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Is Coventry City a dying club?

A harsh question for the BBC to ask.  But perhaps a realistic one.  The club is in a downward spiral with disillusioned fans and declining attendances.

Red Bull and Coventry rumours surface again

Rumours that energy drinks giant Red Bull might be interested in taking over troubled Coventry City have surfaced again.

These have to be regarded as highly speculative.   Without their own ground, Coventry City are not a very attractive investment.     Hedge fund Sisu have never shiown any sign of selling an investment they have managed badly.

A reprieve for Millwall?

Lewisham Council has postponed a meeting scheduled for tonight which would have approved a compulsory purchase order for land around Millwall's New Den ground.    The meeting will be rescheduled, but no date has been given.

Millwall are concerned that the purchase would make the ground no longer viable for football and have said they might have to relocate to North Kent.   Some locals think that a move to the vicinity of the O2 and North Greenwich tube would be more likely.

Millwall may be forced to quit their historic home

Millwall may be forced to quit their historic home in New Cross.   It looks as if Lewisham Council will approve a compulsory purchase order on land around the New Den next week.   This is needed for a so-called 'regeneration' project involving a mystery offshore developer with links with Lewisham Council.

Bolton debt could halve

An estimated debt of £30m at Bolton Wanderers could halve if a £15m loan to former owner Eddie Davies does not have to be paid back.   £171m of Davies' original loan of £186m has already been written off. When Davies was the club benefactor he was putting in £15m-£18m a year.

When such largesse from a benefactor is no longer available, a club faces cold turkey.   Bolton's big challenge now is to reduce a big wage bill resulting from high cost players.

Millwall lose out in gentrification battle

It looks as if Millwall are going to lose out in their battle to prevent Lewisham Council placing a compulsory purchase order on land around their stadium.   The order could undermine the viability of the stadium and in particular the work of their Community Trust.

Spireites in trouble

Chesterfield face the threat of administration after the chairman and a number of directors resigned.  They need to find £500,000 before Christmas to cover expenses.

No one has expressed any interest in buying the club.   The town is relatively small (population 71,000) and quite close to the two clubs in Sheffield.   Many larger towns only manage to support Conference clubs, although there is a long football heritage.

No easy path for Bury

Lower league clubs in Greater Manchester face some of the biggest challenges of any clubs in securing financial stability.  The attractions of City and United are close at hand and these clubs are generally located in not particularly prosperous areas of the conurbation.

Bolton deny Saudi takeover reports

Bolton Wanderers have denied reports that they are in talks with a Saudi-based group about a takeover. In September chairman Ken Anderson did say that he was looking for more investment from abroad.

Before the takeover deal by a consortium in March the club had accumulated debts of £170m, although these were cleared as part of the settlement.   The club are currently under a transfer embargo for failing to comply with Financial Fair Play obligations.

Internal audit critical of Cobblers loan

An internal audit has found that a loan of 13.5 million pounds made to Northampton Town by Northampton Council was made too quickly, on the basis of inadequate information and with insufficient safeguards. This was partly because the then council leader and now local MP was pressing for it.  

In particular, the council failed to compare the rapid payment of tranches of the loan with the slow and stalled progress at the Sixfields stadium.