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Nope. The owner simply sold the club to a new owner. This not in any way the same as administration.

Don't know how this helps SISU at all as surely the contract for the use of the Ricoh will be between ACL and CCFC Ltd. Also not sure why administration by the club automatically wipes the debt. It doesn't. Simply means administrators are put in charge to find the best way to settle. ACL...

The story on the BBC website states that only a non-operating subsidiary has been placed into admin: The Coventry spokesman added: "This is merely a property subsidiary which owns no material assets and has no employees, on or off the pitch. "The club can confirm that all staff wages, PAYE...

As opposed to having the club liquidated? I know which option I prefer. This is a short term punishment that will allow long term improvement.

Nope. Shocking. With an offer of a 67% discount going forward and 10 years to pay off the current debt to ACL, SISU should have ripped their arm off to accept. The alleged additional costs quoted by Seppala muddies the water a little but would be interesting to see a breakdown of these...

Beat me to the posting. Gutted. Idolised him in my teens watching Cov. Get well soon Nuddy! http://nehandaradio.com/2012/12/16/adam-ndlovu-dies-in-horror-crash-peter-critical/

No we should pay for the facility that we currently use. And that is a top notch stadium far in excess of other league one stadia. The offer of a reduction to £400k per annum would reduce our rent to less than 10% of total overheads. Hardly a crippling cost for what should one of the major...

The other clubs are paying £114k for what sort of stadia? What capacity do they hold? How old is the ground and stands? Do they need overhauling and upgrading upon promotions to Championship? This is why the Ricoh is more expensive. It is a top notch stadium in its prime, with a 32,000...

No they will more than likely negotiate with ACL and actually accept the very generous offers that ACL are currently making to reduce that to £400k.

Thing is that CCFC are renting the Stadium is a facility an are paying on the basis of the quality of that facility. The Ricoh is a premiership standard stadium and at 32,500 capacity far outstrips league one grounds in terms of size and quality. That is why we pay more. Fishers and SISUs...

Sorry to burst your bubble but the only person who has embarrassed himself is you. OSB clearly demonstrates an understanding of how business actually works and not how the lay public thinks it works. And as an accountant myself I will happily back OSB on this....

Pffft. Only if our ground was comparable to other grounds in League One. The Ricoh is clearly larger and more modern, and is therefore more expensive to rent.....

Just landed at the Bell and the beers are in! PUSB! :-D

No! SISU are the financial backers who got us relegated to the lowest league position in half a century by destroying an already mediocre team. Thorn was the man stuck in the middle trying to do a job in next to impossible circumstances.

The squad barely escaped relegation the season before, largely under AB, and then had its spine torn out with the loss of King, Gunnarsson, Turner and Westwood. Fact.

Give Lewis Hamilton a Ford Fiesta to race F1 in, and he would have a poor win ratio as well. Doesn't make him a bad driver, just means he has the wrong tools for the job. Thorn did not have a competitive team for the championship and that is the main reason for the poor win ratio. He did...

Can you actually justify this statement? And by this I mean provide evidence that backs it up as opposed to your personal opinion. How is Thorn statistically our worst ever manager? If you are basing it on the fact that we were relegated from the Championship or maybe the teams win ratio...

Ha lol! Accounts are made up to 31st May.....

Nope. The books will cover the company trading year which for a football club will be either may-may or June-June as it needs to cover the entire football season. Will confirm shortly...

Ridiculous statement.... The guy loves the club and is desperate to do well here. He is clinging onto what little hope he can, as it would be unprofessional to lash out.