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Haskell persists with Sky Blues bid

Submitted by WG on Mon, 17/06/2013 - 08:48

American tycoon Preston Haskell IV intends to persist with his attempt to buy a half share in the Ricoh Arena and secure control of Coventry City despite his disappointment at not being named preferred bidder by the administrator.

Sisu were able to mount the largest bid by writing off debt.   Haskell thinks that their business model is not sustainable in the long run and hopes they will eventually sell out to him.

Sisu shock for Sky Blues fans

Submitted by WG on Fri, 14/06/2013 - 18:35

The administrator of Coventry City has selected a Sisu-related company as preferred bidder for the club. It must be the understatement of the year when he says that he realises that the decision will not be appreciated by many Sky Blues fans.   

Four bidders for Sky Blues

Submitted by WG on Fri, 14/06/2013 - 12:29

Four potential investors have submitted bids for Coventry City FC.   As expected, they include the consortium backed by American investor Preston Haskell IV.   They also include a company related to Sisu-backed Coventry City Holdings.

Four bidders for Sky Blues

Submitted by WG on Fri, 14/06/2013 - 12:29

Four potential investors have submitted bids for Coventry City FC.   As expected, they include the consortium backed by American investor Preston Haskell IV.   They also include a company related to Sisu-backed Coventry City Holdings.

Free use of Ricoh Arena offered to Sky Blues

Submitted by WG on Tue, 11/06/2013 - 10:42

Arena Coventry Ltd., the operators of the Ricoh Arena, have offered Coventry City FC the opportunity to play there free of charge next season.   They would only have to pay for costs arising on match day.

Controversial Oldham bid

Submitted by WG on Tue, 04/06/2013 - 06:46

Former Chester City owner Stephen Vaughan is heading a consortium that is seeking to take over Oldham Athletic. Vaughan was the owner of Chester City where he took over in 2001. The club was wound up in 2010. Vaughan was the first person to fail the Football Association's fit and proper person test.

Perhaps not surprisingly, the negotiations have been going on for some months and have hit a number of stumbling blocks. The present owners have been in charge since rescuing the club in 2004.

Sky Blues fans fear Walsall move

Submitted by WG on Thu, 30/05/2013 - 10:18

Coventry City fans are concerned that playing home games at Walsall for three years as Sisu propose could place the Sky Blues in even greater difficulty.     They consider that it would lead to falling crowds and revenues, relegation and possibly even liquidation.   They want the Football League not to return the 'golden share' to Sisu and the administrator to consider alternative bids of which there is thought to be more than one.

Football League still searching for a sponsor

Submitted by WG on Tue, 28/05/2013 - 06:40

The Football League is still without a sponsor after a proposed three year £10m per season deal with B & Q fell through at the last minute. The Football League has a cumulative attendance larger than that of the Premier League. However, the lack of a global footprint holds it back: that is what top brands are looking for.

Walsall then Highfield 2 for Sky Blues

Submitted by WG on Thu, 23/05/2013 - 09:34

Coventry City are planning to play their games at Walsall for three years while a 'Highfield Road 2' is constructed nearer the city centre.   They have been impressed by a similar stadium built by Rotherham United in a town centre location which has a 'modular design' which means that it can be expanded later if required.

No fire at the Ricoh, but Sky Blues fans on fire

Submitted by WG on Tue, 21/05/2013 - 06:03

Pictures spread through social media yesterday evening suggesting that Coventry's Ricoh Arena, but in fact it was an over enthusiastic rehearsal of a pyrotechnic display for a concert on Wednesday. Even BBC Midlands News had to deny the story, but perhaps it is not surprising that it spread given understandable nervousness about the fate of Coventry City.