I do find this idea interesting, similar to the breakaway team FC United of Manchester, more than Wimbledon scenario.
I am aware that Sphinx, were considering a name change to AFC Coventry not so long ago, and are ambitious.
The basics are in place down at the Sphinx, and they play in Sky Blue, also it is a very large plot of land.
Imagine if a few thousand turned up at the next home game.
Standing on the terraces would be good again!
Season ticket holder for many years, but becoming saddened by the slow, painful death of my beloved Sky Blues, perhaps just perhaps,this could be the answer ???????????????