NOV 00] COVENTRY CITY NEWS
Sky Blues Run Up £30m Debt
City made a loss of £6.5 million last year, and now has debts
of more than £30 million.
club’s annual accounts, which run until the end of May, show
that the position has reversed from last year when a £1 million
profit was made.
have been the biggest pressure, with the bill rising to £14
million a year – four times what it was four years ago.
figures do not include the £12 million sale of Robbie Keane to
Inter Milan, nor the purchase of Craig Bellamy and David
chairman Bryan Richardson said the setback will not have an
impact on the plans for the new stadium.
stressed that the club has been ring-fenced from the Foleshill
development so it cannot be affected by the stadium. A separate
company has been set up to run the affairs of the new stadium.