Coventry have been placed under a transfer embargo after failing to file their club accounts on time.
The npower Championship club missed the February 29 deadline and as a result they are temporarily banned from any activity in the transfer market.
However, the Sky Blues have moved to ease fears of financial problems at the Ricoh Arena, and in a club statement, chief executive Tim Fisher said: "We want to be 100 per cent transparent and open about the situation so our supporters are left in no doubt about what is happening."
Copyright (c) PA Sport 2012, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms