Time For SISU To Negotiate City's Future - Foster

16 January 2013 12:10
Conservative view of the ACL bail out

Conservative Coventry Councillor Kevin Foster has said that now is the time for SISU to negotiate Coventry City's future.

Eleven Conservative Councillors backed plans for a £14.4m bail out to Arena Coventry Limited at a Council meeting on Tuesday afternoon and Councillor Foster told the Coventry Telegraph: “It is clear that something radical needed to happen to put ACL onto a firm financial footing for the future.

"Over the last year we had been calling on the city council to take action and be more open about moves being made to secure its future, as well as the council’s shareholding in it.

"This included the city council being realistic about the need for a cut in the rental payments from CCFC. Yet we also believe that SISU should not be rewarded for simply refusing to pay any rent and backed legal action by ACL intended to force them into paying up.

“Ten years ago I refused to back a financial package for the Arena that I believed was unrealistic and unsustainable due to the elements affecting the football club.

"Moving to a new stadium should have been part of bringing a new era of long term success, yet a decade of disappointment culminating in relegation to the third tier of English Football has been the result.

"I hope today marks a new start for the Ricoh and CCFC, it is now time for SISU to engage constructively about the future. The whole of Coventry will be looking at their reaction.”

In relation to the confidentiality that surrounded today’s vote, he added: “As a group we believe our actions as councillors should always be based on our oaths of office and duties to our constituents, not any separate deal signed behind closed doors.

"That is why we refused to sign the now infamous 'gagging order' on ACL when asked to do so last year.

"Much of the information it covered we were able to deduce and it set a worrying precedent for the future.

"My group has not signed it, but following detailed briefings we were prepared to accept that the public interest would not be served by certain details being released prior to the vote taking place today.”


More on this: http://www.coventrytelegraph.net/news/coventry-news/2013/01/15/ricoh-deal-tories-backed-council-s-stadium-move-92746-32606946/#.UPXJScEVoJc.twitter#ixzz2I5mwpXK6

Source: Coventry MAD