Clock Ticks As Deal Hits The Brake

Last updated : 13 December 2007 By Covsupport
Reasons are still being sought as to why it appears if media reports are 100% correct that the deal to take over Coventry City by Ray Ranson and London based Hedge Fund SISU has hit a snag.

Things seemed ok yesterday when the parties met in Coventry. However, the CT reported that a stumbling block was hit and the deal appears to have been stalled.

With the Friday at 5pm dead-line getting increasingly closer, rumours abound that this is a deliberate ploy to let the club go into administration by SISU who will buy the club at a cheaper rate.

How true this is, we cannot say. But what is clear that the problems revolve around Mr Ranson and majority share holder Geoffrey Robinson.

It is understood that Mr Robinson is still looking for some form of recompense for the money he claims to have invested in Coventry City whilst Mr Ranson has been accused of trying to get the club on the cheap.

This latest news is proving unsettling amongst staff and supporters and we can only hope that an agreeable outcome for all can be achieved.