The Sky Blue Trust has, for several years, taken the view that the future of Coventry City FC can only be sustained if the current owners, SISU, sell to new owners who are prepared to show some ambition and care for the Club. The Trust has noted with interest the bids made recently by a consortium of potential investors coordinated by Gary Hoffman. We were encouraged to hear the recent positive remarks of one of those investors, Richard Overson,
Following some helpful, open discussions between representatives of the Trust and the consortium, the Trust Board is now able to announce that we intend to work together in partnership with them, to take steps to purchase the Club from SISU. The intention is that, if such a purchase seems able to proceed, some of the funds needed to buy the Club and invest in a successful future would be raised from supporters via a community share issue. This type of scheme has been used by many supporters’ groups in recent years and was described at the Trust’s open meeting with Supporters’ Direct a few months ago.
No decisions have yet been taken on the level or the timing of any future bid to buy the Club, as everyone is waiting for contact from Joy Seppala. There are many details which would need to be settled about a business plan for the Club following purchase (although the consortium has already shared with us what seems to be a very sensible plan for stability, sustainability and long term success), the extent of fans' representation and engagement with the Club’s board and other aspects of its future management. Those will take place over the coming weeks and months.
The consortium also has plans for the long term for Coventry City to be playing its home games in the City of Coventry. The Trust and the consortium members share a few simple overriding aims: to restore pride in our football Club and secure its success, climbing back up the leagues to where we belong. We will rebuild amicable relationships with all the relevant stakeholders, which have been destroyed by SISU, to place Coventry City back in its role as a major asset for the City of Coventry.Write comment (4 Comments)
In accordance with Rule 63 of the Trust’s Constitution, three current Board members must resign each year. This year, they are Moz Baker, Steve Brown and CJ Joiner. They are all entitled to put themselves forward for re-election. There is also a further unfilled vacancy caused by the resignation of a Board member last year.
The election of Board members must follow the procedure set out in our Election Policy, agreed by last year’s AGM.
Nomination forms are now available, by downloading the attached document, for Trust members wishing to seek election to the Board.
The election will be carried out to the following timetable:
- Closing date for nominations - 26 June 2017
- Confirm number of eligible nominations - 28 June 2017
- If number is four or less, those nominated are elected at AGM
- If number is five or more, ballot papers issued - 30 June 2017
- Election results announced at AGM - 17 July 2017
Secretary, the Sky Blue Trust
22 May 2017
23 January 2017, 7:30pm at The Albany Club, Earlsdon Street
Over 20,000 people have signed the Coventry Telegraph petition calling on SISU to put Coventry City up for sale. Campaigning, involving large numbers of City fans, is producing a clamour for that to happen, which grows in strength by the day and which has received clear backing from many respected people in football. What can supporters do to try to bring that about? Could fans be involved in buying the Club from SISU and seeking to reverse the appalling decline of the last 9 years.
The national organisation, Supporters Direct, has been working since 2000 to help supporters gain influence in the running and ownership of their club. The meeting will hear from representatives of Supporters Direct about the numerous examples of successful supporter ownership of Clubs, both in their entirety and in partnership with wealthy investors. The meeting will explore how possible supporter ownership should be tackled. Supporters Direct and Trust representatives will then describe possible ways forward in Coventry involving, as necessary early steps, a process of consulting and informing Coventry supporters on the opportunities and issues involved.
All City supporters are welcome to attend the meeting at the Albany Club, 10 Earlsdon St., Earlsdon, at 7:30pm on Monday 23rd January 2017
Click the button below to register
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