But former City player Ray Ranson is understood to have withdrawn his bid to buy the club.

BBC: Man City move closer to takeover

The most notable of these was the departure of chairman Ray Ranson who had been integral to the takeover.

BBC: MP Damian Collins' concern over Coventry City ownership

I'm really hopeful - I've just spoken to Ray Ranson and he's very hopeful - we just need to get things moving along.

BBC: Coventry plan for administration

Hoffman resigned in February, unhappy with key decisions made at boardroom level, and he was followed out of the door by chairman Ray Ranson last month.

BBC: Coventry City urged to buy Ricoh Arena by Gary Hoffman

On Monday, Coventry's board announced its intention of taking the club into administration but are hopeful of completing a takeover offer from Ray Ranson and Sisu Capital.

BBC: Bournemouth ponder administration