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Coventry City safe - for now

A wealth of figures came out of Coventry City's much-anticipated press conference on Wednesday. £1m - the amount that the club have re-mortgaged their Ryton training ground for to keep funds flowing. £8m - the amount SISU say they have put in to stave off the prospect of administration and £25m - the amount the owners say they have invested (or lost) since buying the club.

New chairman Ken Dulieu was at pains to point out that it is currently business as usual as SISU seek new investment while a new CEO has been appointed to work alongside Dulieu at the helm. He stressed that at present there are no redundancies planned and no 'big axe' taken to the business.

In response to the big question however of whether Coventry City had enough money to get to the end of the season, Dulieu had this to say: 'The answer is, I'm not sure'.

He also stated that a meeting was scheduled with the city council about SISU exercising their option to buy half of the Ricoh Arena although later reports have seen this claim denied.

On the pitch, player exits are inevitable in the summer although the likes of Keiren Westwood were always likely to leave anyway given the interest in him from the Premier League while Andy Thorn and Steve Harrison have thrown their names into the hat to become permanent successors to Aidy Boothroyd and must have a good chance of succeeding if they can keep City up while playing a more attractive brand of football.




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The Journalist

Writer: CCFC Mail feedback, articles or suggestions

Date:Wednesday March 30 2011

Time: 6:09PM

 

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