COVENTRY City have posted a pre-tax loss of £21.6million for the 2024/25 season, according to the club’s published accounts.
The Sky Blues increased turnover by almost £5million to just over £34million owing to improved gate receipts, broadcast revenue and commercial income.
The club’s run to the play-off semi-finals saw match receipts alone increase by almost £2.5million.
However, operating expenses increased by £5.6million to around £32million through what the club described as “continued investment in the playing squad”.
Expenses also increased due to the compensation costs involved in sacking former boss Mark Robins and appointing Frank Lampard as his successor.
Profit from player sales decreased by £20million to just over £3million compared to the previous financial year.
Coventry also said “significant external investment” alongside “reinvesting the funds generated from the high-profile sales of the 23/24 season” have enabled the club to build meaningful “squad value”.
The club also believe the estimated current transfer market value of the squad vastly exceeds the figure stated on the balance sheet.
The club filed accounts for the year ended May 31, 2025.
Coventry owner and executive chairman, Doug King said: “As I highlighted in last year’s accounts release, the operating position (EBITDA number) remains significant and longer term unsustainable.
“Having said that, the club has desperately needed this three-year period (since takeover in January 2023) of inward investment and owner support to rebuild key-infrastructure, squad value and revenues.
“The club could and would never have been competitively sustainable if this had not been done. As is evident for all, Coventry City was languishing well below its potential and had been for a long time.
“Moving forward with the newly-acquired arena now as an asset, the goal of our club is to significantly reduce the annual operating loss from the 26/27 season onwards whilst remaining competitive at the top end of the Championship and reaching our goal of a play-off berth three times in every five years.
“Whilst the Championship remains grossly distorted by the Premier League parachute payment scheme, this is the only realistic target.
“Coventry has built strong foundations over the last three years. It is the best supported club in the Championship, and its revenue growth will continue to meaningfully increase to sustain the competitiveness of the club despite the unlevel playing field of our current league.
“No one said it was easy but with the continued support of all our great fans and commercial partners, I remain bullish for our future.”
To view Coventry’s accounts in full, as published on Companies House, click HERE
