American property tycoon will move to buy Coventry if club slides into administration (5 Viewers)

skyblue2k · Mar 19, 2013

American property tycoon Preston Haskell IV is waiting to swoop for Coventry City should the club be placed in administration this week.

The Texan multi-millionaire wants to buy the League One club after the Ricoh Arena landlords applied to put the club into administration. Haskell, who looked to buy Leeds last year, is awaiting the outcome of the court case before making a move.

Bargain? Coventry could yet be a good buy for the right owner

The club’s owners, hedge fund SISU, are embroiled in a row with Arena Coventry Ltd over unpaid rent of £1.3m. If a High Court application is uncontested, Coventry will be placed in administration on Friday, suffering a 10-point deduction from the Football League in the process.

In todays Daily Mail

Bluegloucester · Mar 19, 2013

skyblue2k said:
American property tycoon Preston Haskell IV is waiting to swoop for Coventry City should the club be placed in administration this week.

The Texan multi-millionaire wants to buy the League One club after the Ricoh Arena landlords applied to put the club into administration. Haskell, who looked to buy Leeds last year, is awaiting the outcome of the court case before making a move.

Bargain? Coventry could yet be a good buy for the right owner

The club’s owners, hedge fund SISU, are embroiled in a row with Arena Coventry Ltd over unpaid rent of £1.3m. If a High Court application is uncontested, Coventry will be placed in administration on Friday, suffering a 10-point deduction from the Football League in the process.

In todays Daily Mail

Well it's down to Sisu, if this is true.

usskyblue · Mar 19, 2013

Never trust a yank

Bluegloucester · Mar 19, 2013

Especially with daddy's money. Joy must be rubbing her hands. Lol

TheRoyalScam · Mar 19, 2013

Daily Mail - must be true

Bluegloucester · Mar 19, 2013

TheRoyalScam said:
Daily Mail - must be true

Not the usual source

coundonskyblue · Mar 19, 2013

Sisu, the only game in town. Oh wait..

woody11462 · Mar 19, 2013

It's starting to get interesting now because it appeared that SISU may have been trying to force ACL's hand by not paying the rent and hoping to get the ground on the cheap. They have said that administration is a possibility. But now it appears with stories like this SISU could lose out in a big way if someone was there to step in and take the club in the cheap. Especially a 'property tycoon' who would possibly show interest in investing and building on the surrounding land, making them a possible more council friendly option for selling the stadium.

I wonder if this rumour has been started by someone from the ACL side of things to try and get SISU to show their hand.

lordsummerisle · Mar 19, 2013

What happened to him taking over Leeds?

Ccfcisparks · Mar 19, 2013

Please please let him wear a cowboy hat

@richh87 · Mar 19, 2013

American property tycoon will move to buy Coventry if club slides into administ

lordsummerisle said:
What happened to him taking over Leeds?

What happened to SISU taking over at Southampton?

Diehard Si · Mar 19, 2013

If true (I might wait until the Guardian or Times report it before believing it) then it shows there is someone waiting in the wings.

Getting Sisu to simply roll over and this person to take over before next season with no complications will be mission impossible.

Is going to be a long drawn out saga. Don't expect anything less.

Flying Fokker · Mar 19, 2013

http://www.dailymail.co.uk/sport/fo...kell-IV-buy-Coventry-City-administration.html

Osullivan18 · Mar 19, 2013

http://www.coventrytelegraph.net/ne...oves-closer-to-administration-92746-32984785/

This was from a few days ago, an American seen with Joe. All coming together?

Otis · Mar 19, 2013

Ccfcisparks said:
Please please let him wear a cowboy hat

Surely we don't want a cowboy do we?

He would more than likely just ignore us and only concentrate on his beloved Spurs.

Grendel · Mar 19, 2013

Osullivan18 said:
http://www.coventrytelegraph.net/ne...oves-closer-to-administration-92746-32984785/

This was from a few days ago, an American seen with Joe. All coming together?

Yes like the last time Elliot and co were drooling over some yanks who then took one look at the books and ran a mile.

torchomatic · Mar 19, 2013

It might be best to wait and see if it happens before gloating.

Let's hope it's true.

coundonskyblue said:
Sisu, the only game in town. Oh wait..

torchomatic · Mar 19, 2013

It might be best to wait and see if it happens before gloating.

Let's hope it's true.

coundonskyblue said:
Sisu, the only game in town. Oh wait..

DazzleTommyDazzle · Mar 19, 2013

Grendel said:
Yes like the last time Elliot and co were drooling over some yanks who then took one look at the books and ran a mile.

