The Sky Blue Trust Board note the outcome of today’s hearing at the Birmingham High Court where Sisu Capital Limited – under the guise of Sky Blue Sports & Leisure Limited, Otium Entertainment Limited (Coventry City FC) and Arvo Master Fund – sought permission to bring a second judicial review into the conduct of Coventry City Council. This case concerned the sale of the shares in Arena Coventry Limited to Wasps Holdings (the rugby club) and the extension of the leasehold term for the Ricoh Arena.
Once again, Sisu have lost a court room battle connected to the Sky Blues affairs, it would appear decisively. Surely, it is now time for Joy Seppala, boss of Sisu, to call it a day? We appeal to Joy and her partner, Dermott Coleman, to accept the decision of Mr Justice R Singh and stop this ongoing legal process. Please do not follow your usual course of action by appealing in an attempt to circumvent this latest ruling.
What is particularly concerning is that Wasps, the landlords of CCFC at the Ricoh Arena, were the main target of today’s litigation, which contained a damages claim. That can hardly be helpful for our football club, as there is just one season left on the current agreement to play at the Ricoh and there is currently no alternative. The bridge that now needs re-building with Wasps is a daunting task.
We were then disturbed to witness video of Ms Seppala refusing to answer reasonable questions from Simon Gilbert of the Coventry Telegraph, regarding the case and the future for CCFC. This showed apparent distain, not just for the inquirer but more important, for supporters of the club.
Therefore, the Board of the Trust wish to send this message: Joy, there is no future for you, your Company, investors or your associate Tim Fisher at Coventry City. You have failed on every measure, whether it is your litigation-driven business strategy or – far more important to us – issues related to the stewardship of the Sky Blues. It is now time to accept that “Enough is Enough”, negotiate a sale at a realistic market value to people that actually care about the football club, its supporters and the City of Coventry.