Coventry City Council leader John Mutton has said that the City Council will not help the Sky Blues to come to a rent reduction, if the club are relegated.
Owners SISU have not met the last payment of rent and the Councillor leader and long time City supporter told the Independent that there would be no help for the club whilst SISU were in charge.
Cllr Mutton said: "I don't think we will be able to help while there is a hedge fund involved.
"They won't sell even though there has been interest, because no one will pay the money they want to offset their losses. That's their own fault, there is no sympathy from local people. We won't consider selling our shares to Sisu. If we had a company we thought would take it forward we might."