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LONDON, Dec 3 (Reuters) - Coventry City have filed a court notice to go into administration, the 1987 FA Cup winners said on Monday.
"This is merely a legal process protecting the bank and it's creditors and should speed up the potential takeover of the club and therefore take Coventry City into a solvent financial situation," said a statement on the club's Web site (www.ccfc.premiumtv.co.uk).
"The legal notice gives Coventry City a 10-working day window to complete the takeover talks with Ray Ranson and Sisu Capital, along with other parties."
Coventry, who have struggled since relegation from the Premier League in 2001, are 14th in the Championship (second division) and have been actively seeking a buyer.
Monday's statement also said that staff and player wages had been paid and they were "looking forward to a successful conclusion of the takeover in the near future".
Football League rules state that any club going into administration are deducted 10 points.
