Jan 10 (Reuters) - Businessman Doug King has become the new majority owner of Coventry City, the English second-tier Championship side said on Tuesday. This is the Coventry City Transfer Rumours page on Football FanCast! Kevin Betsy got . Previous owners SISU, part of the Otium Entertainment Group, will retain a 15% toehold in the Sky Blues - a relationship that first began in 2007. A long-running row over ground rent twice forced the Sky Blues to seek temporary groundshare homes outside the city. . The Sky Blue Trust has reacted to reports of an impending takeover of Coventry City. The Birmingham-based group, which is owned by the US-based private equity behemoth Blackstone, is understood to be keen on acquiring assets in the Midlands and beyond. Jamie Paterson from Swansea to Coventry: Is it a good potential move? Analysis and opinion from our chief football writer. Ashley is understood to have signed a Head of Terms agreement with Wasps Holdings to refinance their debt, but the deal collapsed due to a shortage of time. Dhinsa is heading a consortium, who have reportedly got Russian backing which would add to his own estimated fortune of £40 million. "What concerned more sceptical supporters was the discovery that King is also the chief investment officer for RCMA, a hedge fund that shares a correspondence address with SISU. In an exclusive interview with the Coventry Observer today, Mr Fisher said discussions were already taking place with a view to immediate improvements in player recruitment identified by Robins publicly in his first press conference on Tuesday. Last updated on 10 January 202310 January 2023.From the section Coventry. The Premiership rugby side share the same stadium with Mark Robins' squad and are in default regarding a 35 million bond after failing to repay retail investors who financed the purchasing of the Coventry Building Society Arena in 2015, according to The Times. Up until 2000, Robbie Keane was the Sky Blues record signing as he arrived from Wolves for a massive 8.10m fee. Investment firm Sisu Capital have agreed to sell an 85 per cent stake in the . Information & facts. News; Transfers 22/23 The 47-year-old former Manchester United striker Robins told us in Mondays exclusive interview he was hoping for a long association with the club this time round. Here we look at how the takeover talk has unfolded and who has been linked with interest in either one, two or all three of the key assets the rugby club, football club and stadium in question. Within its portfolio of brands is the National Exhibition Centre, located just 15 minutes down the M6 from the CBS Arena. Coventry City fan favourite and former Brighton striker Viktor Gyokeres has shown that leaving a Premier League side for regular football can work out in the long run. Check out all of the latest reader travel offers to get your hands on some free gifts. Liverpool FC are reportedly the priority target as Qatar look to invest in a Premier League club. Weve brought in a new manager and we are making sure he has the tools to support him now and in the future. The restaurant opened on . Thread starter Newsbot; Start date Mar 9, 2017; Forums. In 1982, he opened his first sport and ski shop in Maidenhead followed by others in and around London, starting with a 10,000 loan from his family (equivalent to 37,545 in 2021).. "He has been seen at a number of matches home and away and spoken to fans. Mr Johnson last week declined to answer our questions about why he had mooted the idea, which was not well received by other Sky Blues fans on internet forums. Mr Elliott fronted a failed would-be attempt by American property investor Preston Haskell IV in 2013. It shows all personal information about the players, including age, nationality, contract duration and market value. ALLY McCOIST and Roy Keane were two of the punditry stars of the World Cup in Qatar. "That led to fans turning to search engines to find out who he is - and they will have discovered that he's the CEO of a Stratford-based rapeseed processing company who claim to 'lead the way to a sustainable future through innovation'. 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Soccer Football - Coventry City v West Bromwich Albion - Coventry Building Society Arena, Coventry, Britain - December 4, 2021 General view outside the stadium before the match Action Images . The industry leader for online information for tax, accounting and finance professionals. Use at least 8 characters, an uppercase and a lowercase letter, and a number or symbol. Happy Birthday, Bob, Carlton Palmer delivers Swansea City player verdict as Coventry City lurk, Matchday Memories: On This Day 2009 French & Maltese Sky Blues Topple Tangerines For, Report shares Coventry Citys apparent position on Viktor Gyokeres amid ongoing links to, Matchday Memories: On This Day 2004 See Sky Blues Score Six In Saddlers Bescot Black Day, Sources: Mark Robins set for Coventry City boost as Everton, Southampton and Brentford braced for disappointment, Mark Robins explains Coventry City changes under new ownership, Members News: Greg Is Our Special For Saturdays Canaries Championship Clash, Coventry City boss Mark Robins on how Doug King is set to 'change the dynamic' at Ryton. COVENTRY City have today responded to latest rumours of a takeover by clarifying no 'credible