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Appleton confirms four final bids for Coventry City.


IMAGE: Coventry City Football Club.

Coventry City Football Club Limited’s administrator Paul Appleton has confirmed four parties have met today’s final deadline for bids to buy the company out of administration.

It was believed that there could be up to six final bids for the Sky Blues, but as of the deadline at 12:00 BST, only four had been received.

Appleton released a statement around half an hour after the deadline passed, which reads:

“Following today’s deadline for Final and Best bids for CCFC Limited, I can confirm I have received four bids.

“I will obviously now take time to consider these bids before contacting the bidders with my final decision on a preferred purchaser.

“There will also be discussions with the Football League as part of this process.”

The BBC reports that among the four final bids is one from a company related to hedge fund Sisu-owned Coventry City Football Club (Holdings) Ltd.

It has also been confirmed that another final bidder is US property investor Preston Haskell IV, with backing from former Sky Blues directors Joe Elliott and Gary Hoffman.

North Warwickshire businessman Michael Byng confirmed he has pulled out of the bidding, but he insisted his Chinese investors are still interested in talks at a later stage

It is not yet known if Arena Coventry Ltd, which made an indicative bid last week, is among the final bidders.

Appleton has also stated his desire to have a solution before the 2013/2014 fixtures are released next Wednesday, June 19th.

About RNTomlinson

Part-time blogger. Full-time entertainer. Can be found on RNTomlinson.com & ccfctv.co.uk.

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