Pressure is increasing on Coventry City’s owners, Sisu, to reveal who the investors in the club are. Damian Collins, a Conservative MP who sits on the Culture Sport and Media Committee in the Commons has written to sports minister Hugh Robertson about the ownership question.
Pressure is increasing on Coventry City’s owners, Sisu, to reveal who the investors in the club are. Damian Collins, a Conservative MP who sits on the Culture Sport and Media Committee in the Commons has written to sports minister Hugh Robertson about the ownership question.
Coventry City director Onye Igwe said that the funds from the club came from professional investors of various nationalities who wanted confidentiality, which was ‘normal practice in private equity’. Damian Collins argued that the integrity of the competition could be risked if investors had stakes in different clubs. Fans and local businesses who provided services to clubs were also entitled to know who the ultimate owners of a club were.
Leading football journalist David Conn has provided an in depth analysis of the situation here.