dongonzalos
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Sky Blues boss admits he won't have an increased budget but says he will have space to sign players
Steven Pressley
Steven Pressley is confident that Coventry City owners Sisu will allow him to field a competitive side next season despite yesterday’s revelation that the club made a £7million loss in 2012-13.
But the Sky Blues boss believes that English football is heading for a financial catastrophe because of the unsustainable spending spree at the top level of the game.
Pressley, who had to slash his wage bill from £4.5m to £2m last summer, confirmed: “The budget will not be moving in a northerly direction, no, but I will have space to bring in players that I feel are suited to taking this club forward.
“We’ve got losses but they’re been covered by the owner. The club is in a good financial position in terms that there’s been no concern about players or staff being paid or bills being met. That’s never been a concern or a worry at this football club.”
Speaking about the bigger picture, Pressley added: “I look around and see clubs posting losses of £65m and £90m and I fear for the game.
“There needs to be better management of our finances in this country. Not enough people are looking further down the line at the potential implications of the large spending just now.
“People are spending way beyond their means and if in three years time certain individuals turn their backs on these clubs they’re in big, big trouble.
“A manager should take a little bit of pride in his football club, like Arsene Wenger has done.”
Steven Pressley
Steven Pressley is confident that Coventry City owners Sisu will allow him to field a competitive side next season despite yesterday’s revelation that the club made a £7million loss in 2012-13.
But the Sky Blues boss believes that English football is heading for a financial catastrophe because of the unsustainable spending spree at the top level of the game.
Pressley, who had to slash his wage bill from £4.5m to £2m last summer, confirmed: “The budget will not be moving in a northerly direction, no, but I will have space to bring in players that I feel are suited to taking this club forward.
“We’ve got losses but they’re been covered by the owner. The club is in a good financial position in terms that there’s been no concern about players or staff being paid or bills being met. That’s never been a concern or a worry at this football club.”
Speaking about the bigger picture, Pressley added: “I look around and see clubs posting losses of £65m and £90m and I fear for the game.
“There needs to be better management of our finances in this country. Not enough people are looking further down the line at the potential implications of the large spending just now.
“People are spending way beyond their means and if in three years time certain individuals turn their backs on these clubs they’re in big, big trouble.
“A manager should take a little bit of pride in his football club, like Arsene Wenger has done.”