City confirm takeover delay
Coventry City managing director Paul Fletcher has admitted that the club's takeover by a US-based consortium is unlikely to happen ahead of the August transfer deadline.
'It's almost certain now it will not be concluded or rushed through quickly just so Iain Dowie gets money to buy new players this summer,' he told The Telegraph as negotiations continue.
'I don't think there's a chance now because of these protracted negotiations. There's no point me misleading him or the fans.
'If you ask me an honest question, I think we've missed this particular transfer window and that's life.'
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