Not looking good for the takeover £38m of debts is one hell of a debt to take on, admin might be the best thing for the club. They'll probably still stop up and have a fresh start, i'd feel for all the businesses that they owe money to.
I think they'll beat the deadline If they were to go into administration , Ian Dowie & his coaching staff have said they'd have to review their positions . So , it's possible that Coventry would lose more than ten points were the worst case scenario to take place .