According to the Coventry Telegraph's Les Reid, SISU appointed Administrator Paul Appleton has said that it may take some time to resolve City's financial problems.
The paper says that 'speaking to the media at the London office of his company, Rubin & Partners, for the first time since taking charge, Paul Appleton said today: "The situation could take some time to resolve."
'He said he would be "completely independent and utterly impartial" and was "continuing his investigations into all aspects of the club and the companies involved."
What is not known is if Mr Appleton will be delving back into the club accounts of the 1990's when City's financial problems first started to happen.
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Source: Coventry MAD