Chinese Investors Still Interested - Byng

Last updated : 31 July 2013 By Covsupport News Service

According to Michael Byng, his Chinese investors are still interested in the Ricoh Arena.but are confused by the actions currently being taken by SISU Capital Ltd and Coventry City Council.

Mr Byng told the Coventry Telegraph's Les Reid: “Chinese investors remain interested and have been in position for some months.

“But they are confused by the approach adopted by Coventry City Football Club’s owners and Coventry City Council to resolving the club’s problems.

“It seems clear the Ricoh Arena can only survive and prosper with a financially healthy football club, and potential investors are at a loss to understand how continued adjournments can help the situation in any way.

“What’s very unclear is what the Football League’s attitude will be over participation in the League this season and whether there will be further sanctions which further damage the image of the club.

“An adjournment until Friday just before the start of the new season suggests a motive.”

More on this: http://www.coventrytelegraph.net/news/coventry-news/coventry-city-fc-delays-enabling-5389711