The Football League have said that it cannot do a lot if those running member clubs cannot manage them properly.
In an article primarily about the plight of Leyton Orient, who have dropped out of League One and League Two in successive season, something which has concerned Coventry City supporters, the League said: "In respect of the EFL’s Owners’ & Directors’ Test.
"It is important that supporters understand that the Test governs the eligibility of who is able to own a club - it does not also ensure that those individuals have the capability to manage it properly.
"The role of the EFL is one of a competition organiser and the management of clubs is a matter for their Directors, as long as their conduct is not in breach of any of our Regulations.
There are any number of actions the EFL might wish to take, but it can only ever act in accordance with those Regulations."