SISU are still the owners at the moment and the timing of the King announcement was interesting. If he gets past the Owners and Directors Test is the move viable if he doesn't own the stadium? (nb - he put a bit in but too late)I don’t think SISU are the owners now..A local business man, Doug King bought the Sky Blues, subject to EFL ratification.
Gut feeling is that he was given passage to the club only when SISU feared that Ashley would take over the stadium. The courts don't give him the stadium; so not sure how the club is a viable proposition. Equally don't see how/why a stadium that clearly isn't that viable would be worth Ashley's investment without ulterior motives on his part.
I think he wants the football club (and possibly to resurrect the rugby union side) but only as distressed assets. SISU are also trying to extract everything they can from an investment that has been a disaster for them (and Coventry).
Just my opinions/guesswork of course.