Ranson Still Avoiding SISU Questions

Last updated : 07 May 2009 By Covsupport News Service
Coventry City Chairman Ray Ranson is maintaining his silence regarding SISU and their affairs.

Whilst most City supporters are quite happy that we have a club to support, the Coventry Telegraph have tried to seek answers to ten questions.

These questions include:

How much money does the club estimate is needed for promotion and how much money could be available for players for next season?

What is the latest estimate of losses for 2008/09?

What Is SISU worth in total?

Why can funds not be made available by SISU to make a formal bid to exercise the buy back option on the Higgs Charity fifty per cent stake in ACL?

What are the major challenges to the Sky Blues and SISU's business resulting from the recession?

How long will SISU be at Coventry City?

City Chairman Ray Ranson responded to the questions by saying to the CT's Les Reid: "Since we took over the football club 18 months ago - saving it from administration and therefore certain relegation to League One - we have wiped out almost £40m of long term creditors and debts, strengthened the team and improving the quality of the squad, invested in the training ground and improved communications with our supporters.




"Off the pitch, we have worked ever closer with ACL to reduce overheads and improve the Ricoh experience. Of course, like every business the economic downturn is affecting us. That said, we have reduced season ticket prices in many areas of the ground.

"We continue investing in the club across the board as promised and will look to strengthen the squad in the summer. However, no sensible club would highlight which players they are looking to buy and how much money it has to spend.

"We said when we arrived it would take time to build a better squad with talented young players, blending youth and experience and the feedback we get from supporters is that we have kept to that promise and we believe they trust us to do the same again in the coming months, something which appears to have been reflected in the early season ticket sales.

Lastly, we do believe we have been more open with supporters, holding fans forums and we volunteered to meet the former shareholders and share information - a course of action which has evidently sparked this level of questioning."