offers' have been received, we can reveal. Coventry City: Transfer ins and outs - January 2023. Like or follow our Facebook page - As the upmost priority, were pulling together and implementing a robust player recruitment framework once and for all. The club responded with a voluntary administration, all of which lead to the loss of 20 League points. Just like Keane, the Welsh international only played one season for the Sky Blues before moving to former Premier League rivals Newcastle United for a slightly lower fee of 8.10 which makes the winger the joint second record sale behind Robbie Keane. This means that we may include adverts from us and third parties based on our knowledge of you. Coventry City receive Viktor Gyokeres boost amid Leeds United development. Please ensure your password has at least 8 characters, an uppercase and a lowercase letter, and a number or symbol. has now been given approval by the English Football League after the Warwickshire-based businessman passed their owners' and directors' test. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In his BBC Sport column, George Groves says Chris Eubank Jr handpicked Liam Smith and must win, and win well, to justify his big star billing. COVENTRY City chairman Tim Fisher insists Mark Robins WILL get the 'tools for the job' - and dismissed speculation his is trying to put together a consortium to take over the club. A number of reports previously claimed that the Duke of Sussex . According to BBC Coventry and Warwickshire, American billionaire John McEvoy is considering a bid to buy the Sky Blues as well as the CBS Arena, which is owned by Wasps, albeit not interested in purchasing the rugby club. coventrytelegraph.net - Andy Turner 2d. An existing account was found for this email address. 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Asked whether he was conceding player recruitment structures have been inadequate until now, Mr Fisher told us: Were disappointed at the lack of success on the player recruitment side. Forgot your password? The Times claims that Sisu is thought to be open to the sale of the club but would also consider a 'part-sale of equity' if a third party looked to secure the lease for the stadium moving forward. Keep tabs on all of the latest news, views and Man United transfer rumours with our dedicated blog updates. Transfers & rumours. Coventry are once again playing home matches in the city, after years of stadium disputes forcing them to play in Northampton and . Asked about speculation that the clubs former vice-chairman Gary Hoffman had in recent days lodged a bid to parent company Sisu to buy the club and with other media stories about Chinese and Australian companies seeking to buy an English club the football club released the following brief statement to us. Barcelona ended up failing to sign a replacement midfielder, which hasn't worked out too badly, as the vacancy has allowed La Masia graduates Gavi and Nico to thrive. Sign up for a FREE NewsNow account and get our daily email alert of the top transfer stories. My little masterpiece', DWP announces multiple changes to benefits in England, If you claim benefits there are a number of changes to be aware of, the Department of Work and Pensions has announced, McLaren supercar clocked on M40 at 122mph just two days owner, 18, had bought it, Live as emergency services rush to accident on A5 heading towards Nuneaton, The rush hour commute has been hit by long delays after the closure of the A5 Watling Street, Coventry music promoters join forces to raise money for Maddi Shankster-Neale after Thailand fall, All profits from Rave for Maddi will go to Maddi Shankster-Neale and her family to help during her recovery. Former Loughborough University mathematical engineering graduate King has a background in trading grains, non-grain feeds and petroleum. The Coventry Observer is one of a group of local weekly newspapers spanning Worcestershire, Warwickshire and the West Midlands published by Bullivant Media Group - each newspaper providing all the latest local news, sport and advertising, in print and 247 on line. The Times reported in August (2022) that Sisu will consider the sale of Coventry City, claiming they believe the financial distress of Wasps presents an opportunity for another party to make a bid for the club, whilst also looking to purchase the lease for the stadium. By Midlands Yellow, November 16, 2022 in Main Discussion - Norwich City. Subscribe to our daily email alert of the top transfer stories. Interview: Harrison Nee talks Sheffield Wednesday, first team training and loan spell, Coventry City coach outlines what unquestionable talent has to do after loan cut short, Matchday Memories: On This Day 1993 See Sumo Save Sky Blues At League Leaders Norwich. Manchester United are reportedly in advanced negotiations to sign Fulham star Kevin Mbabu. From plumbers, to restaurants, we can provide you with all the info you need. But former City chairman Tim Fisher will no longer be involved. The source went on to say that the developments were a 'real opportunity for growing the club into its potential.'