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Last Updated: Wednesday, 10 October 2007, 09:04 GMT 10:04 UK
Coventry chairman Robinson quits
Coventry City
Coventry City have estimated debts of 28m
Acting Coventry chairman Geoffrey Robinson has resigned to return to his role as an MP after the collapse of a takeover by an American consortium.

The club announced that Manhattan Sports Capital Partners Limited withdrew their investment interest on Monday after months of negotiations.

Robinson said he did not have enough time to resurrect another deal and that director Joe Elliot would be chairman.

Paul Fletcher resigned as managing director last week.

Robinson said: "Other intensive negotiations are under way and they need full-time attention."

Manhattan Sports Capital Partners Limited had agreed a deal in principle to buy the Championship side and take on estimated debts of 28m back in February.

But Robinson, who is Labour MP for Coventry North West, feels he does not have the required time to help secure more funding.

"On the resumption of Parliament on Monday 8 October it was quite clear to me that I could no longer continue as acting chairman of Coventry City Football Club for there are simply not enough hours in the day," he said.

"It had been my aim by the end of the (parliamentary) recess to have achieved the Manhattan takeover and to return full-time to Westminster.

"Sadly, Manhattan and other negotiations did not come off so I must stand down now so that I can properly conduct my Westminster and constituency duties."

SEE ALSO
US group ends Coventry interest
08 Oct 07 |  Coventry City
Sky Blues chief Fletcher resigns
05 Oct 07 |  Coventry City
Coventry edge closer to takeover
18 Sep 07 |  Coventry City
Sky Blues insist talks continue
13 Sep 07 |  Coventry City
Coventry takeover still on course
22 Jul 07 |  Coventry City
Coventry investors urge patience
14 May 07 |  Coventry City
US group eyeing Coventry takeover
07 Mar 07 |  Coventry City
Coventry in talks with investor
22 Feb 07 |  Coventry City
Angry Dhinsa ends Sky Blues bid
15 Dec 04 |  Coventry City


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