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Last Updated: Monday, 10 December 2007, 16:46 GMT
Billionaire enters Coventry talks
General view of the Ricoh Arena
Coventry need to prove their solvency by Thursday
Greek billionaire businessman Alki David has entered talks to buy cash-strapped Coventry City.

He told BBC Coventry and Warwickshire: "I'm told it's a sleeping giant and a good opportunity so we are talking.

"We need to look at the books to see what the debt is, but it's a club that has had entry to the Premiership so on that level it would be a good deal".

Coventry have until Thursday when they must either prove their solvency or enter administration.

"We will move very quickly but no commitments are being made until we have looked at the books," David said.

I'm a film maker and football is not my first love but apparently it's a fine club

Alki David

Last week the club announced they were looking to go into administration in order to bring to a head the takeover talks with rival Ray Ranson.

But if the club were to do so they would incur a 10-point deduction and drop into the bottom three of the Championship.

David will have to take on 38m of debt if he is to buy the club but he denies that the figure is a problem for a man with a reputed 4bn fortune.

" You go into these things for the long haul, we have investments in other clubs and own a couple outright.

"I'm a film maker and football is not my first love but apparently it's a fine club."

MESSAGEBOARD
lewysCOV

Former Crystal Palace boss Dowie has claimed that he would review his position at the club if they were to go into administration but David insists he's not interested in becoming a hero for the club's supporters.

"It would be wonderful to do a good turn but godliness is not the business I'm in. I'm in the filmmaking business."

The Sky Blues have issued a statement saying they remain fully committed to a bid from Ray Ranson's Sisu Capital group and have confirmed they have not received any further offers.

SEE ALSO
Coventry plan for administration
03 Dec 07 |  Coventry City
Manager Dowie may quit Coventry
29 Nov 07 |  Coventry City
Dowie pained by transfer embargo
21 Nov 07 |  Coventry City
Coventry takeover names revealed
01 Nov 07 |  Coventry City


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