Coventry reveal American takeover talks

Coventry have moved a step closer to a takeover after confirming that an American consortium is in advanced talks to buy the club.

The Manhattan Sports Capital Partners are the bid vehicle for American investors Sean McDevitt and Philip Harris who, along with US-based English investment advisor Roger Marment, have already agreed a deal to buy the Coca-Cola Championship club and take on their estimated debts of £28m (€41.1m).

Talks are being spearheaded by US-based business consultant Gary Hopkins who is a lifelong Sky Blues fan and has been putting the consortium together over the last five months.