[22 JAN 02] COVENTRY CITY NEWS

Richardson Quits In Boardroom Drama 

This morning's meeting saw a vote of no confidence taken in Richardson's leadership of the club and that was followed by an immediate call for his resignation.

His place as Chairman will be taken by Mike McGinnity, who has been Deputy Chairman for the past eight years. Unlike Richardson, who was paid for his dual role, McGinnity has declined a payment for his services as Chairman.

Richardson's salary was one of the main controversies at the club during the past year, with what was described as a one-off bonus pushing his payment to over £500,000 for the year ending 31st May 2001, even though the club's debt spiralled to over £60-million in the same period.

The move comes just over a week since millionaire Coventry Labour MP Geoffrey Robinson was voted back on to the board.