From the CT article: "It is understood the Football League will agree to a new stadium outside of the city boundary as long as it is within eight miles of Earl Street, where the Council House is."
That's an enormous area - just looked on google earth and that 8 miles takes you almost to the centre of Nuneaton, just about to Wolvey, Brinklow, Church Lawford, Princethorpe, the Lillington side of Leamington, Honiley, Balsall Common, and as far as the Stonebridge Island on the A45. Surprised (though probably shouldn't be) that the Football League would allow that far.
Hopefully, if it is to be outside of the CCC boundary, its bloody close to it. Although it would be nice if Anderson were to re-approach CCC to see if there is any chance of something happening inside the boundary. Lots of 'ifs' though - including the biggest 'if' - it actually happens at all.