The talkSPORT pundit explained: Its a very difficult nut to crack because you have a stadium that may need to be moved or a stadium that may need to be redeveloped. 11 Jan 2023 02:52AM (Updated: 11 Jan 2023 02:52AM) Businessman Doug King has become the new majority owner of Coventry City, the English second-tier Championship side said on Tuesday. Reporting by Anita Kobylinska to get daily news updates straight to your news feed. He joined City from West Hams academy in 2019 and was handed his senior debut last season in the 6-1 Carabao Cup success against Wycombe. The businessman will be hoping to have an immediate impact with his new club, having taken on the role as Executive Chairman at the CBS Arena. Jojar Dhinsa - who was born in the city - has revealed his intention to mount a bid for the club. Coventry City youngster Josh Eccles has signed up until 2027. . In an exclusive interview with the Coventry Observer today, Mr Fisher said discussions were already taking place with a view to immediate improvements in player recruitment identified by Robins publicly in his first press conference on Tuesday. Please try different keywords. Coventry fans react to SISU statement after takeover bid rejected . We will not share your email address with any third parties. The report further claimed that Ashley has been in talks with Coventry City Council about plans which would involve control of Wasps, City and the stadium, while NEC are believed to have made an offer solely for the stadium, which is regarded as a potentially lucrative asset. Wilson-Esbrand, a left-back capped up to England under-20 level, has made two Champions League substitute appearances for Manchester City this season. But, when the Arena formally went into administration, it was ruled that Mike Ashley's reported 17m deal, including a 1.2m exclusivity payment up front to help keep the ground open for the Sky Blues to play home games in, from energy drink company boss William Storey, but he officially, While King is the now majority shareholder, having taken over from the previous owners, SISU will still have a small stake. Marks and Spencer shoppers SO horrified by 2 snack in stores they think 'it's April . Here is some of the latest transfer news from the Coventry Building Society Arena. Get the latest transfer news, match previews and news direct to your inbox! To see how, and to learn how to control cookies, Mr Fisher also discussed the clubs decision to replace Russell Slade with Robins in Sundays dramatic events first revealed by the Coventry Observer website. Coventry City takeover prompts CBS Arena plan response amid Mike Ashley interest Coventry City fans . The hedge fund owner behind Coventry City is reportedly 'open to offers' if a buyer with the financial capabilities to capitalise on the financial difficulties unfolding at Wasps. The fans group The Sky Blue Trust and associated groups have campaigned for fans or part-fans ownership for five years, but have failed in that time to show a credible plan for achieving it. We are looking at immediate improvements., Asked if it meant additional budget for recruitment, he said: I can confirm that there will be an additional budget for recruitment, but the amount has to be confidential.. Transfer rumours: Guirassy to Everton, Vestergaard exit from Leicester, Estupinan to Nottingham Forest. I am looking forward to the future of this great club and what we can achieve together.. Coventry accepted a suspended five points deduction before the end of the year, after three of their Championship home games had to be postponed earlier this season because of the unplayable condition of their pitch. He previously co-founded investment firm RCMA Capital LLP - which has overseen investments of more than $400m (337m) - and of which he remains the owner as majority shareholder. A Merlyn spokesperson told Calciomercato: "Sadly, what we warned would happen is now coming true. Manchester United are reportedly in advanced negotiations to sign Fulham star Kevin Mbabu. In a major security breach, Youtuber Daniel Jarvis managed to get into Wolverhampton Wanderers' Molineux stadium and tape the mobile to some furniture. He would not be further drawn on stadium and academy-related questions at this stage. "He has been seen at a number of matches home and away and spoken to fans. "To get this deal ratified in just over six weeks and over the Christmas period was a great effort from all involved. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The deal, first agreed on 16 November, has now been given approval by the English Football League after the Warwickshire-based businessman passed their owners' and directors' test. King previously failed to buy the CBS Arena, with the former Newcastle owner Mike Ashley purchasing the 40,000-seat stadium. We will not share your email address with any third parties. Explainer: Jim Ratcliffe: who is the INEOS founder bidding for Manchester United? See here for a complete list of exchanges and delays. Catch up on your local news by reading our e-editions on the Coventry Observer. Manchester City aren't expected to have a busy January transfer window with incomings as ten days into the busy winter period the Premier League Champions haven't moved for any senior players. Meanwhile, former Sky Blues favourite Noel Whelan has stated his desire to return to the club. The Times have stated that a 'senior source' believes Sisu are 'open for business' regarding a deal amidst the rumours. Any administration would mean further points deductions for the Sky Blues team now relegated to League Two, the fourth tier of English football and struggling to make ends meet amid off-field politics and being deprived of commercial revenues from a stadium. Subscribe to our daily email alert of the top transfer stories. It will take place at hmv Empire in Coventry, Work begins on lifts and subway at Warwick Station, The station will install two step free access lifts on platforms one and two, Starbucks reveals more detailed plans for its new Nuneaton town centre shop, They are contained within a planning application in the town centre at a Grade II-listed building that used to be Barclays bank, Lorry overturned at busy Coventry roundabout after crash with Peugeot, It led to a road closure