In all honesty the Higgs trust should not be taking any blame in this whatsoever, the trust was set up to help people in Coventry and in the past loaned money to CCFC to keep them alive. We have to remember that our previous owners sold our half share to the Higgs charity with i believe £4.5 million being paid to the club and a £2 million loan being written off. For this they have a half share in ACL and the lease of the Ricoh Arena, for which they have not made any profits or had any payments. So you could say they have £6.5 million tied up earning no interest or available for them to use.
For a year now CCFC have paid no rent for the Ricoh, ok ACL have taken the money from the escrow account and match day costs. But at the end of the day CCFC and Sisu, had a lot of years to renegotiate the rent and did nothing about it.
It now turns out the lease for using the Higgs centre was with CCFC Limited and has not been paid as this company is now in Admin. So it was down to CCFCH to sort this mess out but it was ignored and as the total debt was now £14k the academy is now suffering.
Yesterday morning Peter Knatchbull-Hugessen, chairman of the Alan Higgs Trust, was angrily insisting that there had been no communication and that the Sky Blues were refusing to respond to his letter, but he and the other Higgs trustees received an e-mail addressing some of the issues yesterday afternoon.