Craig Posted 10 December 2007 Posted 10 December 2007 Greek billionaire businessman Alki David has entered talks to buy cash-strapped Coventry City.David has spoken to City chairman Joe Elliott and revealed that negotiations are at a "very good" stage. He confirmed to BBC Coventry and Warwickshire that he expects a deal to be done before Thursday's deadline when the club must prove its solvency or enter administration. The Sky Blues say they are still fully committed to a bid from Ray Ranson. Last week the club announced they were looking to go into administration in order to bring to a head the takeover talks with Ranson. But if the club were to do so they would incur a 10-point deduction and drop into the bottom three of the Championship. If David took over he would be responsible for Coventry's £38m debt and would hope to keep manager Iain Dowie at the helm. Former Crystal Palace boss Dowie has claimed that he would review his position at the club if they were to go into administration. :crylaugh:
hairy Posted 11 December 2007 Posted 11 December 2007 David has walked away claiming the club is falling apart BBC Report here
Simi Posted 11 December 2007 Posted 11 December 2007 David has walked away claiming the club is falling apart :laugh:
Master Fox Posted 11 December 2007 Posted 11 December 2007 David has walked away claiming the club is falling apart hehehe
lookwhaticando Posted 11 December 2007 Posted 11 December 2007 I want them to go into admin though What you'll no doubt have learned - or will learn - at some point (usually around the time of your birthday or perhaps Christmas) is that I want, don't get.
Micky Ruddle Posted 11 December 2007 Posted 11 December 2007 Here's hoping they fail quite remarkably. Here's hoping they fail in this, and the takeover falls through.
Zingari Posted 12 December 2007 Posted 12 December 2007 Billionaire Alki David has ditched his plans to buy Coventry, saying the club is falling apart. (The Sun) 'Alki David's Road to Hell' can be seen at Alki's website www.filmon.com and features numerous pranks on the general public, most notably, 'gullible' people who want to appear films & TV shows, without realising Alki's background. edit ; sorry did not realise already posted
Matt Posted 12 December 2007 Posted 12 December 2007 So when will Administration be announced for them? Because tomorrows the day isn't it? Morning? Mid-Day? Afternoon? Surly it's almost a dead-cert? I mean the amount of weeks it was delayed with Milan, and other clubs takeovers surly something would have been sorted by now? Or at least rumblings and rumours? All i'll say and have been saying on this situation and other clubs situations is - What goes around come around. Hindsight is a great thing isn't it? Back in the day when Coventry voted for a points deduction.
Micky Ruddle Posted 12 December 2007 Posted 12 December 2007 The Sun reports that Alkali David has pulled out. They quote that he seen their books or something, similar to mandaric and Leicester and told them..i've seen the problems, i've the trouble, i don't want to get involved.
Master Fox Posted 13 December 2007 Posted 13 December 2007 Billionaire Scrap's Takeover Plans Well i know we've got it bad but this....
lookwhaticando Posted 13 December 2007 Posted 13 December 2007 David has walked away claiming the club is falling apartBBC Report here Billionaire Scrap's Takeover Plans It's like déjà vu. Could have sworn he pulled out a couple of days ago. And that latest article sounds incredibly similar to the one I read at the time.
syston_fox Posted 13 December 2007 Posted 13 December 2007 So whens the deadline for the takeover? Must be soon surley?
Staf Posted 13 December 2007 Posted 13 December 2007 So whens the deadline for the takeover? Must be soon surley? Thats what i was thinking we will go up a spot
Matt Posted 13 December 2007 Posted 13 December 2007 So whens the deadline for the takeover? Must be soon surley? Apparently according to the local news (Central News) which I didn't see, I'm going off what i've been told the deadline is 4pm tomorrow. God knows why it has been well publicized the deadline was Thursday No doubt they'll keep moving the goalposts, come 4pm tomorrow it's probably be 5pm Monday
andyh1884 Posted 13 December 2007 Posted 13 December 2007 Apparently according to the local news (Central News) which I didn't see, I'm going off what i've been told the deadline is 4pm tomorrow.God knows why it has been well publicized the deadline was Thursday No doubt they'll keep moving the goalposts, come 4pm tomorrow it's probably be 5pm Monday Legally they can't. If it's not done by the deadline they're in administration, simple as.
Fez of Mahrez Posted 14 December 2007 Posted 14 December 2007 Tick tock tick tock tick tock tick tock...
Zingari Posted 14 December 2007 Posted 14 December 2007 Three hours to go! ray ranson still may do it http://iccoventry.icnetwork.co.uk/0100news...-name_page.html
mancunianfox Posted 14 December 2007 Posted 14 December 2007 Coventry must be in a right mess financially because no-one seems to want put their money anywhere near them.
Zingari Posted 14 December 2007 Posted 14 December 2007 COVENTRY CITY'S takeover saga is going down to the wire. Although negotiations dragged on late into last night, no agreement had been reached as the clock ticked down towards today's 4.00pm deadline that would force the Sky Blues into administration. But chairman Joe Elliott remains confident that a deal will finally be concluded to put millionaire ex-footballer Ray Ranson in control at the Ricoh Arena. Elliott said: "It's going to be an 11th hour situation, but we still remain very positive." It is understood that late last night Ranson was involved in a conference call from his home in Manchester with other interested parties, but the deal could still not be finalised.
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