According to the Coventry Telegraph's Les Reid, the report published today by CCFC Ltd Administrator Paul Appleton is inconclusive.
Mr Reid has tweeted: "my understanding is #CCFC admin report is an inconclusive interim report."
How far Mr Appleton delved into both the Director and Club accounts over the last twenty years in order to establish how the problems began is unknown.
More to follow
Source: Coventry MAD