Coventry debts scare off David

By PA Sport  December 11, 2007
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Greek billionaire Alki David has withdrawn his interest in buying Coventry and claimed the club is "falling apart".Businessman and movie mogul David, 39, who has a reported fortune of £4billion, on Monday emerged as an 11th-hour challenger to Ray Ranson´s bid to buy the Coca-Cola Championship club. But after studying Coventry´s finances, David has opted to withdraw his interest, paving the way for Ranson´s Sisu consortium to takeover at the Ricoh Arena.David told PA Sport: "After looking through the finances and seeing the numbers, the club is falling apart. The debt does not tally. Good luck to whoever takes them on."

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