THE following statement has been issued by Coventry City:

Tim Fisher, chief executive of Coventry City, said: "We have had a proposal letter from Gary Hoffman and his associates looking to discuss the future of the football club.

"We have agreed to meet in the near future to talk through both their intentions and plans and to share our own plans for the future of Coventry City.

"We will devote appropriate time and effort to these discussions - but it will not distract us from our ongoing efforts to improve things on and off the field."