Coventry in line for American takeover

League One Coventry City are being lined up for a takeover bid from a United States-based property tycoon.

Preston Haskell IV wants control of the club, which is in administration, and to install suspended Sky Blues life president Joe Elliott as chairman.

"He's very keen and the other people in his team are very keen," Elliott told BBC Coventry & Warwickshire.

"This is something I believe would be beneficial to the city of Coventry."

Texas-based multi-millionaire Haskell, who has a fortune estimated at £164m, was last year reported to be interested in buying into Leeds United.

They have a deal in place to take over the half share currently owned by the Alan Edward Higgs charity in Arena Coventry Limited [ACL], the Ricoh Arena's operating company.

And the Americans are now understood to be awaiting the outcome of Coventry's date in the High Court in London on Tuesday with their Ricoh Arena landlords, with whom the club has been involved in a year-long rent dispute.

"We took them [the Americans] around Coventry and they liked what they saw," Elliott explained.

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