Elliott defends administration move

COVENTRY chairman Joe Elliott believes the board’s announcement of their intention to enter administration is in the best interests of the club – and insists it will help to bring a successful conclusion to a proposed takeover.

After days of speculation, the Sky Blues’ board revealed in a statement yesterday that they had “filed in court notices of intent to go into administration”.

At the end of last week a consortium headed by former Manchester City player Ray Ranson was on the brink of agreeing to buy the cash-strapped Coca-Cola Championship club, which has estimated debts of £38 million.