SISU Top boss Joy Seppala has said that Coventry City will not be put into administration or liquidation.
Speaking to the Coventry Telegraph in a rare interview, Seppala,who said that she was sorry that mistakes had been made and wanted better relationships with the major stake holders and fans, said; "Administration would not be helpful for Coventry City at all.
"For a start the club would be deducted a minimum of ten points by the Football League which would harm an immediate return to the Championship next season.
"Secondly, new investors would need to be found to avoid the club being liquidated and disappearing completely. In a liquidation scenario, the club would lose all of its players and staff and even if the club could be revived at a later date, it could still face the prospect of possibly having to start again from the very bottom of the English football pyramid (Midland Combination Division 2. ED).
"Unfortunately, for many clubs around the country currently facing difficulties, there are not queues of people looking to take on the very considerable pressures and responsibilities of owning a football club right now, so administration is not certainly an easy way out of the current difficulties.
"It goes without saying that facing either scenario - administrators or liquidation - would be highly trumatic for fans and staff alike."