Another City Bid Rejected

Last updated : 14 December 2017 By CNS Sport

Coventry City owners are understood, to have rejected yet another bid for the Sky Blues.

The bid, with add-ons, would have been worth over £20m with £7m up front in cash, way in excess of what the League Two club which has plunged down the divisions over the last seventeen years, is actually worth, considering there is no ground to own.

The Coventry Telegraph are claiming that the bid, which did not include the Ryton training ground, which Sisu are looking to sell for housing, was from the Hoffman consortium, which named two investors on the formal offer letter.

The newspaper also said that the offer had been put to Sisu Capital boss Joy Seppala but was rejected.

A source is quoted by the paper as saying: " That's clearly more than what the club is worth so I am not sure where they go from here. They cannot believe the club has turned that down.

"It's important that people know they are still trying and that the money is there.

"The offer will stay on the table."