"While the Board of the Club is prepared to consider any realistic proposals for investment in Coventry City, it has not received a firm approach from Jojar Dhinsa, nor does it believe at this point that there is any evidence to suggest that he or his colleagues have the necessary funds available for such investment.
"Stories of this nature provide nothing but disruption for the Club and the Board takes exception to speculative statements which has been issued on this subject, which raise false expectations among supporters and affects the Club, Manager, players and staff at a time when Peter Reid and his side are preparing for the new campaign."