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'.
The sale of Coventry City has been completed, but the Football League still needs to decide on its future
Members of the Sky Blues Trust, a supporters' group, have given a letter to the club's administrator.
Sources at Coventry City say the club is in ‘advanced talks’ with Walsall over plans to temporarily play at Bank's Stadium.