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Thread: Coventry City in a real mess

      
  1. #1
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    Default Coventry City in a real mess

    Talking and nattering football today, with my pal.........I never realised that Coventry City were/are in such a real financial mess, relegation has now turned a couple of investors away.

    Despite the efforts of life long Coventry fan who is Vice Chairman of the club, his proposed buy out seems to have floundered with relegation. The problems being Coventry City do not own their own stadium, so asset wise are very poor.

    More importantly the season ticket money is already spoken for as cover for a large loan, this and general gate income are forced to drop next year in Div 3........they may well struggle to start another season, things are that bad.


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  3. #2
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    Default Re: Coventry City in a real mess

    Quote Originally Posted by sedgred View Post
    Talking and nattering football today, with my pal.........I never realised that Coventry City were/are in such a real financial mess, relegation has now turned a couple of investors away.

    Despite the efforts of life long Coventry fan who is Vice Chairman of the club, his proposed buy out seems to have floundered with relegation. The problems being Coventry City do not own their own stadium, so asset wise are very poor.

    More importantly the season ticket money is already spoken for as cover for a large loan, this and general gate income are forced to drop next year in Div 3........they may well struggle to start another season, things are that bad.
    And they have Sammy Clingan.


  4. #3
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    Default Re: Coventry City in a real mess

    By the sounds of it SISU do not give one shit about Coventry.

    Interesting article here - Looks like the council are refusing to reduce the rent now they're in League one - and why not? I can't see the residents of Coventry wanting to pay the excess council tax.

    Unfortunately, Portsmouth City has about 40,000 more people who actually care about their club.



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  5. #4
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    Default Re: Coventry City in a real mess

    Brings home the reality of REALLY not owning your own ground, unlike our situation, despite what the sheep think.

    But there for the grace of God .......


  6. #5

    Default Re: Coventry City in a real mess

    Didn't realize that they were in such a mess either. I don't know why but I've an inexplicaple dislike for Coventry , so can't say I'm that sorry to see them in such a state.

    Quote Originally Posted by Erik View Post
    And they have Sammy Clingan.


    Last edited by Alf-ugginblowupyourbakery; 26-04-12 at 09:17.

  7. #6
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    Default

    Well they didn't publish accounts last year, figured they were in a mess, I fear the situation there is another Plymouth, who have just managed to avoid a 3rd successive relegation.

    Zycomm Two Way Radio

  8. #7
    winnits
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    Default Re: Coventry City in a real mess

    I'm going to take a moment to contemplate the plight of them.

    ...

    Right, over it now.


  9. #8
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    Default Re: Coventry City in a real mess

    I don't have anything against Coventry City, and I feel sorry for their fans having to go watch home games in that horrible baby-blue bowl that is rarely over 50% full.

    I don't know the stats but I bet they haven't finished in the top half of a table more than 1 or 2 times in the last 10 years


  10. #9
    Not that type of player
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    Default Re: Coventry City in a real mess

    Remember that brown kit?


  11. #10

    Default Re: Coventry City in a real mess

    Quote Originally Posted by Winnits View Post
    I'm going to take a moment to contemplate the plight of them.

    ...

    Right, over it now.



  12. #11
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    Default Re: Coventry City in a real mess

    Quote Originally Posted by birkin youth View Post
    I don't have anything against Coventry City, and I feel sorry for their fans having to go watch home games in that horrible baby-blue bowl that is rarely over 50% full.

    I don't know the stats but I bet they haven't finished in the top half of a table more than 1 or 2 times in the last 10 years
    I'm sure that Richard Keys said that they had never been in the top six or bottom six of the Championship, not sure if that is true but it certainly sums up just how dull they are.


  13. #12
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    Quote Originally Posted by Wes' Organ View Post
    I'm sure that Richard Keys said that they had never been in the top six or bottom six of the Championship, not sure if that is true but it certainly sums up just how dull they are.
    The fact Richard Keys supports them is good reason to hope they suffer.


  14. #13
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    Default Re: Coventry City in a real mess

    Quote Originally Posted by Tutts View Post
    The fact Richard Keys supports them is good reason to hope they suffer.
    it overrides any other consideration for me.


  15. #14
    Papa Shango
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    Yep the main question that needs to be asked is, 'who gives a shit?'

    I think I know the answer an it's 'not me'


  16. #15
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    That club should just fold and be done with it. Absolutely no point having them around. Darlington of the champ.. League one


  17. #16
    It's all about mid-table...
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    Default Re: Coventry City in a real mess


  18. #17

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    Quote Originally Posted by Raymondo Ponte'
    Aren't we all?


  19. #18
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    Default Re: Coventry City in a real mess

    Apparently they pay £1.5m alone every season just to loan the stadium.
    I can't have too much sympathy for them because although we may be a league higher, things aren't exactly rosey in this garden.


  20. #19
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    Default Re: Coventry City in a real mess

    What's that? Dodgy foreign owners that will only settle for 100% ownership of a club ..... In league one. I'm glad our situation is taking longer if it means the club won't be used to launder money or end up like Blackburn (of the championship) in any way, I hope.


  21. #20
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    Default Re: Coventry City in a real mess

    Quote Originally Posted by puds1970 View Post
    Apparently they pay £1.5m alone every season just to loan the stadium.
    I can't have too much sympathy for them because although we may be a league higher, things aren't exactly rosey in this garden.
    Didn't know about the the stadium, what a complete shambles.


  22. #21
    TheDude
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    Default Re: Coventry City in a real mess

    Could be chucked out of their ground


  23. #22
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    Default Re: Coventry City in a real mess

    No chance of shifting them McGoldrick then.


  24. #23
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    Default Re: Coventry City in a real mess

    Sounds rather familiar to us really. We got lucky in finishing the right side of the relegation line and we got investors. Can't begin to imagine what that must be like!


  25. #24
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    Default Re: Coventry City in a real mess

    Don't have any malice for Coventry.

    Hope it works out OK for them.


  26. #25
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    Default Re: Coventry City in a real mess

    Bristol City apparently £14m in debt too.

    There are a number of Football League clubs in real financial sh*t at the moment; unsurprisingly, this seems to have gotten worse since the founding of the Premier League, and their consolidation of all the money...

    „The revolution will inevitably awaken in the British working class the deepest passions which have been diverted along artificial channels with the aid of football.“

 

 

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