Coventry's board has announced its intention to take the
cash-strapped club into administration.
The Sky Blues are in takeover negotiations with a consortium led by
football entrepreneur Ray Ranson.
"This legal notice gives Coventry a 10-day window to complete the
takeover talks with Ray Ranson and Sisu Capital," said the board's
statement.
If the Championship club do go into administration, they will be
deducted 10 points.
Coventry lie 14th in the table, with estimated debts of £38m, and
their perilous financial state led to a transfer embargo being
imposed.