Fisher Admits To CCFC Ltd Errors

04 September 2013 18:02
Administrative Side Of The Business A Complete Mess Says Fisher

Coventry City CEO Tim Fisher has admitted that the documents from the A Prison Of Measured Time article clearly show that player registrations were in Coventry City Football Club Ltd.

Speaking about the documents, Mr Fisher said to the Coventry Telegraph's Les Reid; "In these instances, the documentation clearly shows Limited as the registering company.

He added: “Previously, the administration of the club and the business was less than efficient to say the least.

“Indeed, I would go so far as to say - and I’ve said it before - that historically the administrative side of the business was a complete mess. We found documentation to be contradictory in some instances, and often error strewn in others.

“For example, we have found contracts with a multitude of counter-parties using different names, including: Coventry City Football Club, Coventry City, Coventry City Football Club Limited and Coventry City Football Club Holdings Limited.  Given the confusion as to company names, it is essential for documents to show the official company number.

“As we have maintained and the Football League have confirmed, the players’ registrations were held in Holdings. The contracts referred to showing Limited as the registering party are completely inconsistent with this and will doubtless have arisen from the loose usage of company names without recording the company number as well.

“The root cause of this confusion was the creation of a dual company structure by the club’s previous owners in 1995.  We have now been able to clean this up, scrapping the old Limited/Holdings set-up and putting all the club’s business and assets under one company, Otium.”

Full story:http://www.coventrytelegraph.net/sport/football/football-news/coventry-city-fc-boss-tim-5839657

Source: Coventry MAD

Source: FOOTYMAD