Coventry City FC sale complete

The administrator for Coventry City says the sale of the club to a company connected to its current owners Sisu has been 'completed'.

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US property tycoon among Sky Blues bidders

Coventry's suspended life president Joe Elliott, is part of the consortium Credit: Steve Mitchell/EMPICS Sport/PA

ITV News Central can confirm an American property tycoon has put in a final bid for the part of Coventry City which is in administration.

Preston Haskell IV is working with the club's suspended life president Joe Elliott and former vice-chairman Gary Hoffman.

The group is one of four interested parties who put in 'best and final' bids for Coventry City FC Ltd before a deadline of midday today.

Sources in Haskell's camp say the US businessman is hoping the administrator will decide on a preferred buyer 'as soon as possible'.

Four final bids made for Sky Blues

The administrator for the part of Coventry City which is in administration, has received four final bids.

"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."

– Paul Appleton, administrator for Coventry City FC Ltd

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Arena Coventry Limited bid to buy Coventry City FC assets

Coventry City Football Club are tonight a step closer to playing at the Ricoh Arena next year after its owners said they could use it rent-free.

ITV News Central has also learned that Arena Coventry Limited, who own the stadium, have made a bid to buy the club's assets from the administrator- a controversial move given it was their application to the courts for unpaid rent which resulted in the club going into administration.

Ricoh say Sky Blues can play at stadium 'rent free'

The firm which owns the Ricoh Arena has said Coventry City can play at the stadium, without having to pay rent whilst the club is in administration.

Arena Coventry Limited (ACL), which runs the Ricoh, has informed the Football League and the club's administrator about the offer.

To enable the Football Club to fulfil its commitments under Football League Regulations, and to provide stability whilst Coventry City Football Club Limited, which owns the League Share, remains in Administration, ACL has agreed to allow the club to play its homes games free of any rental fee, therefore removing any need for the supporters to travel outside the City to watch home games.

– Arena Coventry Ltd

Supporters groups have criticised Coventry City's current owner, Sisu, for planning to move the Sky Blues out of the city for three years, while it builds a new stadium.

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Coventry council firm bids for Sky Blues

The firm which owns half of the Ricoh Arena has made a bid to buy Coventry City.

Arena Coventry Limited, which runs the stadium, is 50% owned by Coventry City Council.

The company has confirmed to ITV Central News that it has put in an offer to purchase Coventry City FC Ltd, the part of the club which is in administration.

"Making a bid for CCFC Ltd has always been an option available to ACL. Such a move would have a beneficial impact of uniting ownership of the stadium with ownership of the football club, and ensuring that the Sky Blues can continue playing in Coventry for many years to come."

– Arena Coventry Ltd

Final deadline for Coventry City FC buyers

The deadline for those interested in buying Coventry City Football Club has been announced by the joint administrators for CCFC Limited.

Following Friday's deadline, I have received a number of indicative offers for the assets of Coventry City FC Limited. I am now inviting all interested parties to provide their best and final offers by noon on Thursday June 13.

Having discussed the situation with the Football League and with the fixtures for the 2013-14 season due to be published on June 19, I believe the sale process must conclude quickly in order that arrangements can be made for the participation of Coventry City Football Club in the forthcoming season.

– PAUL APPLETON, JOINT ADMINISTRATOR FOR CCFC LIMITED

Coventry fans plan London protest

Sky Blues supporters do not want the club to leave Coventry Credit: Jon Buckle/EMPICS Sport/PA

Coventry City fans who do not want the club to move out of the city have announced two protests in London.

Supporters' group the Sky Blues Trust have organised the demos for Saturday 15 June.

They will gather outside the offices of SISU, the company which currently controls Coventry City.

Fans will then stage a similar protest outside the offices of the Football League.

SISU are planning to move the club away from the Ricoh Arena, to another ground in the West Midlands whilst it builds a new stadium in Coventry.

Such a move would require permission from the Football League.

In a statement the Sky Blues Trust said:

"Trust members are urged to join us on the 15th as we clearly and defiantly tell the footballing world "We shall not be moved”.

Coventry to explain planned move to fans

Coventry CEO Tim Fisher will be at the meeting Credit: Dave Howarth/PA Archive/Press Association Images

Coventry City are holding the first in a series of fan meetings today, to explain plans to move the club to another stadium.

The proposals would involve the Sky Blues playing their matches at another location in the West Midlands for three years.

During that period, club bosses say they will build a new ground in the Coventry area.

Coventry CEO Tim Fisher will be outlining the reasons behind the changes at a meeting with supporters at the club's training ground.

Fans who are against the idea of the club being moved out of the city, are expected to hold a peaceful protest.

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