According to a letter sent to employees of Coventry City Football Club, Tim Fisher has told them that their jobs are safe under Otium Entertainment Group.
There had been talk of job losses and still could be if the club were to be moved out of Coventry and the level of support was down to the few hundred mark.
However, in a letter to staff, Mr Fisher says; "Under the employment of Otium, I sincerely hope the club's future will be significantly brighter"