Coventry City Confirms Takeover Offers

Coca-Cola Championship team Coventry City has confirmed that the club has
received two firm takeover offers with a third expected later this week.

Managing director Paul Fletcher has denied the club faced administration
because of a breakdown in talks with potential investors and revealed that
offers were on the table.

He said: ‘There have been two firm offers made. They are legitimate offers
that are in the long-term interests of the club and we expect a third offer to
come in over the next few days.’

Fletcher added that both bidders were committed to the current management
structure at the club.

Coventry moved into the new Ricoh Stadium a few seasons ago but have
struggled to pay back the investment in the new ground.