The Hannover Square based division of Hedge Fund, SISU Equity took control of City back in December, using the previously un-traded Sky Blue Sports And Leisure as a takeover vehicle and demanded 90% of the shares by an extended April deadline otherwise the deal would not be completed.
Ray Ranson who is the football face of the consortium and currently CCFC Acting Chairman until a new Board is approved, told the club website:
"I'm very pleased with the progress we have made in the process of transferring shares and we are now only 2% short of the percentage needed to acquire the Club.
Ray Ranson (middle)
"I would like to take this opportunity to thank those supporters who have kindly transferred their shares and also to encourage any remaining shareholders to contact the Football Club immediately.
"I am confident of reaching the 90% threshold within the next couple of weeks and when it is achieved, Sky Blue Sports and Leisure Ltd will be in a position to announce new Boards for Coventry City Football Club and Coventry City Football Club (Holdings) Ltd."