American multi-millionaire Preston Haskell IV has tabled a bid to buy Coventry as well as half the Ricoh Arena, according to reports
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– Coventry City chief executive Tim Fisher
The fact is that we are being locked out of the Ricoh Arena.
We have been told that there is no further room for negotiation and an offer that we made to get back round the negotiating table has been rejected.
It is with great regret that we now have no alternative but to consider other arrangements for next season and we would be failing the club, its supporters and its staff if we did not start making such plans now.
The club is keeping the relevant football authorities fully informed of developments, and we will keep everyone informed when there is specific further news.
Coventry have confirmed they have appealed against their 10-point deduction by the Football League for entering administration.
The npower League One club's hopes of a play-off place effectively ended with the penalty, which was handed down last Thursday.