The company set up by Ray Ranson and SISU to run Coventry City has debts of over £32m.
According to latest figures, Sky Blue Sports and Leisure Ltd of which SISU's Private Equity Fund have as a shareholding, has the following debts:
Creditors Falling Due within 1 Year - £10,694,710
Creditors Falling Due after 1 year - £24,102,589
TOTAL DEBT - £34,797,299
Debtors - £ 2,382,545
NET DEBT - £32,414,754
An additional contingent liability of a maximum of £6m would arise if the club is promoted to the Premier League by 2012/2013.