//
you're reading...
General news

Tim Fisher: SISU in it for the long haul.

Current Coventry City Chief Executive Officer, Tim Fisher.

Current Coventry City Chief Executive Officer, Tim Fisher.

Coventry City Chief Executive Officer, Tim Fisher has stated that the current Sky Blues owners, SISU are in it for the “long haul.”

In March, the League One side were placed into administration and deducted 10 points after a dispute over unpaid rent with the owner’s of the Ricoh Arena, ACL.

Administrator Paul Appleton, has set a deadline of May 31st (tomorrow) for any bids for the club to be received by and so there he has received two offers; one from American business man Preston Haskell IV’s consortium and one from a consortium led by lifelong City supporter, Michael Byng.

But Fisher told BBC Coventry & Warwickshire: “It’s a 10-year horizon. Let me be absolutely crystal clear, Sisu are in for the long haul.”

Appleton has admitted that there has been confusion and complication when it comes to the sale of the club, due to the dispute over the location of the ‘Golden Share;’ effectively the club’s ticket to play in the Football League.

Current owners SISU claim the Golden Share is in Coventry City Holdings Ltd, the division of the club which is not in administration, however the High Court ruled that it was in Coventry City FC Limited, the division placed into administration.

Despite initially appealing the deduction of points, SISU revoked the appeal and withdrew it’s complaint. Chief Executive Officer, Tim Fisher admits the confusion is having a detrimental effect on preparations for the 2013/2014 season.

“The administration process goes on and that has an impact on putting together the squad,” he commented.

“[Manager] Steven Pressley is very clear in his mind which players he wants, and clearly we can’t go and get them until we come out of administration and come out of the transfer embargo.”

Advertisements

About RNTomlinson

Part-time blogger. Full-time entertainer. Can be found on RNTomlinson.com & ccfctv.co.uk.

Discussion

Trackbacks/Pingbacks

  1. Pingback: Coventry City administrators extend offers deadline. | ccfctv - May 31, 2013

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: