As expected, Coventry City have publically agreed to announce they are talks with the Hoffman consortium.
News came out over the weekend, that a public announcement was imminent and the club have issued today the following statement:
Tim Fisher, Interim Chief Executive of Coventry City, said: "We have had a proposal letter from Gary Hoffman and his associates looking to discuss the future of the football club.
"We have agreed to meet in the near future to talk through both their intentions and plans and to share our own plans for the future of Coventry City.
"We will devote appropriate time and effort to these discussions - but it will not distract us from our ongoing efforts to improve things on and off the field."
All talks are to remain private and confidental until a statement saying whether these talks have been successful or not will be released.