Coventry City confirmed on Wednesday night that Sconset Capital LP are the new owners of Sky Blue Sports & Leisure the company that was used to purchase Coventry City FC Holdings Ltd.
Sconset Capital LP is described as the "world's smallest hedge fund" with a managing partner in Timothy P.Connolly, who is based in New York. http://misstrade.me/2010/02/26/tim-connolly-worlds-smallest-hedge-fund-sconsetcapitalsconset-capital-talks-long-and-short-with-misstrade-matt-davio/
Sconset Capital LP owns 13150 shares in SBS&L with former CCFC Director Leonard Brody having 548 shares.
A club spokesman told The Mirror: “Sconset is 100 per cent controlled by SISU Capital Limited, and it is SISU that has full management control of the parent company, and of the football club.”