Coventry born music mogul Pete Waterman had a bid to buy Coventry City FC turned down by owners SISU.
The former Stoke Heath resident had put together a syndicate of ex players and household names but their bid, which is understood to have been made a while ago, failed when SISU Boss Joy Seppala demanded the amount that she claims SISU have invested in Coventry City (£45m +)
More on this; http://www.coventrytelegraph.net/news/coventry-news/pete-waterman-failed-bid-take-3568932?