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Wednesday, 31 October 2007, 06:33 GMT

Struggling Coventry ponder offers

The Ricoh Arena The Coventry board is considering two offers to help the cash-strapped club out of its financial crisis.

The Sky Blues are about £30m in debt and chairman Geoffrey Robinson and managing director Paul Fletcher resigned earlier this month.

But City's board met on Tuesday to discuss the proposals and a further announcement is expected soon.

US-based Manhattan Sports Capital Partners Limited recently withdrew their interest in taking over the club.

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Your thoughts on the goings on at Coventry

New City chairman Joe Elliott told the BBC on Sunday the club could go into administration in the new year unless a buyer or major new investment is found.

And the Football League has imposed a transfer embargo on the club after an instalment payment to Southampton for the transfer of Leon Best was missed.




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Related to this story:

Coventry need buyer by Christmas (28 Oct 07 |  Coventry City )
Coventry under transfer embargo (23 Oct 07 |  Coventry City )
Coventry chairman Robinson quits (10 Oct 07 |  Coventry City )
US group ends Coventry interest (08 Oct 07 |  Coventry City )
Sky Blues chief Fletcher resigns (05 Oct 07 |  Coventry City )
Coventry edge closer to takeover (18 Sep 07 |  Coventry City )

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