Coventry City administrators extend takeover offers deadline

Ricoh Arena

Coventry City's administrators have extended the deadline for any party interested in taking over the troubled club to make a bid to Friday 7 June.

City have been in administration since a High Court hearing in March.

Joint-administrator Paul Appleton had originally set a deadline for 31 May for parties to formalise an offer.

However, after being approached by an Asian consortium and a group headed by American Preston Haskell IV, the deadline has been extended.

The two parties are bidding to buy Coventry City FC Limited, the division of the club that Appleton and the Football League believe holds the Golden Share.

After being put into administration, the club was automatically deducted 10 points by the League, costing them any chance of promotion.

However, current owners Sisu argue that Coventry City Holdings Ltd, which is not in administration, holds the club's assets, including staff contracts and the Golden Share.

Sisu initially appealed against the points deduction, but later withdrew its action.

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