"Drooling over some yanks" .

You need to be careful, people might think you have an agenda......

Otis · Mar 19, 2013

Yep, jumping the gun a tad.

Which is probably what the cowboy will do too if he has a large armoury.

DazzleTommyDazzle · Mar 19, 2013

Otis said:
Yep, jumping the gun a tad.

Which is probably what the cowboy will do too if he has a large armoury.

Ooojh matron (in a Kenneth Williams voice)

Grendel · Mar 19, 2013

DazzleTommyDazzle said:
"Drooling over some yanks" .

You need to be careful, people might think you have an agenda......

The only agenda is the club to succeed. This for a start would be a break from all past connections which includes Elliot and co.

He hardly has a great record in assessing future purchasers does he? Remember all our Christmases came at once last time.

The other tiny detail being overlooked is that administrators will decide to sell and who they sell to.

AFCCOVENTRY · Mar 19, 2013

This guy wasn't taking over at Leeds but bates wanted him as a key investor.

lordsummerisle · Mar 19, 2013

@richh87 said:
What happened to SISU taking over at Southampton?

They weren't stupid and didn't haven't people like "Born-again" Ginetta saying how stupid they were for not letting Ranson take them over.

coundonskyblue · Mar 19, 2013

torchomatic said:
It might be best to wait and see if it happens before gloating. 
 
Let's hope it's true.

I know that in practical terms this means nothing yet, but surely its a positive sign that someone is even remotely considering us?

DazzleTommyDazzle · Mar 19, 2013

Grendel said:
The other tiny detail being overlooked is that administrators will decide to sell and who they sell to.

It's the "tiny detail" that the administrators that would be in charge of a sale, that (in my opinion) makes a sale a more realistic possibility.

If it happens (and that's still a big if), I'd also agree that we don't know how any potential buyer would run the club. We never could know that.

However our current owners have sucked the hope out of many of us, so at least a new dawn (if it were to happen) would rekindle that hope.

If (that word again) we get new owners then I'll support them as I supported SISU and similarly would continue to support them until their actions persuaded me that the club would only have a realistic chance of advancing without them - which is where I got to with SISU.

shropshirecov · Mar 19, 2013

Diehard Si said:
If true (I might wait until the Guardian or Times report it before believing it) then it shows there is someone waiting in the wings.

Getting Sisu to simply roll over and this person to take over before next season with no complications will be mission impossible.

Is going to be a long drawn out saga. Don't expect anything less.

'I might wait till the guardian report it!'
That's hilarious

Grendel · Mar 19, 2013

coundonskyblue said:


I know that in practical terms this means nothing yet, but surely its a positive sign that someone is even remotely considering us?

There will inevitably people who take a look. It's persuading to make the leap of faith and also to attract someone who is interested in developing the football club and not adjoining land.

Before that we will still have administration and the problems that will incur.

sw88 · Mar 19, 2013

Anyone who has Roman numerals after their name must be a genuine person wanting to buy a football club.....

LarryGrayson · Mar 19, 2013

grendel ya remind me of somewon did ya used to post under another name sumwhere else

tippex9 · Mar 19, 2013

Beware, the culture of American sports ownership is very different to ours. They do expect a profit making club, if it don't make money then they run it at base necessity till they can shift it on. Remember Liverpool & now Villa.

Also if he's a property tycoon, I'm pretty sure the interest is not the club but the stadium, the same motivation SISU have constantly been vilified for.

New buyers don't necessarily mean white knights....

Taga · Mar 19, 2013

Interesting that he owns a casino....and a vineyard

lordsummerisle · Mar 19, 2013

tippex9 said:
New buyers don't necessarily mean white knights....

They do, all new owners are brilliant and should never be questioned at all.

Not that there is fuck all we can do to influence who takes over, but would hope that if we do get any new owners there will be a little more questioning and openness to dissent than there was last time.

That should be the job of the Trust, but suspect they are more likely to be cheerleaders for any new owners than a "check and balance" on them.

If Elliott is involved again, they'll probably give him another life membership for saving us.

Again.

Grendel · Mar 19, 2013

LarryGrayson said:
grendel ya remind me of somewon did ya used to post under another name sumwhere else

There is only one me. Never use other forums. No one possesses my balanced and rational thought processes.

pusbccfc · Mar 19, 2013

Who's to say this bloke won't be paying the rent in 5 years time and not funding the club?

American property tycoon will move to buy Coventry if club slides into administration (5 Viewers)

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