Under new American owners, funds dried up and the club drifted towards relegation. Reynolds reign came to an abrupt end in 2004 when he was sent to prison for tax evasion, leaving the club tied to a huge stadium they could not afford. Sisu, the clubs hated hedge fund owners, steered the club into administration amid a petty dispute with the stadium operators that left Coventry locked out. As the club drifted down the leagues amid financial struggles, the capacity shrank to 15,000. In the meantime, the club clung to life at Boothferry Park, dodging relegation from the league and sliding into receivership.
Reynolds failed to pay the demanded tax.
( z0 fail :ARG1 ( z1 person :name ( z2 name :op "Reynolds" ) ) :ARG2 ( z3 pay :ARG0 z1 :ARG1 ( z4 monetary-quantity :ARG1-of ( z5 demand ) :ARG1-of ( z6 tax ) ) ) )
(z0 / fail-01
    :ARG1 (z1 / person
              :name (z2 / name
                        :op1 "Reynolds"))
    :ARG2 (z3 / pay-01
              :ARG0 z1
              :ARG1 (z4 / monetary-quantity
                        :ARG1-of (z5 / demand-01)
                        :ARG1-of (z6 / tax-01))))
Reynolds failed to pay the demanded tax .
z1 :name z2
z2 :op1 0
z0 :ARG1 z1
z0 :ARG2 z3
z3 :ARG0 z1
z4 :ARG1-of z5
z3 :ARG1 z4
z4 :ARG1-of z6