 Coventry are hoping to clear their �28m worth of debt |
US-based businessman Gary Hopkins believes it is too early to put a figure on the cost of the proposed takeover of Coventry City. Hopkins is heading talks for American consortium Manhattan Sports Capital Partners, who have a non-binding agreement to buy the Championship club.
But the Sky Blues fan told BBC Radio Five Live: "We are in the early stages of looking at a financial package.
"It is therefore too early to say how much we are talking."
Coventry have debts of around �28m and are looking for investment to provide transfer funds for new boss Iain Dowie.
Hopkins added: "Everyone knows Coventry has been through tough times in the last five years and we need to look at that and make it change.
 | The consortium have seen what is happening in both US and UK football and want to get involved |
US investors Sean McDevitt and Philip Harris who, along with English investment advisor Roger Marment, are the figures behind the consortium and Hopkins is keen to establish a successful business plan before taking over.
"Sport is a business and has to work economically and add value," he said. "We have to set down a business strategy and there has to be a good business model.
"They (the consortium) have seen what is happening in both US and UK football and want to get involved. I am a Coventry fan and I have been working with managing director Paul Fletcher for six months."
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