Managing director Paul Fletcher has revealed Coventry City have received two firm offers to take over the club and that a third is expected this week.
Fletcher, who last week denied the club faced the threat of administration due to a breakdown in talks with potential investors, believes he is making good progress in finding new money for the Sky Blues.
He said: "While I am not at liberty to discuss any specific names or financial matters, I can say that there have been two firm offers made. They are legitimate offers that are in the long-term interests of the club and we expect a third offer to come in over the next few days."
Fletcher added that both bidders also wanted to make manager Iain Dowie and his staff part of the long-term future of the club.
In February, American consortium Manhattan Sports Capital Partners - the bid vehicle for investors Sean McDevitt and Philip Harris, along with US-based English investment advisor Roger Marment - agreed in principle a deal to buy the Sky Blues and take on their estimated debts of £28 million.
The talks were spearheaded by business consultant and lifelong City fan Gary Hopkins. Since then, Coventry have revealed negotiations with three other parties.
Meanwhile, on the pitch, Iain Dowie's men look to put Saturday's 3-0 beating at the hands of Bristol City behind them tonight when they visit Crystal Palace.
The match takes Dowie back to Selhurst Park for the first time since he acrimoniously left last year.
He will be without injured midfielders Julian Gray and Isaac Osbourne.
