Former Coventry City Chairman Geoffrey Robinson has told SISU to either invest in the club and new players or to sell up.
Speaking to Central News, the MP said: "Put money into the club, money for new players and that involves significant funds these days or find a new owner for the club who has the funds and has the commitment to do it.
"There are two simple choices. They have got to make up their minds as they are heading in simple terms for wrack and ruin and disgracing the name of the club."