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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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Winning Sky Blues bidder connected to current owners

The administrator for the part of Coventry City which is in administration has said the bid put forward by Otium Entertainment Group Limited was 'substantially more' than the three other offers received.

The company is connected to Sisu, who took over the Sky Blues in 2007.

The bid from Otium Entertainment Group Limited was substantially more than any of the other three bids received

and was the bid which gave the greatest return to the unsecured, non-connected creditors of CCFC Limited by a considerable margin.

– Paul Appleton, administrator for Coventry City FC Ltd

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