Source: FOOTYMAD
SISU Funding Keeps City Out Of Admininstration
No admin for City Money from SISU which was received at 10.30am on Monday morning means that Coventry City have avoided administration. New City Chairman Ken Dulieu said at the press conference that things had been tight but the money worth eight millions pounds had been received and there would be no redundancies and the club, which is losing £0.5m a month, would be able to continue for years to come. Mr Dulieu said at the press conference that City were looking for more money both nationally and internationally.
