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Last Updated: Tuesday, 13 March 2007, 11:50 GMT
Hopkins coy on Coventry takeover
Coventry City
Coventry are hoping to clear their 28m worth of debt
US-based businessman Gary Hopkins believes it is too early to put a figure on the cost of the proposed takeover of Coventry City.

Hopkins is heading talks for American consortium Manhattan Sports Capital Partners, who have a non-binding agreement to buy the Championship club.

But the Sky Blues fan told BBC Radio Five Live: "We are in the early stages of looking at a financial package.

"It is therefore too early to say how much we are talking."

Coventry have debts of around 28m and are looking for investment to provide transfer funds for new boss Iain Dowie.

Hopkins added: "Everyone knows Coventry has been through tough times in the last five years and we need to look at that and make it change.

The consortium have seen what is happening in both US and UK football and want to get involved

Gary Hopkins

US investors Sean McDevitt and Philip Harris who, along with English investment advisor Roger Marment, are the figures behind the consortium and Hopkins is keen to establish a successful business plan before taking over.

"Sport is a business and has to work economically and add value," he said. "We have to set down a business strategy and there has to be a good business model.

"They (the consortium) have seen what is happening in both US and UK football and want to get involved. I am a Coventry fan and I have been working with managing director Paul Fletcher for six months."

SEE ALSO
US group eyeing Coventry takeover
07 Mar 07 |  Coventry City
Coventry in talks with investor
22 Feb 07 |  Coventry City
Dowie takes over as Coventry boss
19 Feb 07 |  Coventry City
Angry Dhinsa ends Sky Blues bid
15 Dec 04 |  Coventry City


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