Coventry City made a profit of £700,000 in the year to May 2016, but there was an operational loss of £1.75m before player trading was taken into account. Turnover was up from £4.76m to £5.44m.
The club has debts of £44m, almost of which is owed to owners Sisu or companies controlled by them. The club is only a going concern if that debt is not called in, but the owners have no plans to do so.
Coventry City made a profit of £700,000 in the year to May 2016, but there was an operational loss of £1.75m before player trading was taken into account. Turnover was up from £4.76m to £5.44m.
The club has debts of £44m, almost of which is owed to owners Sisu or companies controlled by them. The club is only a going concern if that debt is not called in, but the owners have no plans to do so.