. News about Burnley's Conor Mitchell on Sports Mole with the latest player news, biographical information, pictures and more. King previously failed to buy the CBS Arena, with the former Newcastle owner Mike Ashley purchasing the 40,000-seat stadium. The division one rugby side bought the lease for the stadium amid a dispute between Sisu and the council - which is why the hedge fund itself is unlikely to make a bid to purchase the facility. Many of Coventrys big-money signings did not stay long enough to earn their legendary title, and this once again was the case for Mustapha Hadji who joined the Sky Blues from LaLiga side Deportivo La Coruna at the start of the new millennium. Everton: Frank Lampard 'seriously pushing' for Ben . Your Coventry headlines on Friday, November 18. Hes a consummate professional and a good man.. to get daily news updates straight to your news feed. The latest rumours and stories from around the world of football. "It's a package that will be lucrative to Coventry City Football Club - if run well, I see the club progressing like Birmingham City, because Coventry belong in The Premiership. Birmingham City Football Club, an English professional football club based in the city of Birmingham, was founded in 1875.When league football began, the first team - then playing under the name Small Heath - competed in the Football Alliance before being elected to the newly formed Second Division of the Football League in 1892. And while he hasnt been involved in football for long, hes very inquisitive and learns very quickly, as youd expect as an entrepreneur. City did receive another serious offer to buy the club from energy drink company boss William Storey, but he officially withdrew his interest last Friday.external-link. One of the Sky Blues most notable transfers over the past few decades is centre-forward and former England international Dion Dublin who arrived from Manchester United in 1994 for just 2.70m Dublin racked up over 140 games for Coventry, scoring 61 times before moving on to Aston Villa in 1998 for an increased 7.74m fee. They are currently 14th in the 24-team table. Relevant to us perhaps, Coventry could be signing players instead of having to sell in January. Coventry City youngster Josh Eccles has signed up until 2027. . . Don't miss a move! He joined City from West Hams academy in 2019 and was handed his senior debut last season in the 6-1 Carabao Cup success against Wycombe. Sisu, the hedge fund owner behind the Sky Blues, were reported to be open to offers if a buyer with the financial capabilities to capitalise on the financial difficulties unfolding at Wasps presented themselves. Lee Hughes notably joined Coventry City from West Bromwich Albion back in 2001, and the English centre-forward scored 15 times in one season before making his return to West Brom in 2002 for an increased fee of 8.10m, putting him on par with Bellamys sale the previous year. For the first time ever, the football club set up shop on the main street just as the World Economic Forum annual meeting began . It appears from the statement any such bid would have been flatly rejected as lacking any credibility. Transfers & rumours. "Having worked through difficult periods for Coventry City, he now leaves with the club in a far better place than he found it.". Coventry sit 14th in the Championship having been promoted in 2020 after the season ended prematurely because of the pandemic. Any administration would mean further points deductions for the Sky Blues team now relegated to League Two, the fourth tier of English football and struggling to make ends meet amid off-field politics and being deprived of commercial revenues from a stadium. Coventry City: Predicted XI to face Bristol City. N.B. Coventry have been able to play at the CBS Arena during the turmoil and recently announced their own takeover. Prince Harry has denied rumours that he once had a flirtation with Cameron Diaz, saying he was "never within 50 metres" of her. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. And I think were going to work OK together. Declan Harte. News of Coventry City's impending takeover by Doug King just adds to the nonstop feeling of this season for the Sky Blues. We will not share your email address with any third parties. Mark Robins shuts down Coventry City worries but remains 'fearful' of one thing, Coventry City injury news as midfielder takes significant step towards senior return, The truth about West Brom 'interest' in Coventry City manager Mark Robins, 'Too easy' - Mark Robins gives verdict after Coventry City slip to narrow defeat to Burnley, Mark Robins spells out return plan for injured Coventry City pair Liam Kelly and Callum O'Hare. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. . Leeds are now guaranteed to be the first team to play a full year in the top-flight and concede at least two goals per game on average - currently 72 in 35 games in 2022 - for 38 years (Coventry City in 1984, 95 in 43 games) Mr Elliott and Mr Hoffman the pair who hire a corporate box for home matches at the Ricoh Arena have failed with various takeover attempts since their departures from Coventry City Football Clubs board. News; Squad Coventry City This page displays a detailed overview of the club's current squad. