Ranson and Facebook rumours (1 Viewer)
- Thread starter hackneyfox
- Start date
BenInTurin
Facebook User
You forget he isn't a majority shareholder. He was here to run the club but that's pretty much impossible when the owners sell your best players. They keep saying SISU are in for the long run but what's the point if you keep losing you best players.
sternslovchild
New Member
If he sells his steak, we could be left with just the rump of a Board.
Meanwhile Platt shanks it over.
Sky_Blue_Daz
Well-Known Member
Just spotted Dhinsa coming out of Ladbrookes with a slip with Cov to get relagated maybe he's put £3 million on it then take us over
Sky_Blue_Daz
Well-Known Member
They should all get the chopIf he sells his steak, we could be left with just the rump of a Board.
DazzleTommyDazzle
Well-Known Member
Disorganised1
New Member
I won't mince my words - the problem is the board - they're loin to us.
fellatio_Martinez
Well-Known Member
Wow, puns.
I wish I had the inventiveness to do one of those.
I wish I had the inventiveness to do one of those.
Mumford and Daughter
New Member
RR leaving shows how much turmoil is going on in the backroom. Obviously the club is struggling financially but i think the King deal to Cardiff was the final nail in the coffin.
SkyBlueScottie
Well-Known Member
Ranson takeover wiped out debts
Coventry City narrowly avoided administration in 2007
Coventry City had debts of around £33m by May 2007 before the takeover by Ray Ranson and Sisu wiped most of them out.
The latest published accounts also show the club costs were rising and that the Sky Blues had made a £2.8m loss in the financial year.
The deficit came despite making a £4m profit on the sale of players like Gary McSheffrey to Birmingham City.
City avoided going into administration by a matter of minutes last December by accepting Sisu's takeover terms.
Staff costs rose from under £6m to over £8m, while match receipts fell slightly to £5.3m, but this was offset by a slight increase from other commercial avenues including television money.
The then directors Mike McGinnity, Sir Derek Higgs and Geoffrey Robinson were owed £2m, while Robinson and his Craigavon company were owed a further £11m.
The report confirms that most of those debts were written off in the takeover which also saw Ranson become the new Coventry chairman
it would be so interesting to know the actual facts, because looking at that and taking it at face value, along with investment made by Sisu, we should actually not be in that bad shape!
Coventry City had debts of around £33m by May 2007 before the takeover by Ray Ranson and Sisu wiped most of them out.
The latest published accounts also show the club costs were rising and that the Sky Blues had made a £2.8m loss in the financial year.
The deficit came despite making a £4m profit on the sale of players like Gary McSheffrey to Birmingham City.
City avoided going into administration by a matter of minutes last December by accepting Sisu's takeover terms.
Staff costs rose from under £6m to over £8m, while match receipts fell slightly to £5.3m, but this was offset by a slight increase from other commercial avenues including television money.
The then directors Mike McGinnity, Sir Derek Higgs and Geoffrey Robinson were owed £2m, while Robinson and his Craigavon company were owed a further £11m.
The report confirms that most of those debts were written off in the takeover which also saw Ranson become the new Coventry chairman
it would be so interesting to know the actual facts, because looking at that and taking it at face value, along with investment made by Sisu, we should actually not be in that bad shape!
