A proposed takeover deal of Sky Bet League Two club Coventry City has not yet been agreed according to the Coventry Telegraph.
The Sky Blues have been desperate for much needed investment for a number of years and a consortium led by former Coventry City vice chairman Gary Hoffman have been heavily linked with a takeover of the troubled West Midlands club.
Rumours have recently emerged that the proposed takeover of the club has been completed after multi-millionaire poker player Dale Evans, who is also involved in the consortium was thought to have confirmed the group’s purchase of the club.
Despite the rumours currently circling The Ricoh Arena, consortium leader Hoffman has confirmed that no takeover deal has been agreed although the group could hold talks with current Coventry City owners Sisu in the future.
The Sky Blues have been in decline for a number of years since their relegation from the top flight of English football in 2001. Last season, the club dropped into the fourth tier for the first time 1959 as a result of another campaign dogged with both on and off-field problems.
The club have bounced back to form this season and currently find themselves challenging for promotion from Sky Bet League Two although fresh investment and new ownership is required if the club are to fulfil their potential over the long term.