Extract from letter:
When you first met with the Sky Blue Trust you stated that your first priority was the welfare of the supporters of Coventry City and we applauded this stance. Over the weekend the 2400 Sky Blues Trust members undertook a vote and the response was 99% in favour of the Trust working with every means at its disposal, including peaceful demonstration and other means of legal protest, to ensure that the "Golden Share", through the sale of CCFC Ltd, does not return to any SISU controlled company.
We are doing this to avoid the scenario of falling crowds, relegation, further administration and possibly liquidation that we feel Tim Fisher's plan could lead to. The Trust understands there are several alternative bidders for CCFC Ltd and we urge that precedence is given to bids that clearly demonstrate that they offer the best solution for all the creditors and that they have the best interests of all Coventry City and its supporters at their heart.
The Trust board has been alarmed and disappointed that Tim Fisher, the CEO of CCFC (Holdings Ltd) has shown complete disrespect and disregard towards Sky Blues supporters by ignoring their clearly stated wishes. He continues to voice his plan that, although SISU regain control of the club, they will be moving it away from Coventry for a minimum of 3 years whilst building a new stadium.
Under paragraph 3 of Schedule B1 of the Insolvency Act 1986 you are required to act in the interests of all creditors. In light of the Tim Fisher's stated plan above, which we believe would potentially affect the short term financial viability of our club, do you think that a sale to SISU would be in the interests of all of the creditors?
We believe this plan is flawed and could ultimately drive the club back into administration and possibly kill it altogether.