Managing director Paul Fletcher has revealed Coventry have received two firm offers to take over the club and a third is expected this week.Fletcher, who last week denied the club faced the threat of administration due to a breakdown in talks with potential investors, believes he is making good progress in finding new money for the club.
He said: "While I am not at liberty to discuss any specific names or financial matters, I can say that there have been two firm offers made.
"They are legitimate offers that are in the long-term interests of the club and we expect a third offer to come in over the next few days."
Fletcher added both bidders also wanted to make manager Iain Dowie and his staff part of the long-term future of the club.
In February, American consortium Manhattan Sports Capital Partners - the bid vehicle for investors Sean McDevitt and Philip Harris, along with US-based English investment advisor Roger Marment - agreed in principle a deal to buy the Sky Blues and take on their estimated debts of £28million.
The talks were being spearheaded by business consultant and lifelong City fan Gary Hopkins.
Since then, Coventry have revealed they have been in negotiations with three other parties about investment.
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