Joe Elliott has said that his consortium will continue to do their best to buy what is available of Coventry City FC.
Many had hoped that the Administrators Report would have cleared the way for a bid to made for the club, but hopes were dashed when the report actually came out.
Speaking to the Coventry Telegraph's Martin Bagot, Mr Elliott said: "We are not downhearted. "We will continue to do our best."
Source: Coventry MAD