Coventry City Football Club (Holding) have issued a statement following the placing of a subsiduary company into administration.
A spokeman is being reported as saying: "A non operating subsiduary of the club was placed into administration today.
"It is important to stress that the football club itself is not under threat.
"This is merely a property subsiduary which owns no material assets and has no employees, on or off the pitch."
All staff wages, PAYE and other creditor commitments are continuing to be met as before.
Source: Coventry MAD