"Ray Ranson set to resign as Coventry City chairman"

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"Ray Ranson set to resign as Coventry City chairman"

Postby dutchman » Thu Mar 24, 2011 2:23 pm

Ray Ranson is set to resign as chairman of Coventry City and quit the board, the Coventry Telegraph can reveal.

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The 50-year-old who led Sisu’s takeover of the Sky Blues little more than three years ago – saving the club from administration with 30 minutes to spare – is understood to be in the process of giving up his directorship in the wake of a turbulent couple of months in the boardroom which has seen close ally Gary Hoffman step down as vice chairman and Joe Elliott pushed aside to become Life President.

However, the Coventry Telegraph understands that Ranson, whose power has dwindled significantly in recent months, has agreed to stay on in a consultancy role to advise the club on football matters until the end of the season.

Former Southampton chief and new board member at the Ricoh Arena, Ken Dulieu, is expected to take over as City chairman.

Hoffman resigned as vice chairman last month after becoming increasingly disillusioned with the way the club is being run following the arrival of three new directors and decisions on playing matters, in particular the sale of rising midfield star Conor Thomas to Liverpool.

At that time it was revealed that Ranson had tendered his resignation on at least two previous occasions but had been persuaded to stay on after he voted against the sales of Scott Dann and Danny Fox which put a huge dent in his master plan to build a team capable of challenging for promotion to the Premier League.

The situation has gone from bad to worse both on and off the field as the club continue to lose more than £4 million a year with little sign of improving against a backdrop of dwindling attendances at the Ricoh Arena and the sacking of Aidy Boothroyd – the second manager the owners put in place in the space of three years.

And despite Sisu pumping in an initial £25-30 million, the club’s majority shareholders are seemingly reluctant to shell out much more while the club keep making losses, hence the failure to draft in much-needed loan players at a time when the playing squad is at breaking point with injuries.

But although the club is in financial meltdown the new board members insist Sisu are in it for the “long haul” as they strive to find new injection of cash from fresh investors, and are seemingly reluctant to put the club into administration because that would mean they would lose their investment.

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