Next Three Weeks Crucial - Robinson

Last updated : 05 November 2005 By Covsupport

Coventry City Acting Chairman and major shareholder Geoffrey Robinson has said the next three weeks will be crucial as he and the Board look to restructure the club's financial arrangements.

Speaking to the CET,the Coventry MP said: "We are keen to look forward over the next three-week period. "We are working on a plan which will mean a restructuring of the company's finances to put the club on a sure footing for at least the next three years.

"As far as my own position is concerned, I am currently assessing the situation until I can make the right choice."

On whether there was a big money investor waiting in the wings, Mr Robinson said:"We haven't managed to find him yet but we will keep looking. "But in the meantime I am committed to restructuring the finances. "The belated opening of the stadium had a massive effect on the club in terms of lost potential revenue. "Gate levels, timing of matches and sales of merchandise in the shops were all hit badly and we now expect to make up some of that lost revenue.

"We have got to give ourselves the opportunity to overcome the disaster and setback of the stadium delay and exploit the tremendous financial potential to safeguard the future of the club."