The Scot, who only made the switch from Falkirk two weeks ago, admits it would be "mission impossible" regarding City's promotion hopes were they to suffer the penalty, with the club currently in eighth place in npower League One and just three points off the play-offs.
Coventry and owners SISU find themselves in the High Court in London on Friday morning battling against the threat of an administration order, with the application having come from Arena Coventry Limited (ACL), who manage the Ricoh Arena on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council.
It is claimed the financially-stricken Sky Blues owe over £1.3million to ACL in unpaid rent stretching back a year, an ongoing row which has subsequently seen their bank accounts frozen, while earlier this month City were also placed under a transfer embargo having again failed to file their annual accounts on time.
Speaking on Thursday afternoon, Pressley said: "It's a concern, there's no doubt about it. My biggest concern is for the players and supporters because it's been 39 games of hard work and following the team. It's them who suffer the most. That's my biggest concern.
"I desperately hope that we find a solution and we can continue challenging for those potential play-off places.
"We can only wait until we hear the verdict and continue to prepare for Saturday's game in the hope we can still go on and gain promotion this year. The players and the supporters are the ones who really suffer out of this, that's why I'm desperate for some form of solution."
Asked if Coventry were to suffer a points deduction, Pressley added: "It becomes mission impossible in terms of promotion but it's certainly not `season over' in terms of games, we have a responsibility not just every day on the training pitch to apply ourselves but every matchday.
"There's always something to play for and certainly one of the things is pride - pride in this football club. So regardless of Friday, we'll continue to work hard and get results."
- Sports & Recreation
- Alan Edward Higgs Charity