Two Sky Blue Trust members - Chris Winter and Roger Ellis - are taking part in a sponsored walk up Snowdon on Sunday 29 June 2014. They will be raising money to help meet the costs of the Sky Blue Trust March in Coventry City Centre to take place on 12 July 2014.
The Snowdon sponsored walk is being organised by our friends in the Wrexham Supporters' Trust. This year is the 150th anniversary of the formation of their club. To mark this, 150 of the Wrexham Trust’s members will be taking part in the walk. They have invited other Supporters’ Trusts to nominate two people each to take part. In addition to the two from Coventry, other clubs to be represented include Bury, Hereford, Port Vale, Blackpool, Kidderminster, Huddersfield, Wycombe, FC United of Manchester, 1874 Northwich, Worcester City, Chester, Newcastle, Tottenham, Grimsby, Plymouth, AFC Hinckley and Shamrock Rovers. All those taking part will wear their club shirts and pose for a massive team photo at the summit.Write comment (0 Comments)
Members of the Sky Blue Trust are invited to attend the Annual General Meeting of the Trust on Monday 21 July 2014, starting at 7.30pm at the Squirrel Public House, Greyfriars Lane, Coventry, West Midlands CV1 2GY
The business to be carried out at the meeting is as follows:
1. Minutes of AGM - 1 July 2013
2. To receive the Accounts for the year ended 31 January 2014.
3. Amendment of Trust Rules - to consider a report of the Secretary
4. Election Policy - to consider a recommendation of the Board to adopt an Election Policy.
5. Board Membership and Conduct Policy - to consider a recommendation of the Board to adopt a Board Membership and Conduct Policy
6. Consideration of any resolution(s) notice of which has/have been given to the Secretary.
7. Open Forum for Members.
8. AGM adjourned to 13 October 2014, to conduct election of Board members.
Copies of the documents to be considered at the AGM, referred to under items 2, 3 4, & 5 above are attached below. Copies of any resolutions submitted by Members will also be made available on the website before the meeting.
Members who may wish to appoint a proxy to vote for them at the AGM may do so by using the form attached aqt the end of this article.
Any member who has any queries about the AGM or the business to be conducted should contact the Secretary on the email address given above.
Please note that, as explained in the report for item 4 above and stated in item 8 above, the AGM will be adjourned to Monday 13 October 2014, at 7.30pm, also at the Squirrel, to conduct the election of Board members. Separate notice of that adjourned AGM will not be given to Members so please make a note of the date.
Secretary, the Sky Blue Trust.
Coventry City director Mark Labovitch has announced a fans forum to be held on 27th June at the Parish Centre of the Church of Christ the King. He says that he thinks the Ricoh Arena dispute can't be properly resolved while so many of the key facts are kept covered up from fans, and wants ACL and the Council to answer questions along with others.
Certainly there are questions to be answered, but the time for the blame game has long gone. What is important is the future of our club.
The Trust has asked, but been unable to obtain proper and detailed answers from the owners/directors, to the following :
- With the extremely low level of income base at Sixfields how can the directors put together a competitive player budget that meets the Salary Cost Management Protocol?
- Which players are out of contract in June 2014 and 2015? What are the plans for bringing players in and will we avoid an FL embargo this year?
- What is the connection between ARVO Master Fund Limited and the group of companies known as SISU aside from being joint shareholders in Otium?
- What assets were acquired by Otium Entertainment Group from Coventry City Football Club Ltd and Coventry City FC (Holdings) Ltd and at what value?
- The last accounts said there was an “intention” to continue to fund but not a “contractual certainty” does that mean the loans can be called in at any time?
- Will any, or have any of the costs of the dispute with ACL/Charity/Council become a liability of Otium or CCFC either directly or indirectly?
- How much is the annual interest liability on borrowings from ARVO and SISU investors? How will these payments be financed?
- Why are the amounts owed to ARVO and SBS&L £42m now shown as payable within 12 months rather than long term liabilities?
- How is £42m in borrowings, the funding of a new £20m stadium plus current losses until the stadium is built sustainable? In 3 years time that could be over £70m.
- Do player sales form part of the plan to meet loan and loan interest repayments?
- What is the targeted level of income expected from building the club's own stadium and how much of that income will be available to the football team? If all of it, how will the loans and interest be repaid?
- Most importantly, when is our team coming back to its home in Coventry?
If you plan to attend this forum feel free to use these questions.
If you do not get proper answers ask them
WHY NOT?Write comment (1 Comment)
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