September 30th, 2016

Ambitious Sky Blues fans make bid to buy club

Ambitious Sky Blues fans make bid to buy club Ambitious Sky Blues fans make bid to buy club
Updated: 4:41 pm, May 07, 2015

A GROUP of fans and local businessmen have joined together to make an ambitious bid to buy the Sky Blues and bring them back to the Ricoh Arena.

The Keep Cov in Cov campaign group has written a formal letter to Sisu boss, Joy Seppala, who currently owns the League One club.

In the letter, campaign coordinator, Michael Orton, has outlined plans to purchase the club, including the Football League golden share, for £51,987.35, which is subject to the club being sold ‘debt free’.

The second component of the letter explains how the group will also pay rent and any match-day costs at the Ricoh for up to three seasons and are confident of agreeing terms with stadium owners Arena Coventry Limited (ACL).

It adds that Sisu will be expected to pay costs should attendances rise above 5,000, which would be more than double the current crowds attending matches at Sixfields Stadium in Northampton.

“We are able to move quickly and can provide proof of funds for either/both components of our offer at the appropriate time,” said Mr Orton.”

“We also have outlined plans that we will be able to share with the Football League (and you) to meet all their requirements, at the right time.”

“We have been awaiting the judicial review before making this offer as you promised it would ‘reveal lots’ but it has turned out to be a ‘damp squid’ and, as Mark Labovitch (non-exective club director) put it on the steps of the court, ‘a sideshow’.

“For us, the key priority is having Coventry City FC back in Coventry.”

The club issued a short statement confirming it had received the letter but once again declared it is not for sale.

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