According to the Coventry Telegraph this morning, Ray Ranson departure from Coventry City is expected to cost him £1m.
The paper claims that Mr Ranson's resignation from the board, will see him handing back his shares and writing off in excess of £1m of his own investment in the process.
Mr Ranson, known as the "Sky Blue Share Snatcher" amongst some sections of the support, is standing down and further board changes will be announced either from an expected press statement on Monday or a press conference on Wednesday.