Coventry

Discussion in 'Bulletin Board ARCHIVE' started by DanT, Dec 10, 2007.

  1. Dan

    DanT Active Member

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    How long have they got to sort out there finances b4 they will face a 10 point deduction?
     
  2. amy

    amybfc New Member

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    They've got till Thursday but according to BBC website they're in talks with a billionaire!
     
  3. Dan

    DanT Active Member

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    Well fingers crossed it goes it doesn't go through, got nothing against them personally but the more clubs in admin the easier life is for us
     
  4. Kno

    Knowlesy Well-Known Member

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    SSN said it was a 'film mogul'

    can't remember his name though
     
  5. Kno

    Knowlesy Well-Known Member

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  6. Zad

    Zadok Guest

    Billionaire enters Coventry talks
    Greek billionaire businessman Alki David has entered talks to buy cash-strapped Coventry City.

    He told BBC Coventry and Warwickshire: "I'm told it's a sleeping giant and a good opportunity so we are talking.

    "We need to look at the books to see what the debt is, but it's a club that has had entry to the Premiership so on that level it would be a good deal".

    Coventry have until Thursday when they must either prove their solvency or enter administration.

    "We will move very quickly but no commitments are being made until we have looked at the books," David said.

    I'm a film maker and football is not my first love but apparently it's a fine club
    Alki David

    Last week the club announced they were looking to go into administration in order to bring to a head the takeover talks with rival Ray Ranson.

    But if the club were to do so they would incur a 10-point deduction and drop into the bottom three of the Championship.

    David will have to take on £38m of debt if he is to buy the club but he denies that the figure is a problem for a man with a reputed £4bn fortune.

    " You go into these things for the long haul, we have investments in other clubs and own a couple outright.

    "I'm a film maker and football is not my first love but apparently it's a fine club."








    Sounds like he knows his stuff...
     
  7. The

    TheFlash New Member

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    clearly in it for the love of the club.... Can't see him being the saviour.
     
  8. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    ""I'm a film maker and football is not my first love but apparently it's a fine club.""

    Bet the Coventry fans are ecstatic about the prospect of him taking over.
     

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