DOUG King completed a full takeover of Coventry City Football Club last week (Friday, January 27).
King purchased the remaining 15 per cent that was owned by SISU Capital Limited after he became majority owner of the club last month.
He now owns 100 per cent of the club and has changed the company name from Otium Entertainment Group Limited back to Coventry City Football Club Limited.
King said: “To ensure that a new era for Coventry City Football Club begins with full transparency and clarity, I am happy to announce today my full, 100% takeover of the Club with my purchase of the 15% SISU shareholding.
“As outlined in my recent press conference, the Club at this moment has no debt owed to me or any other party.
“All future funding of the Club via any loans will also not be interest bearing whilst I am the Owner.
“This then concludes the change of ownership story.
“I am now totally focused on the balance of the season and the future thereafter, and following through on our plans to take this great Club forward.”
