Immediately gone into admin and renegotiated the rent.
Not particularly ethical but fuck it, other teams have done it so honesty I wish we had before the penalties came in. A sliding rent scale should have been the original deal IMO and admin would be the perfect catalyst for renegotiation.
Made a massive push on fan engagement, cheap STs for those that had one when we got relegated, elected fan/s on the board. The works. Connect with local businesses, especially pubs near the Ricoh and people like Gary who does the coaches and the guy who does the canal boat. Make it a more coordinated effort, anyone trying to get fans to games is helping the club. Send reserve players along to local pubs, hold post match "press releases" in the casino so fans can ask questions. Put the club at the heart of the community. Free season tickets for all Primary School kids in coventry (with a paying adult per so many kids)
Follow the Ranson transfer model: spend on scouting young players who can be sold on for cheap, except this time don't sell at the first sight of cash.
Develop the academy. Immediately hire Rioch as he's been the best acquisition since relegation. Aim to fill 4/5 first team places and a couple on the bench.
Get a good long term manager in. I think Robins is the first manager since relegation I'd trust with a seriously long term contract. Stability was a big issue in our decade in the Championship.
Stick to a competitive, but affordable wage structure. Small losses (below say £1m/year) would be acceptable but nothing that puts the club at serious risk.
Reduce the capacity of the Ricoh to 22/25k for most matches once attendances start dropping off, even lower if needed. I know some people have an issue with it but IMO the Sheff Utd game proved that point.
Start negotiations on buying The Higgs share in the Ricoh. Develop the ground around with restaurants pubs/clubs. Make it a night time destination, use the canal as an attraction, get families to go to the Ricoh and stay there all day. Double the amount of concerts there. We should be stealing the NECs business. All of this would push the decision on the station our way earlier as well.