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Food and drink sales. I suspect the £700,000 quoted by TF is turnover - and not profit. Having worked in food all my life then then the gross margin (profit) would be in the region of £375,000 with costs to come out. I suspect that cost would take out circa £250,000 leaving about £125,000...

If true, to admit to this is very unwise - he can not have taken proper legal advice before making that statement. The ramifications are HUGE! This is spin to justify Holdings being the football club. It is almost laughable. The accounts were audited - so questions need to be raised about...

That's a good point. I do suspect SISU have been 'negotiating' for some time when there was a simple 'Buy It Now' price to calculate. Perhaps if they had paid the formula price, the Council wouldn't have used its veto?

I think this is exactly what you'd expect from Fisher. He seems to forget that the Club sold the rights to match day income BEFORE SISU bought the club - a fact that was known at the time of their takeover. As one of the shareholders that had his shares 'taken' by SISU (I didn't sign them...

These complexities need to left to the administrator. If you read their report they didn't miss this. To quote their Point 6 - Action Taken By the Administrators the second paragraph reads: "In addition to the foregoing, significant investigatory work has been undertaken in an attempt to...

This is absolutely the point. What Fisher signs (accounts etc) is at odds with what he says. That is the problem. I was a shareholder up until the SISU takeover. For the record I didn't sign my shares over to them and I still have the shareholders certificate. Historically Holdings was...

It seems to me that the only people saying the Golden Share is in Holdings is SISU. The Football League and administrator both confirm that the share is in CCFC Ltd. SISU are doing this to muddy the waters - which will mean litigation for months. My concern is that there might not be a...

It doesn't work like that. Holdings isn't in administration - only the football club is. SISU don't have control over CCFC Ltd - the administrator does. The company and its assets (such as they are) are his to sell or do with what he pleases so long as he acts 'in the best interests of...

The Football League is a 'closed company' where shares are only transferred with the consent of the Football League's directors. Their statement and 10 point deduction is conclusive evidence that their share is in Coventry City Football Club Ltd. The administrator has confirmed that he...

I heard a while back that SISU had done a debt for equity swap and wiped the club's debt to them clean... IF this is true (and we can't see the accounts to verify this) the reason they might have done this was to protect their investment i.e. their auditors may have insisted that there was no...

I think there is no doubt that the Football League share is in the company that was placed in administration - this was confirmed by the administrator. SISUs lawyers have made a claim on the share to the administrator however, it is unlikely that it would be allowed. The Football League is a...