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. So its a hard yard situation because you can take advantage of re-configuring the stadium because of the decline of Wasps [RFC] and all thats going on there, or you can take advantage of the fact that the council might want it back to redevelop to move it across and build another stadium. Stadium. The past 15 years have not always been the smoothest ride, largely due to the fact that City have not been owners of their own stadium since leaving their old Highfield Road home, when it was sold for housing redevelopment in 2005. Don't miss a move! "Enthusiasm, determination and commitment are precisely what this great club will have with Doug. It might be argued weve relied too much on the flow of talent from our academy., Asked if Robins had also sought assurances on the future of the academy and where Coventry City will be playing their home matches when the current three-year tenancy to play at the Wasps-owned Ricoh Arena expires after next season, he said: Were working through these issues in private at this stage.. Explainer: Jim Ratcliffe: who is the INEOS founder bidding for Manchester United? Everton: David Ornstein insists no progress being made on takeover. I had a working session with Mark Robins yesterday. to get daily news updates straight to your news feed. In that year, several takeover attempts, some with the involvement of Coventry City Council, failed via an administration process amid a multi-party dispute over Ricoh Arena stadium rent, revenues and ownership. The report stated that a senior source believes Sisu are open for business regarding a deal amidst the rumours, claiming they would also consider a part-sale of equity if a third party looked to secure the lease for the stadium moving forward. Hes going to be around, going to be on site and that will change the dynamic of things, said Robins, via Coventry Live. Latest Coventry City transfer news: Leeds' stance on Gyokeres, loanee returns, Robins addresses Paterson rumours. Arsenal are only willing to offer France striker Alexandre Lacazette a short-term deal as the 30-year-old approaches the end of his contract next summer. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Of all other rumours of takeover bids, he said: "Sitting here as chairman of the club, it's my clear understanding there has been no credible approach with a . It is a new era for the club, and Robins will be hoping to be at the front of a positive next step for Coventry. Youve got a property developer in the mix, youve got people who own the football club who have a slightly inflated idea of what its worth. The prospect of a takeover of Coventry City has ramped up in recent weeks with several interested parties circling over the Wasps owned CBS Arena. "This is an important time in my career because I need a challenge I can really get my teeth into and fight for - helping Coventry get back where they belong would certainly fit that bill.". The chain, funded by private money, expanded quickly and by the late 1990s Ashley . This is the place to be if you want to catch up on the latest breaking Coventry City transfer rumours? The talkSPORT pundit explained: Its a very difficult nut to crack because you have a stadium that may need to be moved or a stadium that may need to be redeveloped. 3. What does he offer? Coventry City are one of the highest spending League One clubs of all time; however, the majority of their big-spending came during the Sky Blues nine year spell in the Premier League between the inaugural 1992 season and 2001 when they were relegated back down to Division One. The report further claimed that Ashley has been in talks with Coventry City Council about plans which would involve control of Wasps, City and the stadium, while NEC are believed to have made an offer solely for the stadium, which is regarded as a potentially lucrative asset. Would he start? Includes the latest news stories, results, fixtures, video and audio. Sky News reported that it understands a bid for the arena was lodged but the sale process did not extend to an offer for Wasps itself. Something went wrong, please try again later. to say that he has resigned as a director after 12 years on the Sky Blues board. Championship League level: Second Tier Table position: 15 In league since: 3 years 30.05 m. Total market value . The book is then divided into eight thematic sections, where specific subjects are covered individually. : people conor mitchell Josh Wilson-Esbrand has joined Coventry on loan from Manchester City. Former Crystal Palace owner Simon Jordan revealed himself as a potential interested party in buying Coventry City just a couple of weeks after the article in The Times, during his mid-morning radio show on talkSPORT with host Jim White. Coventry City takeover latest as January transfer plans outlined. By clicking 'Create Account and Subscribe' you agree to us creating an account for you and subscribing you to our newsletter in accordance with our Privacy Policy and Legal Notice.Emails, which may be sent daily or less frequently, may include marketing elements. Please try different keywords. Former Sunderland striker Niall Quinn has denied reports that he is part of a consortium looking to buy the club.. Rumours emerged claiming that the 51-year-old is involved with a group that have spoken to current owner Ellis Short about a takeover bid.. . putting forward a plan that involved debt restructuring and a takeover, which was rejected by Ferrero. So yes, its something I am looking at because the football club is for sale. The others were Andrey Arshavin for Arsenal in 2009 and Peter Ndlovu for Coventry City in 1995. . