According to ICCoventry the Sky Blues are very close to being taken over.

The Coventry Evening Telegraph have said that a group of British investors have come up with a financial offer to take over both the club and the Ricoh Arena worth at least £30 million which will save the Sky Blues from administration.

Although the offer has yet to be formally approved, it is understood to be acceptable both to the club’s bankers, the Co-op, and to ACL, the company which owns the Ricoh.

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