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The sky is blue over Coventry (well, not today)

After some very difficult years, Coventry City are now in a more stable position, challenging for promotion and in the quarter finals of the FA Cup.  I well remember the boost winning the trophy gave to the city.  The now CBS stadium is the fitting venue it was always meant to be.

Coventry City have submitted their 2022/23 accounts, the first since the takeover by Doug King. Revenue  was up£2m but increased costs in Championship (perhaps including bonuses for getting to playoff) meant losses up to almost £8m before player profit sales and some technical items reduced this.

The Sky Blues bought players for £1.8m and had sales of £2.4m in the year. The club also spent similar amount on infrastructure assets.  Some of this evidently went on the Ryton training ground is evident every time I drive to my daughter’s house there.

Loans of over £26m were written off following takeover, replaced by loan of £6m from owner. Coventry have bought players for almost £9m since end of season.

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