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)
Unfortunately, our survey software seems to have developed a glitch, which meant that some of our members didn't receive an invitation to take part in the survey, but the system thinks they did.
Non-members should be able to respond through the "Fans' Survey" link on the main menu.Write comment (0 Comments)
Following a season where the Sky Blues team led by Steven Pressley have put in a great effort to retain their League 1 status set against a backdrop of record low crowds at Sixfields and continued frustration for Coventry City supporters The Sky Blue Trust today launches the first of its annual end of season surveys.
The survey aimed at both Trust members and non members looks to identify last seasons supporting habits as well as what fans are planning to do next season.
We also want to know what those completing the survey think about the actions taken by the key players in the ongoing dispute that has resulted in the hugely unpopular decision for the team to play matches outside of the city in Northampton.
There are also questions with regard to the proposed new stadium as well as the actual ownership of the club.
The Sky Blue Trust hopes as many people as possible will take time to complete the survey. Members will automatically be invited to participate but non members can take part by choosing "Fans' Survey" from the main menu, and registering.
The survey is open until 23/6/14. Results will be published shortly after the closing date.
Page 74 of 82