Annual accounts published (29 Viewers)

[junglej13]

https://www.ccfc.co.uk/news/2026/february/27/coventry-city-football-club-limited-file-accounts-for-the-year-ended-31st-may-2025/

 

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[We'll_live_and_die]

This day is never the same without OSB telling us what it means.

 

[chiefdave]

Must have been some big payouts to sack Robins and his coaching team. Says operating loss increased by £3.5m and that is mainly due to 'a restructure within the Football Department carried out in November 2024'

 

[CV3_PUSB]

Page 33 says £1.8m for football management compensation. Assume this includes Adi and backroom staff.

 

[Grendel]

Must have been some big payouts to sack Robins and his coaching team. Says operating loss increased by £3.5m and that is mainly due to 'a restructure within the Football Department carried out in November 2024'

Well it was clearly a cost - which seems around £2m - worth paying

 

[Grendel]

All it really says is that we lost more money as we continued to fund players post the sale of Gyokeres and Hamer and that we have far more asset value than stated down to the amortisation calcs

 

[robbiethemole]

Looks to my untrained eye we lost about £10 m that year, well inside the ffp figures of £13 m per year ( to give figures of £39m over 3 years)
I wonder how the Stadium buy out will fit into next years figures?
And if we go up, how will that money affect it all? Exciting times ahead!

 

[Sky Blue Pete]

Big loss isn’t it
Amazing the increase in income

 

[fernandopartridge]

You really cannot give King enough credit for the transformation of the club commercially. Yes, there is still a loss there but it is quite small compared with other clubs of a similar size, and realistically necessary to compete.

The revenue growth from when he took over is something in the region of 70%, for a club playing in the same league as it was that is tremendous.

 

[Sky Blue Pete]

You really cannot give King enough credit for the transformation of the club commercially. Yes, there is still a loss there but it is quite small compared with other clubs of a similar size, and realistically necessary to compete.

The revenue growth from when he took over is something in the region of 70%, for a club playing in the same league as it was that is tremendous.

That’s spectacular

 

[robbiethemole]

I wish OSB58 was here to explain tho

 

[Torquay Sky Blue]

I wish OSB58 was here to explain tho

Yes, he'd always put it in terms that us thick fuckers would understand.

 

[fernandopartridge]

Big loss isn’t it
Amazing the increase in income

£7m loss when discounting an exceptional item, not brilliant but significantly better than peer clubs including Hull, Norwich and Middlesbrough amongst others.

 

[chiefdave]

Big loss isn’t it
Amazing the increase in income

Does seem to suggest that a decent chunk of that is sorting the club out after years of zero investment.

Hopefully we'll have PL money next season but it sounds like even if we don't there's a feeling that level of losses can't and won't continue.

 

[quinn1971]

I wish OSB58 was here to explain tho

There’s some very interesting takes on Facebook, didn’t realise we had so many qualified accountants

 

[robbiethemole]

Does seem to suggest that a decent chunk of that is sorting the club out after years of zero investment.

Hopefully we'll have PL money next season but it sounds like even if we don't there's a feeling that level of losses can't and won't continue.

I wonder if having all the revenue will make a bigger difference now? Maybe a few gigs and using the conference centre, most days seems to be something on there, must bump up the figures. Probably won’t show until this season figures are released

 

[fernandopartridge]

King has put £50m in now as well

 

[SHUNT31]

Current squad to 31/5/25 have spent £55.5m on transfer fees. This does include agent fees etc but that’s significant investment.

Additions is interesting at £18.9m. Aside from Grimes and Binks I can’t recall us spending money on anyone else during that period.

The loss of £9.3m is the operating loss but does not include fees spent on transfers. As said, £18.9m spent on fees although we made a profit of £3.1m on sale of players.

So in real terms the loss is £9.3m plus £15.8m = £25.1m although from a cash flow perspective fees will be payable in instalments. The balance sheet shows we owe £9.5m in unpaid transfer fees but are owed £8.7m from other clubs.

DK, through the other companies has now invested £49.75m, likely even more now given the share issue to another one of his companies this year.

 

[fernandopartridge]

Wage bill for last season was £26.4m, of the clubs that have published accounts so far, it is lower than:

Cardiff £39m
Boro £36m
QPR £27.5m
Derby £31.5m
Bristol City £35.9m
Norwich £48.1m
Hull £29.6m

 

[SHUNT31]

Wage bill for last season was £26.4m, of the clubs that have published accounts so far, it is lower than:

Cardiff £39m
Boro £36m
QPR £27.5m
Derby £31.5m
Bristol City £35.9m
Norwich £48.1m
Hull £29.6m

Madness how we are so competitive with a wage bill significantly lower.

