It was the news that looks to have wrecked another season for Coventry. The Football League, celebrating it's 125th year, confirmed earlier today it would be imposing a 10 point deduction on Coventry for the forthcoming season.
Coventry City Ltd, the parent company of the club, have gone into liquidation.
The bad news could be set to get even worse as the club itself faces liquidation after the owners of the Ricoh Arena rejected a voluntary agreement which would have brought the club out of administration.
It has been confirmed that the club will be participating in the 2013-14 League One season after the majority of its shares were transferred to Otium Entertainment group, the preferred bidder for the club.
The deal was done under the Football League's exceptional circumstances rule.
Tough times still lie ahead for the clubs fans as they now face a 68-mile round trip to play all their home games as Northampton's Sixfields stadium.
Thousands of fans have already expressed their opposition to the move by holding protest marches outside the Ricoh. I'm afriad at the miunte there seems to be no end in-sight for Coventry fans.