Formula One supremo Eddie Jordan has denied rumours that he is about to invest in Coventry City.

Whisperings that the Sky Blues fan Eddie Jordan is to invest in Coventry City, but only if Terry Venables is made manager, have been gathering pace.

Alleged sightings of Venables at various locations, including Highfield Road itself, fuelled speculation that there is to be a shake-up at the club.

Jordan, the owner of the eponymous formula one team, has been a Sky Blues fan for years and is potentially a wealthy benefactor for the club, which has counted on the support of city MP Geoffrey Robinson in the past.

And following a string of poor results, the pressure on manger Gordon Strachan could intensify if the Sky Blues suffer another defeat this weekend at the hands of Aston Villa.

Coventry City chairman Bryan Richardson has denied Jordan is getting involved in the club, but was unavailable for comment.

But a spokesman for the Jordan team said that the rumours were baseless.

The spokesman told CWN:

"Eddie Jordan is a Coventry City fan, but any rumours you may have heard about him investing in the Club are totally unfounded.

"He enjoys football, but is not interested in making any financial investment in it."