New owners have links to Sisu
17 June ~ Late on Friday afternoon the administrator of Coventry City Football Club Limited, Paul Appleton, indicated that he had accepted a bid for the club from the Otium Entertainment Group ahead of three others. Otium are linked to Sisu, the hedge fund that have owned the club since 2007 and who own Coventry City Football Club (Holdings) Limited, the part of the business that was not placed into administration.
It was the outcome that many had expected but few had wanted as it means it is now extremely likely the club will be playing their games next season outside of the city of Coventry. The story of the last decade or so is a complex one that has been covered in great detail elsewhere but the immediate decision for Coventry supporters is whether they will attend "home" games at a ground in another town or city (the most likely venue being the Bescot Stadium in Walsall).
It's a huge decision to make for any supporter who regularly attends matches. Arguments have already begun as to whether support for the club itself overrides who the owners are, who the manager is and where they play their football.
At the other side of the debate are the moves towards a complete boycott of anything that would give money to the club, be it going to games or buying merchandise. Opponents of the first argument will say that a line has to be drawn somewhere, the comeback to the second is that the club's demise altogether may be hastened.
Over the weekend the Sky Blue Trust held a protest outside Sisu's London offices and a petition has been launched that asks the Football League to look into the sale process. The silence from the League throughout this drama has been deafening. Alex Wolstenholme