Coventry City administrators extend offers deadline.

The Ricoh Arena, the home of Coventry City since 2005.

Coventry City Football Club’s joint administrators have extended the deadline for offers for the financially troubled club until Friday, June 7th.

The Sky Blues have been in administration since March and thus incurred a 10 points deduction last season, which put a halt to the club’s promotion back to The Championship plans.

The original deadline of May 31st (today) saw two offers recieved; one from American businessman Preston Haskell IV and another from a consortium led by Michael Byng.

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, allowing the club to play in the Football League.

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.

Earlier this week, current Chief Executive, Tim Fisher reitrerated that SISU are “in it for the long haul” and has already revealed that the club are not returning to The Ricoh Arena, but are looking to build a new stadium just outside of the city.