Coventry Rugby Club troubles

Coventry Rugby Club troubles

Post by Nick Meredit » Fri, 24 Jul 1998 04:00:00


News breaking this morning is that the Chairman of Coventry has
resigned...

A statement from the committee said:

"Gerry Sugrue has tendered his resignation as chairman of
Coventry Football Club (Rugby).  The committee accepts his
decision and places on record its appreciation for his unstinting
efforts to raise Coventry to the forefront of English Rugby Union.

"Mr Sugrue has devoted an enormous amount of time and
energy to the interests of Coventry, often putting his own health
at risk but he has now decided he can no longer devote the time
needed to a club struggling with the demands rugby union's
new professional era."

Coventry had problems paying players last season, and has lost many of
their first team players over the closed season. They have also recently
made arrangements to see their Coundon Road ground, but plans to move
into a new site have recently fallen through with the local council.
They can remain at Coundon Road for several more seasons, but the
problem is how to fund the team and still have money for a new ground.

 
 
 

Coventry Rugby Club troubles

Post by Jonathan Chapma » Fri, 24 Jul 1998 04:00:00

<snip>

Quote:
>They have also recently
>made arrangements to see their Coundon Road ground, but plans to move
>into a new site have recently fallen through with the local council.
>They can remain at Coundon Road for several more seasons, but the
>problem is how to fund the team and still have money for a new ground.

Since the two are tied corporately, is it not practical to ground-share at
Highfield Road, like Wasps/QPR and Sarries/Watford?

JC

 
 
 

Coventry Rugby Club troubles

Post by Nick Meredit » Fri, 24 Jul 1998 04:00:00

Quote:


> <snip>

> >They have also recently
> >made arrangements to see their Coundon Road ground, but plans to move
> >into a new site have recently fallen through with the local council.
> >They can remain at Coundon Road for several more seasons, but the
> >problem is how to fund the team and still have money for a new ground.

> Since the two are tied corporately, is it not practical to ground-share at
> Highfield Road, like Wasps/QPR and Sarries/Watford?

I am not sure what you mean by tied corporately - but...
There was an approach from Coventry City a year or so back about that
idea. At the time the Rugby club turned it down as (IIRC) the terms
sounded too much like a take-over. Since then the soccer club have
proposed and got agreement for a massive new stadium (sliding roof,
sliding pitch etc.) on a brownfield site at the old Foleshill gasworks.
Highfield Road will be vacated (I think for 2000-2001). I cannot imagine
the council / local residents being keen on it remaining in use after
that time.

 
 
 

Coventry Rugby Club troubles

Post by Nick Meredit » Wed, 29 Jul 1998 04:00:00

More (bad?) news from Coventry.
Press conference called for 9.am today.
Word is that receivers were called in last night.
 
 
 

Coventry Rugby Club troubles

Post by Nick Meredit » Wed, 29 Jul 1998 04:00:00

More (bad?) news from Coventry.
Press conference called for 9.am today.
Word is that receivers were called in last night.
 
 
 

Coventry Rugby Club troubles

Post by Nick Meredit » Wed, 29 Jul 1998 04:00:00

Quote:

> More (bad?) news from Coventry.
> Press conference called for 9.am today.
> Word is that receivers were called in last night.

Following up my previous posting (however bad nettiquette).
Receivers called in - 2.3 GBP million debts (Ouch!)

Before the usual accusations of wasting money on aging Southern
hemisphericals are leveled, this is one area where Coventry have not
been guilty. They have managed to get to this level of debt almost
entirely with British players - the one SH player in the last 2 years
being under 21 (David Dooley - Aus - who played for last season).

Where has the money gone? My feel is that most of it went in the 1996-7
season when Coventry spent at AD1 levels in their attempt to reach AD1
from AD2 (and only failed at the play-offs). By 1997-8 it was clear that
the club was in financial difficulties, and there was a significant
period when players were not being paid. In the end though, there wasn't
enough money coming in to cover the number of professional players.