Coventry City: Championship leaders post losses of £21m for the financial year ending May 2025

Championship leaders Coventry City have posted a pre-tax loss of £21.6m for the 2024-25 financial year.

Turnover increased by nearly £5m to just over £34m, boosted by increases in match receipts, broadcast revenue and commercial income as the club reached the semi-finals of the play-offs.

However, operating expenses grew by £5.6m to about £32m because of “continued investment in the playing squad”, and the compensation costs of sacking Mark Robins in November 2024 and the hiring of Frank Lampard, which the club described as “exceptional”.

Profit from player sales decreased by £20m to just over £3m on the previous financial year, in which Viktor Gyokeres and Gustavo Hamer joined Sporting Lisbon and Sheffield United respectively.

The club said “significant external investment” along with reinvesting the Gyokeres and Hamer fees have enabled them to build a “meaningful squad value” whose estimated current market transfer value “vastly exceeds that which is held on the club’s balance sheet”.

The figures, external are in contrast to the club’s £8.7m profit from 2023-24, the first full campaign following Doug King’s takeover.