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Leaked player transfer documents contradict CCFC position on contracts

The Prison of Measured Time blog, which focuses on football finance, has published leaked player transfer documents which clearly contradict statements by Coventry City FC chief executive Tim Fisher and administrator Paul Appleton.

The leak is important – and the blog should be congratulated for getting hold of these documents and having the courage to publish them – because Tim Fisher and Paul Appleton have repeatedly stated that key assets of Coventry City Football Club – player registrations – were not held by Coventry City Football Club Ltd (the company in administration) but by Coventry City Football Club (Holdings) Ltd, a different SISU-owned company that was not in administration.

This information would have seriously affected the so-called “sale”-process of Coventry City FC Ltd which saw another SISU-owned company, Otium Entertainment Group Ltd, emerge as the preferred bidder. In the end the sale didn’t go through because Ricoh Arena owners ACL rejected a CVA and the administrator has announced his intention to liquidate the company that was in administration (but doesn’t appear to have made any progress on this).

The information would have been key to the Football League’s decision to transfer its “golden share” in the League from the company in administration to Otium Entertainment Group.

Tim Fisher, writing in the Preston North End match-day programme on 25th August, claimed that the Football League had been registering players in Holdings, rather than Ltd since “way before SISU took over”, adding: “there is a myth that somehow SISU have set up this structure because they have something to hide when, in fact, it was a structure they inherited.”

The documents obtained by A Prison of Measured Time show this to be false.

They have published compensation agreements from Aston Villa for Richard Blythe and Kofi Poyser, dated 17th December 2007; a transfer agreement with Newcastle United for Leon Best, dated 1st February 2010; transfer agreements with Walsall for Dan Fox (28th January 2008) and Scott Dann (31st January 2008); and a transfer agreement with Bolton Wanderers for Temitope Obadeyi, dated 19th September 2006.

All these documents show that the agreements are between the respective clubs and Coventry City Football Club Ltd.

Of interest to most football fans will be the financial agreements for the transfers and associated add-ons. Those details have, however, been redacted. But they are very significant for fans of Coventry City and other football fans who are concerned about the lack of transparency and fair-dealing by those tasked with regulating football.