Source: PA
Ranson position remains unclear
Coventry are still yet to officially confirm the resignation of Ray Ranson as chairman of the npower Championship club.
Reports of Ranson`s decision to quit the City board broke on Thursday, with the 50-year-old understood to be handing over his senior responsibilities although it is believed he will stay on until the end of the season in a consultancy role.
But, on the same day an anticipated announcement is still to materialise, it has been revealed troubled Coventry are under a Football League transfer embargo as an increasingly worrying financial predicament engulfs the Ricoh Arena.
The embargo goes a long way to explaining why the injury-ravaged Sky Blues are the only side in the second tier not have a single loan player in their squad - with the only action of Thursday`s deadline day being the much-needed prevention of leading scorer Marlon King departing amid supposed interest from Cardiff.
A club spokesman said: "There is a transfer embargo in place at the moment but Coventry City is not alone in that situation in football.
"SISU have been committed to the funding of the club for nearly three-and-a-half years and there is no suggestion that this will not continue in the future."
