ohitsaidwalker king power
Well-Known Member
ACL – jointly owned by Coventry City Council and the Alan Higgs charity – has made the application to the High Court for administration over £1.3m in arrears, racked up after the club stopped paying rent, arguing they were being vastly overcharged. A judge is due to look at the case on Friday.
This could force out Mayfair-based hedge fund owner Sisu, which has ploughed more than £40m into the club and had hoped to acquire a stake in the Ricoh.
Potential American investors have been to the Ricoh Arena on two occasions, one being last week’s Colchester game, and understood to have been given a tour by ACL interim chief executive Jacky Isaac.
However, although ACL have seized the initiative to force a change of ownership, Sisu could turn the tables as the apparent end game plays out.
http://www.coventrytelegraph.net/news/coventry-news/american-tycoon-eyes-sky-blues-3013764
They have met with PHIV on numerous occasions since. And I'm sure sisu have complained about this in the JR.
The JR that was thrown out with distain by the judge or the one pending appeal that delays any possible attempt at reconcilliation?