Source: FOOTYMAD
Debts Belong To SISU - Brody
City Director On Club Debt According to the tweets of Coventry City Director Leonard Brody, the debts of close to £40m owed by Coventry City FC (Holdings) Ltd relate to monies owed to the club's backers SISU. The Canadian Entrepreneur tweeted about the debts which he described as being blown out of all proportion saying: "Debt held to a bank or third party, is just an accounting decision by SISU to book investment as a shareholder loan. "This is NOT debt in the way you are thinking. It is just an accounting decision..it is predominantly SISU. "These are the same numbers that have always been there. The number you are seeing is mostly SISU's investment. "This is a mountain being made out of a mole hill. Truly."
