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| Coventry City; looking like admin | |
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| Topic Started: Nov 29 2007, 11:13 AM (5,623 Views) | |
| Ricky | Nov 29 2007, 11:13 AM Post #1 |
We're going to win the League, win the League
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Coventry City are staring administration in the face after potential takeover talks stalled. A consortium led by ex-Manchester City man Ray Ranson had reportedly been close to striking a deal that may have staved off the threat of administration. However, the Co-Op bank, which is owed £18million by the club, blocked the bid by SISU - the investment company behind Ranson. Sky Blues chairman Joe Elliott has admitted there is little time left to revive takeover talks with the players' wages due. "We have reached crisis point," explained Elliott. "The clock was always ticking and we have negotiated hard." Should Coventry go into administration a ten-point deduction would leave them third bottom in the table and facing the real threat of relegation to League One. |
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| Wee_Eck | Nov 29 2007, 11:40 AM Post #2 |
Token Jock
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Thats quite disturbing. One of my friends is a Cov fan. |
 Home of the greatest Pies in Football | |
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| norwichnutta | Nov 29 2007, 12:07 PM Post #3 |
SOONER OR LATER THE THIRST ALWAYS WINS !
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i bet the top brass will still get paid tho - its a shame a football club's board lets things come to this |
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| flakmcfc | Nov 29 2007, 12:31 PM Post #4 |
It's nearly Christmas
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Oh no Ricky.
 I hope that Coventry overcome these problems and get back into the Premiership. |
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| norwichnutta | Nov 29 2007, 12:50 PM Post #5 |
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SOONER OR LATER THE THIRST ALWAYS WINS !
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i fear dowie will jump ship
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| Ricky | Nov 29 2007, 12:50 PM Post #6 |
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We're going to win the League, win the League
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I just hope we stay in the championship at this rate <_< Hope Dowie will stay on but would'nt blame him if he did'nt either |
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| itsgunnabe11 | Nov 29 2007, 12:52 PM Post #7 |
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ya best protect ya neck
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Thats a 10 point dedution too. were are you in the league |
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| Ricky | Nov 29 2007, 12:53 PM Post #8 |
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We're going to win the League, win the League
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mid table on 25 points take away 10 and bottom 3 |
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| itsgunnabe11 | Nov 29 2007, 12:55 PM Post #9 |
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ya best protect ya neck
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Not looking good, better hope no dodgey borrwing of money has gone on as thats more points |
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| Ricky | Nov 29 2007, 12:59 PM Post #10 |
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We're going to win the League, win the League
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We've no money full stop never mind dodgy money!! |
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| flakmcfc | Nov 29 2007, 01:03 PM Post #11 |
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It's nearly Christmas
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Never thought that i'd hear that about Dowie. <_< |
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| Ricky | Nov 29 2007, 01:29 PM Post #12 |
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We're going to win the League, win the League
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Dowie is a really good manager, plays good football too  . Charlton panicked and sacked him after 10-12 games, Pardrew had round 24-25 games to keep them up and did'nt
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| flakmcfc | Nov 29 2007, 04:34 PM Post #13 |
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It's nearly Christmas
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Dowie good manager. It's never been heard before!
Do you think they will be placed in administration? Might have to sell some of your players in January. |
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| Ricky | Nov 29 2007, 04:51 PM Post #14 |
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We're going to win the League, win the League
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Ah flak, he did an unbelievable job with Palace getting them promoted and they were unlucky to get relegated. Charlton did'nt give him enough time and he is doing really well with us considering the circumstances Think administration is very likely, take over talk has been going on for a year now and still nothing concrete |
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| flakmcfc | Nov 29 2007, 04:59 PM Post #15 |
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It's nearly Christmas
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So you think that the stick he receives is unjust? Shame. It's a viscious circle in the lower leagues with having to sell your best players and facing bankruptcy.
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