Managing director Paul Fletcher has revealed that Coventry have received two firm offers to take over the club and a third is expected this week.
Last week he denied the Sky Blues faced administration because of a breakdown in talks with potential investors.
"There have been two firm offers made," said Fletcher.
"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 also wanted to make manager Iain Dowie and his staff part of the long-term future of the club.