In order to protect myself, Pete and Fly I fully intend to lace this post with the words allegedly, supposedly, reportadly etc etc.
On the various message boards and social media sites there are two schools of thought flying round. The first is that in the new contract Sheridan signed there is no severance clause. Thus technically CFC have to pay him up to the end of that contract. Thus he is on gardening leave until they can agree a muutually agreeable settlement.
The other version (this is where the allegedlys etc etc come in) He is on 'Gardening leave' whilst an investigation is held into breaching club discipline rules. If these can be made to stick then they can sack him without paying him off. Various allegations are coming out including (reportedly allegedly supposedly maybe possibly) Gambling and Alcohol.