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Page last updated at 12:49 GMT, Saturday, 20 August 2011 13:49 UK

Coventry City chairman plays down investment talks

Coventry City

Coventry City chairman Ken Dulieu has expressed his "disappointment" after holding talks about new investment.

Members of the club board met with former vice-chairman Gary Hoffman, who leads a group interested in taking control, on Friday.

Dulieu scotched reports suggesting a positive outcome, saying: "We had been led to believe this would be a meeting with principal investors.

"We were disappointed that no principal investors were present."

Dulieu confirmed that suspended life-president Joe Elliott also attended the meeting, along with four other people looking to takeover from current owners SISU.

The chairman added: "There was a frank exchange of views. No formal offer was put on the table, which is what we had been asking for. Gary's previous indicative offer of a pound for the club is totally unacceptable.

"I can fully understand people being frustrated at the outcome of this meeting as it is becoming a long and drawn-out saga.

"It cannot go on forever because it is not fair on our supporters who have been led to believe that something concrete will happen.

No formal offer was put on the table, which is what we had been asking for
Coventry chairman, Ken Dulieu

"We have a business to run and want to put 100% of our efforts into supporting Andy Thorn, Steve Harrison and the team, and turning the club around.

"Therefore the position remains the same - SISU continue to fund the club."

But Elliott felt the talks had gone well, telling BBC Coventry & Warwickshire: "It's a little confusing. We met with the chairman of the company who is the lead investor.

"We were very happy with the way that it went.

"Bearing in mind the last thing Gary and I want to do is to cause a problem with the club.

"All we're trying to do is to give the club an opportunity of talking to a meaningful investor which is exactly what happened."

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