Where will Coventry City be in 12 months time?
One of my fellow bloggers described us as a 'Soap Opera'. The new CEO describes us as a 'bit of a basket case' and the stories and board room changes keep rolling on. We have gone from famine to feast with the amount of club officials who now suddenly want to talk to the press and fans.
To add to the sense of pantomime that surrounds the club at the moment. The taxman turns up at the Ricoh Arena to seize assets because of unpaid PAYE bills. Are they the only people who don't know we don't own the ground!
It could only be more comical if they had left with the goalposts and some balls!
Seriously though, what on earth is going on at the City?
The tax is now paid and the creditors and other un-paid bills appear to be paid, according to the board. The company accounts should also be published soon which should make interesting reading to say the least!
The new chairman tells us SISU nearly pulled the plug on the club over the weekend. Why didn't they you wonder?
Maybe they are on the verge of new investment or a new buyer? If the club went into administration then SISU would get very little if anything back. If it is solvent then there is a chance they could get some of their investment back when they sold it.
SISU also state that the club is not for sale?
A statement I just don't understand. If a so called investor did come in, they would want something in return for their money. Either a stake in the club, interest on money loaned or shares etc. Investors who give money away for free are rare!
Lets face it, SISU bought the club because they thought they could make money out of it. The fact they haven't is down to them.
So like all City fans I am still very concerned about the future especially when the new Chairman says they are not sure if they have enough money to get through to the end of the season without further funding!