- United Kingdom
Takeover offer to buy Coventry City fronted by the Championship club’s former vice-chairman, Gary Hoffman, was unexpectedly withdrawn on Friday afternoon amid concerns over the provenance of its funding and the possible involvement of a businessman with links to West Ham manager Sam Allardyce.
Coventry’s chairman, Ken Dulieu, subsequently released a statement indicating that the club still had “many questions” about the bid — including the identities of Hoffman’s investors, as yet undisclosed - despite detailed talks with the former Northern Rock chief executive in Burton-on-Trent last week.
Dulieu confirmed that Ken Bruce, a retired lawyer and a former chairman of the investment vehicle Investing in Sport, had been present at that meeting.
Bruce is listed as a director of both Game 8 Ltd and its subsidiary Cuju TV Ltd at Companies House.
Allardyce, manager of Coventry’s Championship rivals West Ham, is also listed as a director of both companies. Under Article 86 of the Football League’s rules, it is not permitted for “a person, or any associate of that person, who is interested in a Club” to be “at the same time interested in any other football club.”
In 2007 Coventry City FC narrowly avoided administration when Ray Ranson and hedge fund managers SISU took over the club with twenty minutes to spare.
The promise of investment has never materialised and now the club finds its self deep in debt, having to mortgage assets even to survive.
Gary Hoffman, former Vice Chairman of CCFC, has today 23rd August 2011 presented an offer to purchase the club from SISU.
this petition is to get as many people as possible to back Gary Hoffmans bid.
I will be handing the petition over to Coventry City Football Club on Thursday 1st September 2011
We, the undersigned, call on SISU as current owners of Coventry City FC to sell the club to Gary Hoffman and his consortium.
The Sell Coventry City FC to The Gary Hoffman Consortium petition to SISU was written by Steve Robinson and is in the category Sports at GoPetition.