Mate, forgive me, but accusing a decent bloke you've never met or spoken to of spouting bullshit because it doesn't suit your little world view (one that involves you making money off a franchise club, let's remember) is pathetic. Reid won his tribunal against the CET, you might recall, and has consistently made the case that the CET surpressed reporting around things like the ACL bailout because of pressure from Coventry City Council.
As for all the other stuff that went on before and since, we've seen how much the Council cares about the club now - so you might want to rethink what you consider 'bullshit'. However, you won't, because you've got to justify your own grubby little business and like the Council you need Wasps and CCFC in place to maximise your returns.
I don't know about Les Reid, but it's patently obvious to me why you keep popping up here with your own brand of manure. So keep supporting Wasps mate, keep taking the cash they make you, and when the club's finally screwed by those you're making a few bob out of, don't come crying here because I (and I suspect many others) won't want to hear it.