Coventry City may be saved by a British Consortium with a £30m.
The Coventry Telegraph reported the story this morning but at lunch-time, Joe Elliott told City supporters in the Hen Lane Club, any deal was not as close as the paper had intimated but things were still looking positive.
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Any deal would have to agreeable to the club, Co-op Bank, Higgs Charity, City Council and ACL and may take time to complete.
This sparked the usual set of rumours with one being that Graeme Souness was watching the game.