Potential Coventry owner now looking another Championship Club

pete_tong1 · December 2007

David said: "After looking through the finances and seeing the numbers, the club is falling apart.

"The debt does not tally. Good luck to whoever takes them on. I am certainly not getting involved.

"I had (Coventry director) Geoffrey Robinson here this afternoon when I was ready to commit.

"He left me a document on the finances of the club. After looking through the finances and seeing the numbers it is no surprise that the club is falling apart.

"It is difficult to see how the expenditure was made the way it was - especially over the last three years."

Despite his scathing assessment of the club, David wished Coventry well for the future and hoped that Ranson's Sisu group were able to complete a deal.

If Sisu are to take over the club they must strike a deal before Thursday's deadline, when Coventry must either prove their solvency or enter administration and incur a 10-point deduction.

"I genuinely hope the other group can push a deal through in time because it is a club with a huge amount of potential," said David.

"But there seems to be a lot of people involved who are emotionally attached and that is not good for business. The communication internally appears pretty awful."

David revealed that another reason he withdrew his interest in Coventry was because he had invested in a rugby club this week.

He added: "Instead I have made an investment in a good rugby club. That is a sport I understand and an announcement about who that club is will be made in the next couple of days."

However, David insisted that was not the end of his interest in football and he vowed to invest in another club in the near future.

"I will be still be investing in a football club. One that is a solid outfit either at the top end of the Championship or in the Premier League," said David, who is already a shareholder at 19-times Greek champions Panathinaikos, and the Nigerian side Leventis United.

ISawLeaburnScore · December 2007

well he sounds like a nice, caring, passion over business potential owner doesn't he?

AFKABartram · December 2007

Who is this David ???

Very soory to hear the state Cov are in, hate seeing any club in trouble.

Well, nearly any.....

Curb_It · December 2007

yes cheers David... talk about large of gob. Can you imagine wanting to get involved in any sort of businessman who is so indiscreet when he has been privvy to such confidential information. what a bell end.

Solidgone · December 2007

.....and talking about investment - anyone know the latest on our interested parties - are we going to get snapped up for a snip of £250m with an additional £2b for players and futher ground development? Is there life in Peckham?