Coventry City Football Club And Mr Paul Appleton, The Joint Administrator

EDM number 443 in 2013-14, proposed by Bob Ainsworth on 18/07/2013.
Categorised under the topics of Financial services and Sports.

That this House notes that almost four months after his appointment, Paul Appleton of David Rubins and Partners LLP, the joint administrator for Coventry City Football Club Ltd, is still in discussions with BDO, its auditors, about the accounting procedures used by the company and has not yet used the powers available to him under the Insolvency Act 1986 to compel individuals and organisations to render information to him; further notes therefore that he has not yet secured full knowledge of the company's assets and whether any inappropriate devices have been used to facilitate its transfer to any other organisation; further notes that despite this he has sold the company without conditions to Otium Entertainment a connected party; and calls on him to make a full disclosure of why he has acted as he has and to stand prepared to surrender his position as joint administrator to someone who, even at this late date, is prepared to use the powers provided in legislation.

This motion has been signed by a total of 3 MPs.