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Coventry v Wigan

Saturday, 08 August 2015, 15:00

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American bids for Sky Blues

American multi-millionaire Preston Haskell IV has tabled a bid to buy Coventry as well as half the Ricoh Arena.

Last Updated: 16/05/13 at 16:19

Ricoh Arena: Has some interested  takers

Ricoh Arena: Has some interested takers

The property tycoon made public his strong interest in the financially-stricken club two months ago, with former City vice-chairman Gary Hoffman and suspended life president Joe Elliott at the forefront of the consortium.

The trio have very carefully been watching events unfold at Coventry and have made their move ahead of Thursday's eagerly-anticipated announcement by Paul Appleton, who is the joint-administrator for Coventry City Football Club Limited, into his findings.

The Sky Blues, under hedge fund owners Sisu, in March placed the non-operating subsidiary of the club into administration - insisting it was business as usual as Coventry City Football Club (Holdings), which they claimed holds the crucial 'golden shares' which provide membership to the Football League and FA, operates as normal.

However, the Football League ruled the shares do in fact still lie with CCFC Ltd, hence the midlands club's 10-point deduction which ended any hopes of securing a play-off place in League One. The location of the magic shares remains disputed but Appleton, crucially, is expected to clear that up in Thursday's report.

Elliott told the Coventry Telegraph: "We can confirm that we have now tabled an offer for Coventry City Football Club Limited (in administration) which assumes the Football League's 'golden share' is in that company.

"Everyone knows that the stadium and the football club need to be brought closer together. Therefore, we are also pleased to confirm that an offer has been made to acquire 50 per cent of Arena Coventry Limited (who manage the Ricoh Arena) and we will shortly enter the due diligence phase."

As it currently stands, the future of Coventry's home games remains up in the air.

Chief executive Tim Fisher claimed in a statement earlier this month that the club were looking for a new ground for next season having been "locked out" of the Ricoh Arena.

City remain at loggerheads with ACL, who manage the stadium on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council, over unpaid rent stretching back over 12 months.

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ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

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f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

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ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

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