Coventry secure new owners
Coventry City administrator Paul Appleton has confirmed that the sale of the League One club to the Otium Entertainment Group has been completed, reports BBC Sport. But, although the sale is finalised, the League One club will remain in administration until a Creditors Voluntary Agreement is issued and agreed with all parties.
"This has been no ordinary football administration," said Appleton.
"I have tried to undertake a sale process allowing the club to compete in all next season's competitions."