American property tycoon will move to buy Coventry if club slides into administration (6 Viewers)

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skyblue2k

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American property tycoon Preston Haskell IV is waiting to swoop for Coventry City should the club be placed in administration this week.

The Texan multi-millionaire wants to buy the League One club after the Ricoh Arena landlords applied to put the club into administration. Haskell, who looked to buy Leeds last year, is awaiting the outcome of the court case before making a move.

Bargain? Coventry could yet be a good buy for the right owner

The club’s owners, hedge fund SISU, are embroiled in a row with Arena Coventry Ltd over unpaid rent of £1.3m. If a High Court application is uncontested, Coventry will be placed in administration on Friday, suffering a 10-point deduction from the Football League in the process.

In todays Daily Mail
 
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B

Bluegloucester

New Member
skyblue2k said:
American property tycoon Preston Haskell IV is waiting to swoop for Coventry City should the club be placed in administration this week.

The Texan multi-millionaire wants to buy the League One club after the Ricoh Arena landlords applied to put the club into administration. Haskell, who looked to buy Leeds last year, is awaiting the outcome of the court case before making a move.

Bargain? Coventry could yet be a good buy for the right owner

The club’s owners, hedge fund SISU, are embroiled in a row with Arena Coventry Ltd over unpaid rent of £1.3m. If a High Court application is uncontested, Coventry will be placed in administration on Friday, suffering a 10-point deduction from the Football League in the process.

In todays Daily Mail
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Well it's down to Sisu, if this is true.
 
W

woody11462

Well-Known Member
It's starting to get interesting now because it appeared that SISU may have been trying to force ACL's hand by not paying the rent and hoping to get the ground on the cheap. They have said that administration is a possibility. But now it appears with stories like this SISU could lose out in a big way if someone was there to step in and take the club in the cheap. Especially a 'property tycoon' who would possibly show interest in investing and building on the surrounding land, making them a possible more council friendly option for selling the stadium.

I wonder if this rumour has been started by someone from the ACL side of things to try and get SISU to show their hand.
 
Diehard Si

Diehard Si

New Member
If true (I might wait until the Guardian or Times report it before believing it) then it shows there is someone waiting in the wings.

Getting Sisu to simply roll over and this person to take over before next season with no complications will be mission impossible.

Is going to be a long drawn out saga. Don't expect anything less.
 
torchomatic

torchomatic

Well-Known Member
torchomatic

torchomatic

Well-Known Member
Otis

Otis

Well-Known Member
Yep, jumping the gun a tad.

Which is probably what the cowboy will do too if he has a large armoury.
 
Grendel

Grendel

Well-Known Member
DazzleTommyDazzle said:
"Drooling over some yanks" .

You need to be careful, people might think you have an agenda......
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The only agenda is the club to succeed. This for a start would be a break from all past connections which includes Elliot and co.

He hardly has a great record in assessing future purchasers does he? Remember all our Christmases came at once last time.

The other tiny detail being overlooked is that administrators will decide to sell and who they sell to.
 
DazzleTommyDazzle

DazzleTommyDazzle

Well-Known Member
Grendel said:
The other tiny detail being overlooked is that administrators will decide to sell and who they sell to.
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It's the "tiny detail" that the administrators that would be in charge of a sale, that (in my opinion) makes a sale a more realistic possibility.

If it happens (and that's still a big if), I'd also agree that we don't know how any potential buyer would run the club. We never could know that.

However our current owners have sucked the hope out of many of us, so at least a new dawn (if it were to happen) would rekindle that hope.

If (that word again) we get new owners then I'll support them as I supported SISU and similarly would continue to support them until their actions persuaded me that the club would only have a realistic chance of advancing without them - which is where I got to with SISU.
 
S

shropshirecov

New Member
Diehard Si said:
If true (I might wait until the Guardian or Times report it before believing it) then it shows there is someone waiting in the wings.

Getting Sisu to simply roll over and this person to take over before next season with no complications will be mission impossible.

Is going to be a long drawn out saga. Don't expect anything less.
Click to expand...

'I might wait till the guardian report it!'
That's hilarious
 
Grendel

Grendel

Well-Known Member
coundonskyblue said:
<p>

I know that in practical terms this means nothing yet, but surely its a positive sign that someone is even remotely considering us?
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There will inevitably people who take a look. It's persuading to make the leap of faith and also to attract someone who is interested in developing the football club and not adjoining land.

Before that we will still have administration and the problems that will incur.
 
L

LarryGrayson

New Member
grendel ya remind me of somewon did ya used to post under another name sumwhere else
 
T

tippex9

New Member
Beware, the culture of American sports ownership is very different to ours. They do expect a profit making club, if it don't make money then they run it at base necessity till they can shift it on. Remember Liverpool & now Villa.

Also if he's a property tycoon, I'm pretty sure the interest is not the club but the stadium, the same motivation SISU have constantly been vilified for.

New buyers don't necessarily mean white knights....
 
lordsummerisle

lordsummerisle

Well-Known Member
tippex9 said:
New buyers don't necessarily mean white knights....
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They do, all new owners are brilliant and should never be questioned at all.

Not that there is fuck all we can do to influence who takes over, but would hope that if we do get any new owners there will be a little more questioning and openness to dissent than there was last time.

That should be the job of the Trust, but suspect they are more likely to be cheerleaders for any new owners than a "check and balance" on them.

If Elliott is involved again, they'll probably give him another life membership for saving us.

Again.
 
Grendel

Grendel

Well-Known Member
LarryGrayson said:
grendel ya remind me of somewon did ya used to post under another name sumwhere else
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There is only one me. Never use other forums. No one possesses my balanced and rational thought processes.
 
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