Arena Coventry Limited Solicitor James Powell has told BBC Coventry & Warwickshire that he can't see how Coventry City's owners can afford a new ground.
Speaking to BBC Coventry & Warwickshire, James Powell said: "i was surprised and taken aback.
"My personal impression was that this was an announcement made on the hoof.
"There's not been any suggestion of another stadium in and around Coventry in anything Mr Fisher or the club have been saying over the last few months.
"The Football League are looking for a whole host of things. A ground in the vicinity of Coventry is one of those things, but a club with financial stability is far more important.
"Mr Fisher is a director, or the director, of a company that, according to the administrator's report, is £70m in debt and was described as a "catastrophic insolvency" by the administrator's own barrister.
"You'd be asking the question 'Mr Fisher, where are you getting the money from, given that you've managed to lose £70m over the last few years?' "
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