 

[fernandopartridge]

Current squad to 31/5/25 have spent £55.5m on transfer fees. This does include agent fees etc but that’s significant investment.

Additions is interesting at £18.9m. Aside from Grimes and Binks I can’t recall us spending money on anyone else during that period.

The loss of £9.3m is the operating loss but does not include fees spent on transfers. As said, £18.9m spent on fees although we made a profit of £3.1m on sale of players.

So in real terms the loss is £9.3m plus £15.8m = £25.1m although from a cash flow perspective fees will be payable in instalments. The balance sheet shows we owe £9.5m in unpaid transfer fees but are owed £8.7m from other clubs.

DK, through the other companies has now invested £49.75m, likely even more now given the share issue to another one of his companies this year.,

Rudoni would be in that accounting period I think, signed June 2024. Also included would be BTA, Bassette and Dovin so the figure sounds about right.

 

[Danceswithhorses]

Looking forward to Crawleyskyblue's analaysis

 

[SkyBluePower]

Did I read it right that rent for the CBS went from £1.4m to £1.9m in the final year of our rent from Frasers. The tension over the short term rent deal makes sense.

 

[Sky Blue Pete]

I wonder if having all the revenue will make a bigger difference now? Maybe a few gigs and using the conference centre, most days seems to be something on there, must bump up the figures. Probably won’t show until this season figures are released

The two businesses are separate for now to see what is happening
It’s a fact the arena hasn’t ever made a profit though

 

[Sky Blue Pete]

Wage bill for last season was £26.4m, of the clubs that have published accounts so far, it is lower than:

Cardiff £39m
Boro £36m
QPR £27.5m
Derby £31.5m
Bristol City £35.9m
Norwich £48.1m
Hull £29.6m

Wow Lampard working miracles then

 

[SkyBluePower]

Madness how we are so competitive with a wage bill significantly lower.

How the fuck was Derbys £31.5M with the squad they had last season???

 

[quinn1971]

king can’t really lose now can he, if he finds a way to make money from the arena he’s quids in if he can’t he’ll have hopefully a premier club with its own ground, they’ll be queuing up to buy us, personally hope he sticks with us, we’re in good hands

 

[fernandopartridge]

How the fuck was Derbys £31.5M with the squad they had last season???

Never mind them, what about Cardiff?

 

[chiefdave]

Kings £50m is before the stadium purchase isn’t it. He must have more money than we thought.

Wonder how tempted he’ll be to cash out if we get promoted.

 

[CrawleySkyBlue]

Looking forward to Crawleyskyblue's analaysis

Have had a quick glance, will give a detailed response over the weekend. There’s not much in these set of accounts in all honesty, pretty bland set of football club accounts. Revenue up, wages up, reduced player sales, increased amortisation (due to increased player purchases) = bigger loss this year. Loss funded by an increased loan from the parent co (which is interest free).

Reminder this is to May-25 only and we are still waiting for Covcityco Ltd (parent company) accounts. These will be filed on companies house imminently i’d expect.

 

[Brighton Sky Blue]

Kings £50m is before the stadium purchase isn’t it. He must have more money than we thought.

Wonder how tempted he’ll be to cash out if we get promoted.

I expect very, the club will be at its maximum value this summer assuming promotion followed by immediate relegation.

 

[SHUNT31]

Rudoni would be in that accounting period I think, signed June 2024. Also included would be BTA, Bassette and Dovin so the figure sounds about right.

Yes, of course! I don’t know why I thought we had such a quiet summer that year.

 

[clint van damme]

I expect very, the club will be at its maximum value this summer assuming promotion followed by immediate relegation.

If his aim is maximising profits rolling the dice on us staying up would be a big gamble.
We've been on an upward trajectory for nearly a decade, going to be difficult to keep it going.

 

[Sky Blue Pete]

Kings £50m is before the stadium purchase isn’t it. He must have more money than we thought.

Wonder how tempted he’ll be to cash out if we get promoted.

Think he has investors

 

[SHUNT31]

Kings £50m is before the stadium purchase isn’t it. He must have more money than we thought.

Wonder how tempted he’ll be to cash out if we get promoted.

Most of that £50m spent on the arena will be mortgaged.