Vital Football

Latest Coventry City News

Sky Blues call EGM

Sky Blues call EGM

Coventry City Football Club have called an Extraordinary General Meeting to ask shareholders whether the club's option to buy back ownership of 50 per cent of the Ricoh Arena should be transferred to acting chairman Geoffrey Robinson from the the Alan Edward Higgs Charity as security for loans he has made to the club.

Robinson told shareholders in a letter: 'Over the last 4-5 years, the club has survived only because of loans made by me personally to the club and my personal guarantees to the club's bankers - The Co-operative Bank PLC. Such direct loans total in excess of £11,000,000 and my personal guarantees amount to £8,000,000.

'I agreed to provide additional and extended guarantees to the club following the said Bank's requirements on condition that the club's options over shares in Football Investors Limited pursuant to a Joint Venture Agreement dated 19 December 2003 was assigned to me absolutely.

'The material value of such option is quite insufficient to cover my current risks.'

The move is seen as the next step in the takeover of the club by Manhattan Sports Capital Partners although former Newcastle boss Graeme Souness has also been linked with a deal to buy the Sky Blues.



Click here to join in the debate on the club forum.

Writer:CCFC
Date:Monday June 18 2007
Time: 12:00AM

Login to post a comment

Best of Vital Network

Vital Boxing - Adams Turns Professional

Recent Coventry City Articles

Coventry City: A Club Without A Home

New book tells the story of the Ricoh Arena dispute

Coventry City Confirm Second Derby Deal

Striker Vernam joins the Sky Blues until the end of the season.

City Find New Ways To Hit Fresh Lows

Sky Blues 0 Fleetwood 1

Stats: Coventry City v Fleetwood Town

All the stats from Coventry City (0) vs (1) Fleetwood Town, Ricoh Arena, 21 January 2017, 15:00 Att: 8,129

Archived Vital Coventry Articles

Vital Coventry articles from

Site Journalists

CCFC
Editor email
Profile

Current Poll (see more polls)

Can Russell Slade Save City
Suggested By: Editor
Yes: Mid-Table Beckons34%
Yes: A Last-Day Escape6%
No: We'll Improve But Not Enough18%
No: We're Sinking Fast42%

League Table

# Team P W D L Pts. GD
1 Sheff Utd 28 17 6 5 57 21
2 Scunthorpe 27 16 7 4 55 27
3 Bolton 26 15 5 6 50 16
4 Fleetwood 27 13 7 7 46 11
5 Bradford 28 11 13 4 46 11
6 Rochdale 27 14 3 10 45 5
7 Southend 27 11 9 7 42 5
8 Peterborough 26 11 8 7 41 9
9 Millwall 27 11 7 9 40 2
10 Bristol Rovers 28 11 6 11 39 -3
11 Wimbledon 27 9 10 8 37 5
12 Oxford 27 10 7 10 37 4
13 Walsall 27 9 10 8 37 -2
14 Charlton 26 8 12 6 36 7
15 Port Vale 26 8 8 10 32 -10
16 MK Dons 26 8 7 11 31 -3
17 Gillingham 27 8 7 12 31 -9
18 Northampton 28 8 6 14 30 -9
19 Swindon 28 7 8 13 29 -14
20 Shrewsbury 28 7 7 14 28 -13
21 Bury 28 7 5 16 26 -12
22 Chesterfield 28 7 5 16 26 -17
23 Oldham 26 4 10 12 22 -15
24 Coventry 27 4 9 14 21 -16
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Coventry City Results (view all)

Coventry City Fixtures (view all)

Jan 28 2017 3:00PM : Northampton Town (a)
Sky Bet League One
Feb 4 2017 3:00PM : Millwall (H)
Sky Bet League One
Feb 11 2017 3:00PM : Oldham Athletic (a)
Sky Bet League One
Feb 14 2017 7:45PM : AFC Wimbledon (a)
Sky Bet League One
Feb 18 2017 3:00PM : Gillingham (H)
Sky Bet League One
Feb 25 2017 3:00PM : Swindon Town (H)
Sky Bet League One
The Vital Football Members League