Football club Coventry City will have to enter administration if a deal is
not struck this afternoon with potential buyers.
The £38m-indebted club has until 1600 to prove it is solvent.
Former player Ray Ranson is viewed as the main hope for the club, leading a
bid to take control,
Entering administration would see the club docked ten points for this season.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children