Begbies Traynor regional managing partner John Kelly said his immediate task would be to assess whether the club has enough funds to continue. “We are aware the November salaries were not paid and we will be doing all we can to attract future funds into the club. There are a number of commercial activities at the club which should all go ahead", he said.

Mr Kelly acknowledged the co-operation of the bank and Coventry City Council, which enabled the appointment to be made and the game against Bedford today to take place at the Ricoh Arena.

John Kelly is no stranger to the club having dealt with it many years ago when it was an unincorporated club.

He said he will be talking to the RFU about continued support and he is anxious to hear from anyone who may be interested in funding the club in the future either in whole or in part.

“In the meantime, supporters can help the club by not only attending future games but bringing along extra supporters,” he said.

John Kelly

About the author

John Kelly

Partner

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John has specialised in Corporate Recovery, Restructuring and Insolvency since 1977 and has accumulated an extensive experience in a wide range of sectors mainly in the East and West Midlands. A former partner in Ernst & Young and Kroll, John joined Begbies Traynor in 2004. He has gained a reputation for dealing with the more challenging cases for lending institutions whether it is for a recovery or restructuring assignments.

John is a past president of Birmingham and West Midlands Society of Chartered Accountants.

Advice You Can Trust

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland
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