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Sportsmail reported that the billionaire offered to refinance the 35 million that is owed to bondholders, which was raised to relocate the club from London to Coventry in 2014, but was due to be repaid in full in May. But former City chairman Tim Fisher will no longer be involved. SISU Capital Ltd, the owners of Coventry City Football Club, has agreed - subject to EFL approval - to sell a majority stake in the football club to local businessman, Doug King, who will take an 85% share. We have made it quick and simple for you to access your desired Sky Blues related content. There is uncertainly over the academy after, following long-running disputes, Ricoh owners Wasps were given planning permission by Coventry City Council to build a new training facility at the Alan Higgs Centre, which was purpose-built for Coventry City and has category 2 excellence status from the footballing authorities. We will not share your email address with any third parties. Leeds cool Gyokeres interest One of the best bits of business the Sky Blues could do this month is keeping hold . Some fans groups are campaigning for Mr Fisher and Sisu to end all association with the club, saying nothing will change until they do. Click here to sign-in and subscribe via a link sent to your email. What is the latest? Fans groups still hopingfor a fansacquisition or part-acquisition of the club in a so far failed quest to remove Sisu as owners after five years of trying have in recent weeks mooted what they claim is a possibility of doing so through another administration, after non-renewal of season tickets. Wasps Finance went on to say they were 'pursuing different refinancing options' regarding talks with HSBC. In fact, more than OK, I think well work really well together. Hes dynamic and its exactly what we need and what were looking for. King himself made a late 25m bid to also buy the stadium, which was up for sale after Premiership rugby union side Wasps, the ground's owners since 2014, revealed in October that they would have to go into administration. But it came too late to prevent City's stadium, the CBS Arena, passing into the hands of new owners. * Mark Robins makes admission after Coventry City battle back at Sunderland, * City boss Mark Robins provides update on Callum O'Hare injury scare, * Coventry City injury news ahead of big season opener at Sunderland, * City boss provides transfer update on plans to add one more signing to his squad, * Special talent - Lowdown on Coventry Citys new loan star from Crystal Palace. 4. We don't have an account for this email address. You can unsubscribe whenever you want. takeover links, Moises Caicedo price tag, Jude Bellingham latest Liverpool transfer news . The risk is very much that the team will be relegated into League Two, and therefore it was necessary to make an immediate change. Breaking CCFC rumours & news now, 24/7. Team: P: W: D: L: F: A: GD: PTS: 1: Manchester City Man . New Sports Direct HQ twist amid Mike Ashley claims of Coventry City, Wasps and CBS Arena deal, Billionaire 'considering a bid' to buy Coventry City and CBS Arena, Sisu will consider the sale of Coventry City, Crystal Palace owner Simon Jordan revealed, Wasps issue full statement as Exeter Chiefs game called off and administrations looms, EFL request could land major windfall for Coventry City, Mike Ashley was reported to have held talks, Doug King doubts and transfer window latest - your Coventry City questions answered, Coventry City news from CoventryLive as Sky Blues reporter Andy Turner answers some of the burning questions on fans' lips following the Doug King takeover and amid the transfer window, Paterson, Cantwell, Ronan, Burns - Coventry City January transfer links rated and slated, Coventry City transfer news from CoventryLive as Sky Blues reporter Andy Turner sorts the wheat from the chaff of the players linked with the club so far, Coventry City boss Mark Robins on how Doug King is set to 'change the dynamic' at Ryton, Coventry City news from CoventryLive asnew Sky Blues owner Doug King gets his feet under the table at Ryton, Key questions answered on Coventry City under Doug King and January transfer window, Sky Blues reporter Andy Turner has been taking questions on all things Coventry City at an exciting time for the club, Coventry City transfer state of play as three wanted and more departures expected, Coventry City transfer news from CoventryLive as we look at who is on their way out and how many are likely to come in during the January window, Coventry City coach outlines what unquestionable talent has to do after loan cut short, Coventry City news from CoventryLive as returning loan striker reminds parent club what he can do with outstanding goal in the Under-21s, Strictly couple Stacey Dooley and Kevin Clifton celebrate new daughter with adorable name, Joyous Stacey took to instagram and said 'Our Daughter is here. MX23RW : Wednesday, January 11 17:08:35| >> :120:27157:27157: Southampton vs. Man City: 2 hrs 51 mins 24 June 2021. Coventry accepted a suspended five points deduction before the end of the year, after three of their Championship home games had to be postponed earlier this season because of the unplayable condition of their pitch.