Broadhall Way

Next Game

Stevenage v Coventry

Saturday, 02 August 2014, 15:00

Friendly Match

Last Game

Newport 1 - 0 Coventry

Tuesday, 29 July 2014, 19:30

Friendly Match

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.

Related News

Most Commented

Readers' Comments

T

heyremind me of Utd's treble winning side. Swashbuckling and risk prone. We ha Jaap Stam to paper over the cracks at the back though. Not sure they have their Jaap yet.

HarryBoulton
New Striker Not Liverpool's Priority...

A

lexis Sanchez; too good for Liverpool, Stevie. :)

pires
Suarez 'too good for Arsenal'

T

he solution is to not feel sorry for any of Jabba, Gold or Sullivan. They're all deeply unpleasant and all deserve each other. If only West Ham would sign Barton and Suarez then no one would ever need to despise any other club.

spuzzell
The Strange Idea Of Sympathy For Big Sam

Footer 365

Patrice Evra reveals he would have been Man Utd captain if he had stayed

Patrice Evra has revealed he would have been made captain if he had stayed at Manchester United.

Transfer news: Liverpool manager Brendan Rodgers targets further signings

Liverpool boss Brendan Rodgers is hoping to further strengthen his squad ahead of the transfer deadline on September 1.

Transfer news: Jose Mourinho confirms Fernando Torres will stay at Chelsea

Chelsea manager Jose Mourinho has told Sky Sports News Fernando Torres will not be sold during this transfer window.

Mail Box

Plenty Of Reasons Why Lukaku's Worth It

The mailbox defends Everton's enormous outlay on Romelu Lukaku, while we also have mails on Spurs and Suarez. Oh, and worrying about the new magic spray...

Sterling Stuff And Other Friendly Thoughts

We have one reader reaching conclusions from last night's friendly while we have others discussing Romelu Lukaku's move to Everton. Oh and some swearing...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property