SISU Capital Ltd have told BBC Coventry & Warwickshire that they are not going to make any comments until after the creditors meeting on Monday.
All the main creditors including SISU and Arena Coventry Limited will be asked to sign a Company Voluntary Agreement, which will see the creditors of CCFC Ltd receive around 26p in the pound.
If they refuse, CCFC Ltd is liquidated and this could well affect the club as a whole by puttimg the Sky Blues out of business completely.
Peter Knatchbull-Hugesen of Arena Coventry Limited told BBC Coventry & Warwickshire this morning that SISU Boss Joy Seppala refused any talks unless ACL agreed to the CVA first.
Source: Coventry MAD