for just over two hours, Jaguar Land Rover using Facebook and Twitter to recruit hundreds of workers, JLR jobs are available in autonomous driving, AI, electrification, cloud software, data science and machine learning among other things, 24 hours snow and ice warning issued for West Midlands, Wintry showers could bring disruption to travel with snow and icy conditions, Coventry temple struggling to cope with food demand from city students, As many as 200 students are coming to the Gurdwara for food every day, Cyclist given trauma care after crash with car closes part of A5, The young man has suffered serious injuries, Coventry mum offered 500 after children wrongly put on protection plan by council, A watchdog said that Coventry City Council was "at fault", Dangerous sex offender jailed for 14 years for abusing girls, Raymond Higgins was locked up at Coventry Crown Court this week, Man dies after car hits metal barriers at Birmingham Airport, Police were called to Hermes Road at around 9pm on Tuesday, Homes plan for regular Coventry fly-tipping spot, The scheme will come at a cost to local wildlife, Coventry man among two arrested on suspicion of drug dealing in Bedworth, Plain-clothed officers swooped in Croft Pool. There is uncertainly over the academy after, following long-running disputes, Ricoh owners Wasps were given planning permission by Coventry City Council to build a new training facility at the Alan Higgs Centre, which was purpose-built for Coventry City and has category 2 excellence status from the footballing authorities. Previous owners SISU, part of the Otium Entertainment Group, will retain a 15% toehold in the Sky Blues - a relationship that first began in 2007. Just like Keane, the Welsh international only played one season for the Sky Blues before moving to former Premier League rivals Newcastle United for a slightly lower fee of 8.10 which makes the winger the joint second record sale behind Robbie Keane. Happy Birthday, Patrick, Latest Coventry City transfer news: Leeds stance on Gyokeres, loanee returns, Robins addresses Paterson rumours. Coventry City are one of the highest spending League One clubs of all time; however, the majority of their big-spending came during the Sky Blues nine year spell in the Premier League between the inaugural 1992 season and 2001 when they were relegated back down to Division One. The risk is very much that the team will be relegated into League Two, and therefore it was necessary to make an immediate change. And now, the Spurs correspondent has suggested on his latest YouTube video that QSI may not be the only party that could potentially be interested in a possible opportunity that may . Mark Robins admits Coventry City are at 'mercy of predators' as star man gets off the mark at Sunderland, City boss Mark Robins provides update on Callum O'Hare injury scare, City boss provides transfer update on plans to add one more signing to his squad, Doug King doubts and transfer window latest - your Coventry City questions answered, Coventry City news from CoventryLive as Sky Blues reporter Andy Turner answers some of the burning questions on fans' lips following the Doug King takeover and amid the transfer window, Paterson, Cantwell, Ronan, Burns - Coventry City January transfer links rated and slated, Coventry City transfer news from CoventryLive as Sky Blues reporter Andy Turner sorts the wheat from the chaff of the players linked with the club so far, Coventry City boss Mark Robins on how Doug King is set to 'change the dynamic' at Ryton, Coventry City news from CoventryLive asnew Sky Blues owner Doug King gets his feet under the table at Ryton, Key questions answered on Coventry City under Doug King and January transfer window, Sky Blues reporter Andy Turner has been taking questions on all things Coventry City at an exciting time for the club, Coventry City transfer state of play as three wanted and more departures expected, Coventry City transfer news from CoventryLive as we look at who is on their way out and how many are likely to come in during the January window, Coventry City coach outlines what unquestionable talent has to do after loan cut short, Coventry City news from CoventryLive as returning loan striker reminds parent club what he can do with outstanding goal in the Under-21s, Strictly couple Stacey Dooley and Kevin Clifton celebrate new daughter with adorable name, Joyous Stacey took to instagram and said 'Our Daughter is here. He is chief executive of Stratford-upon-Avon-based oilseed processing facility Yelo Enterprises, who have invested more than 70m in the region. "I am honoured and excited to be taking this club forward into its next chapter," said King. Even this season they were forced to play an EFL Cup home tie at Burton Albion when the CBS Arena surface was ruled unfit to play on following overuse in the summer because of Commonwealth Games rugby and pop concerts. Armstrong, who stepped down from his role with the Gallagher Premiership club in 2017, is understood to be working with investment firm Terminum Capital to buy the club as well as the Coventry Building Society Arena. Club chairman Tim Fisher told us last month there had been no credible offer for the club which had shown proof of funds, or transparency of investors the criteria by which it is understood Sisu would consider any bid, as well as the financial terms of any offer. "Already I have been struck by the enthusiasm of Sky Blues fans, with many personally wishing me well and I thank them for those sentiments.". Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The Premiership rugby side share the same stadium with Mark Robins' squad and are in default regarding a 35 million bond after failing to repay retail investors who financed the purchasing of the Coventry Building Society Arena in 2015, according to The Times. Or by navigating to the user icon in the top right. Doug King's takeover second-tier English soccer outfit Coventry City's takeover by has been given formal approval. King himself made a late 25m bid to also buy the stadium, which was up for sale after Premiership rugby union side Wasps, the ground's owners since 2014, revealed in October that they would have to go into administration. 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