Coventry City FC (The Bantams, Sky Blues)

Tomorrow is "D Day". The High Court will decide if SISU's or ACL's administrator is in charge. Just pray it's the one from ACL.

£60,000,000 in debt! How?

How can you trust these people at all? Tim Fisher said earlier in the season that there was NO debt. The film clip was on the lunchtime news. So either the club has been losing £10m a month or, he was telling fibs. The more I hear of this sorry fiasco, the more I despair for the future existence of the club.

It's why I find it hard to believe anything SISU say. It was blatantly clear the club had debt. All he had to do was say no external debt or bank debt and he'd have been fine, but he didn't. The £60m is largely owed to SISU (their £50m investment) with the rest probably the rent arrears, outstanding wages, taxes etc. I've no problems with SISU putting their money in as loans and other forms of debt - it would be ridiculous to expect it to be gifted to the club, but many people aren't versed in finance and how it works and therefore aren't able to quite get their head around it. A lot of people see £50m investment and assume it means it's been given to the club. Similarly when they see no debt they expect that to mean no debt. As for where it all comes from again few people can't get their heads around the stupid amounts of money that goes into players pockets. This season if you take the supposed average weekly wage of a league 1 player at £2k per week with a squad of around 30. That's £3.1m a year just in player wages. At Championship level that average rises to around £8k so that's £12.5m a season! When you consider we had the likes of Marlon King on anything between £15-20k a week (£750k - £1m pa on one player alone!) and others like Freddy Eastwood, Clinton Morrison and Kevin Kyle on £8-10k a week in the last few years, it's easy to see where the money goes. Even a first year academy graduate, Ashley Cain, despite only spending one year as a pro with us before joining a host of lower league clubs was on TV recently and it showed a picture of him in a brand new house with a Mercedes in the drive! The rent is a pittance in comparison to what the players get.

Owning a football club is to say the very least a risky business. Unless your team is in the Premiership it has no chance of making money. When SISU purchased the club for a measly £1 plus an inherited debt of some £8 million to the tax man, they also took over the cost of running the club. To do this they needed to get the club promoted to the Premiership, which involved some serious outlay which was not forthcoming, in fact they proceeded to sell off all the best players for UNDISCLOSED fees. This caused the inevitable relegation to the 1st division and the subsequent loss of revenue. The owner cannot lend himself funds and expect the club which he owns to reimburse him. Losing money is part and parcel of owning a lower league football club.

After reading what you lads have to say, here's me thinking players played for the love of the game and proving their worth, instead of how much money they can get out of it. Given their careers are not long ones, and they probably realise that at the onset. A new house and a Mercedes does not a good player make!

Just reported on BBC radio that the remaining three home games WILL be played at the Ricoh but what happens next?

Hello MisterD-Di The interview that Mr. Fisher gave was what accountants call a prevarication. "Waffle designed to hide the truth". That is often a characteristic of a toxic boardroom. I cannot share my honest belief on this issue, as our site forum is not intended to provoke. Our hope for the future is that the likely points deduction, is not a lot more than is being talked about, if the league authority feel that they have been deliberately hoodwinked too.

BREAKING NEWS Coventry City have been deducted 10 points by the Football League. A High Court hearing in London on Tuesday ruled that the League One club was "in administration". City were taken to court to face an administration order from their Ricoh Arena landlords, Arena Coventry Ltd, over a year's unpaid rent of £1.3m. The deduction means the Sky Blues, who have seven days to appeal against the decision, slip from 10th to 14th in League One.

Football Crazy Sky Blue Song Please remember that a huge hurdle remains. A football club that needs to be able to pay for its own way, not just 70% of its costs week by week.

Its just been announced that Coventry FC (Holdings) have withdrawn their appeal against the 10 point deduction!

Hi all, I am not going to go into the politics of this, our site is not for that. What we can draw on is the general scenario of the wisdom or otherwise of the councils involvement & commitment to the Ricoh. If we were in a free spending time, not as at present with cuts to services, this might not have been such an issue. As it is, it is usually a good idea to make sure that a pot of dosh is not over-allocated by different people tapping into it. That is why on any cost control there must only ever be one controller. Town Halls are sometimes not the best at doing that. Any pot of a contingency is always at prime risk of this kind of misapplication, where two or more bods might think that it is all of theirs. Enough said as I have no access to the facts & the more we go down the road on this whole sorry state, the more we realise the biggest short-coming is actually knowing the facts from the fiction, from years of false statements & rubbish. ps. I have said before, that I know next to nothing about the game of football, but what I do know is that this game of blind mans bluff, is either killing or has now killed our cities football team. I do know the rules & the business implications for our teams survival.

Contingency plans in place for Ricoh exit : BBC Sport

Tim Fisher says CCFC have left the Ricoh Coventry Telegraph CCFC Website

I have to confess that I was never a soccer fan but this news saddened me. Throughout the bad times Coventry suffered during the '70s and '80s, the Sky Blues were a beacon of hope for many in the city. And now one more aspect of Coventry's identity is set to disappear. Although my family and I moved up to Cumbria over 25 years ago, I still feel the loss of so much of the city that I grew up in and loved.