guicey15
New Member
Rumours abound that Coventry City's owners SISU are setting up a new company.
It is believed that this new company will have all of the club's debts (although whether this includes monies supposedly owed to previous Chairmen, ex employees etc which has been deferred until such time as the club is promoted to the Premier League is unknown), transfered to it and then be placed into administration, supposedly leaving CCFC debt free.
http://www.coventrycity-mad.co.uk/n...wn_the_aministration_route_710312/index.shtml
UPDATE:
Otium Entertainment Group Limited is being seen as one possible company which may have the debts of Coventry City transferred to it. Otium, was set up on April 21st of this year, is based at the SISU's HQ in Hannover Square in London and its directors are Ken Dulieu, Leonard Brody, Onye Igwe and Adam Bradley, a licenced insolvency practioneer, specialising in corporate recovery and business turnaround.
http://www.coventrycity-mad.co.uk/n...sisu_debt_dumping_company_710363/index.shtml?
It is believed that this new company will have all of the club's debts (although whether this includes monies supposedly owed to previous Chairmen, ex employees etc which has been deferred until such time as the club is promoted to the Premier League is unknown), transfered to it and then be placed into administration, supposedly leaving CCFC debt free.
http://www.coventrycity-mad.co.uk/n...wn_the_aministration_route_710312/index.shtml
UPDATE:
Otium Entertainment Group Limited is being seen as one possible company which may have the debts of Coventry City transferred to it. Otium, was set up on April 21st of this year, is based at the SISU's HQ in Hannover Square in London and its directors are Ken Dulieu, Leonard Brody, Onye Igwe and Adam Bradley, a licenced insolvency practioneer, specialising in corporate recovery and business turnaround.
http://www.coventrycity-mad.co.uk/n...sisu_debt_dumping_company_710363/index.shtml?
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