So what are the latest rumours, the buyout's dead in the water, we've new investors waiting in the wings, it's happening any day now, blah blah blah. Maybe because it's close season and we're desperate for some good news or we're getting a little edgy as we near the start of our campaign and we want some money to spend. Maybe we'll get some answers on Monday when Paul Fletcher talks to Bob Brolly, but will the fans like what they hear? I’m not sure whether it’s a good thing or a bad thing, going on Mr Fletchers track record, it seems that, in this ever changing, head turning world what he says on Monday might not be relevant come Tuesday, which will inevitably spell more bad news for Fletcher. It seems Paul Fletcher has come in for some stick of late with his predictions of announcements and how things are moving along, Oh, and also when he doesn't say anything, he's in a no win no win situation. Fletcher's only fault is probably his optimism and enthusiasm about the whole deal. Let’s see what he has to say but remember, don’t shoot the messenger. He has a boss too you know!

We learn that the council have had no formal offer for their share of the Arena as yet, and with all the other interested parties having their say it could be some time yet even if it does go ahead.

One thing that is a constant nagging worry is this due diligences malarky. I think most of us know enough now to sort of understand what it is, but why is it taking so long? Now let's be honest, with this sale, takeover, buyout, call it what you will, Coventry City Football Club is a very small part of the financial Jigsaw. Any monies invested in the entity that is Coventry City Football Club is nothing more than a bit of a flutter to the investors, chuck us a few million and see if they hit the Premiership Jackpot, the three triple bars.

Kerrrching!!!

That few million multiplies ten fold plus. The real outlay is for the stadium, the land around the stadium, the opportunity to develop that land. That's where the safe money is going, and to achieve that, they need to be convincing the council that they have the money, know how and contacts to maximise what's already there and the potential and start talking in hard cash...

So back to this Due Diligence. It seems to me, the only substantial money to be looked at is our debt...

Well what else is there? Can someone explain to me this buy back option at the recent EGM. The buy back option for half the Arena has been transferred to GR from CCFC. I'm sure the flesh and bones of the option were finalised and stamped years ago, they must have been. So why hasn't our Geoffery used that option already and bought back half the Arena? That would take The Higgs Trust out of the game so to speak, one less interested party or an I missing something? Has GR got the ready money available to him to use the buy out option and if he hasn't what the hell are the directors of the club doing allowing the transfer of the option in the first place, surely they would have done their homework on his financial situation. It seems the two are linked, the debt and the option go hand in hand. Regardless of your thoughts on Mr Robinson, he’s found a way to get something back and who can blame him. And what of the Council? An Arsenal fan living in the City recently said to me, why should the Council sell back their share to a Venture capitalist company if it’s making money? Regardless of whether this council or more to the point, the councillors involved voted against the initial Arena investment. I couldn’t answer him, can you? Hard facts are, what may be right for Coventry City may not be right for the City of Coventry.

It’s my opinion that this saga will run for some time, with a few more twists and turns along the way, I really hope I’m wrong, only time will tell. How much time we have is another debate.