SISU Capital Announce Losses

Losses for City's owners Coventry City's owners SISU Capital have announced a pre-tax loss. The hedge fund fronted by Joy Sappia and Dermot Coleman, who have Onye Igwe as their representative on the City board, have announced losses of £272,000, a figure which included a £161,000 tax bill which SISU were ordered to pay after an inquiry by Her Majesty's Revenue and Customs into previous tax years. Last year, SISU announced losses of £376,000.