Coventry City Acting Chairman Joe Elliott has been talking more about the latest goings-on with the takeover.
"We are working very hard and Ray Ranson is very keen on Coventry City and I am convinced he and his Sisu consortium will come up with a new deal that is acceptable to all parties," said Elliott to the CT.
"We are waiting for their final offer, which I understand is very close, which will be acceptable to the bank and everyone else, including the Higgs Charity and ACL.
"We believe the notice of intent to file for administration in ten working days was the correct thing to do. We have got terrible financial problems and we are trying to hold our hands up and be honest.
"This notice can be withdrawn at any time. If we do it on day two or three, great, and if we do it on day nine, brilliant. It had to come to this point. We have had to move things on in a much faster way.
"We haven't had much choice but we believe this is a very positive move which will, ultimately, bring success. "The quicker the deal is done the better because this club needs a new lease of life."