Taking the opportunity ask the executive chairman about transfers ahead of the final week of the summer window and whether new revenue streams from the purchase of the stadium will help fund quality on the pitch in the future, he told CoventryLive: “It’s interesting you say the business that we’re going to make from the stadium and then transfers for millions of pounds of players. I mean, the reality is, right, if you’re going to invest in players it has to be externally funded today – just for the record – because we don’t make a profit.
“So it (transfers) isn’t coming out of the business and whether I’ve got the Arena or not, we don’t make a profit. So it has to be externally funded.
“So look, I’ve externally funded quite a lot of activity, as you will know, and obviously we sold some players, some great players who’ve gone on to come back into the
Premier League. But the reality is it’s all externally funded and it’s building an asset base, a player base that if they can’t get us somewhere, we will enhance their careers and we will get some recompense and we go again.”
He added: “As a business model, that’s the only business model I can think of, so the reality is as we look forward next week we’re always looking for quality and talent to just add the finishing touches.