Given the timescale - the loan isn't due to be repaid until 2022 - I think this announcement from the club is possibly to defuse some bad press / hatchet job they heard was coming. By announcing it ourselves there's nowhere for the media to go with their "scoop". We control the story and put the realistic / positive spin on it rather than the doom and gloom certain newspapers would employ.
Strangely put together article. One wonders who Mr Gilbert is aiming this at because it is only a short time ago the CT posted an article about the football club finances with reference to a sale amount. On SBT they sensibly queried the article and the persons being quoted. One poster quoted :-
What is not mentioned in this article is that Paul Carvell has close links to CCFC and Fisher.
From CCFC's website:
07 Oct 2015
"Coventry City team up with The SFB Group to network and promote businesses on matchdays at the Ricoh Arena"
"The Sky Blues have teamed up with The SFB Group, which is a firm of accountants, wealth managers, commercial insurance brokers and business advisers, to create a hub for business owners and directors to network and promote your business on matchdays at the Ricoh Arena."
"Paul Carvell, Managing Director of The SFB Group said: "We are really excited about this joint venture. As a local business, we have supported the Sky Blues for many years. The synergies between sport and business are immense, so the SFB Business Club is the perfect opportunity to bring the two together.” "
This is one of the same "Experts" being quoted in this new article.
As has been said it smacks of something cobbled together to make a bad point.
Not worried. At least we have sane owners and management!
Marlow Nick Alternative headline "home buyer unlikely to pay off their mortgage in just 5 years"
Clearly a biased anti-wasps spin and it looks to me like the three "experts" were given very closed questions to fabricate a non-story
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