After listening to Paul Fletcher on the Bob Brolly show on Monday things look like they have a potential to take a turn for the worst. If no deal can be worked out it is our opinion that the Club could find itself in dire straits.

As stated in a previous article on The West Terrace, Coventry City Council have once again reiterated that they are not holding up any proposed takeover and have not received any offer, formal or informal, from Manhattan Sports Capital Partners despite inviting them to make an offer after supplying financial information to them.

The council believe it's the growing debts of the Club that is the sticking point. Losing money week on week, how long before the debts are called in? A debt of some £34 million. With Paul Fletcher, suggesting that the council want too much money for their half share of the Arena what damage will this war of words do to any potential bid?

John McGuigan, director of city development for the city council and a director of ACL is quoted as saying,
"Neither ACL nor the City Council has received any offer for the Ricoh Arena from any party. The City Council and ACL are not standing in the way of any proposed takeover of Coventry City. The city council recognises the importance of a top rate football club to the City of Coventry and to the many people in the City who support the Sky Blues."

McGuigan also claimed the ACL have gone one step further and pressed Manhattan to make an offer. The West Terrace believes that the transfer of the buy back option to Geoffrey Robinson may take us one giant step nearer the the abyss. In the past, receivership was something to be avoided at all costs, simply because Robinson would have lost pretty much all his investment. Now, any personal losses could be pretty much off set against the value of the buy back option. It's clear now that performances on the pitch could have a greater bearing on the fortunes or misfortunes of the Club like never before.

The West Terrace urges all Coventry fans to get up the Ricoh and support the team like it's very being depends on it because that may very well be the case. The buy out may be out of our hands but we can play our part in the success of the team.

Furthermore, The West Terrace urges fans to give urgent consideration to joining The Sky Blue Trust. If, God forbid, the worst comes to the worst we well need a strong Trust in place that may have a say in the Clubs future. We will need a unified, strong voice. Whatever your views are of The Sky Blue Trust, join it and make it YOUR Trust. More details can be found at.

http://www.skybluetrust.co.uk/