Source: FOOTYMAD
Big Debts For City Holding Company
Holding company has debts The company set up by Ray Ranson and SISU to run Coventry City has debts of over £32m. According to latest figures, Sky Blue Sports and Leisure Ltd of which SISU's Private Equity Fund have as a shareholding, has the following debts: Creditors Falling Due within 1 Year - £10,694,710Creditors Falling Due after 1 year - £24,102,589TOTAL DEBT - £34,797,299Debtors - £ 2,382,545NET DEBT - £32,414,754An additional contingent liability of a maximum of £6m would arise if the club is promoted to the Premier League by 2012/2013.
