The Sky Blues were quoted at that price, the day after the season finished and despite the sacking of Chris Coleman and replacing him with Aidy Boothroyd, the odds have not changed.
You can also get odds of 9/1-16-1 on the Sky Blues to be promoted, 125/1 on Coventry to win the League Cup and 200/1-250-1 on City to win the FA Cup.
Before placing a bet, you are advised to shop around for the best odds.