Dissecting what went wrong at Coventry City probably brings us all the way back to the early 90's and the start of the Premier League. The greed of people on the board wanting to be part of the Premier Leagues elite whilst pocketing millions of club money and leaving us £50million in the red by the time we dropped out of the Premier League with no Parachute payment.
However, despite dropping into the Championship, we plowed on with building a brand new megastadium as McGinnity, part of the board, owned a company which sold and fitted seats for auditoriums and STADIA. Therefore if production was halted then he would have made a huge loss. So, despite going against the interests of the Club, we built a brand new stadium. Unfortunately, we sold Highfield Road 5 years before we left, so ended up paying rent for the last years which ended up totalling more than what we sold it for. PROPER COVENTRY CITY BUSINESS.
AND we don't own the ricoh, are paying WAY over the odds to stay there and its looking grim as to whether we sill be able to afford to even stay there. ATM they are currently taking out the 'CCFC', 'SKY BLUES' and 'RICOH' seats and replacing them to comply with Olympic regulations. Don't be surprised if they aren't back there next season.
So in a nutshell, we are a medium sized club who forced to think big by the Board and confederates so they could make millions and run off while we were wallowing in the shit they had left.
:welcome: