SKY Blues boss Steven Pressley has revealed he has no transfer budget to work with in the upcoming January window.
The likeable Scot had hoped to bring in fresh faces next month in a bid to turn the club’s fortunes around.
But speaking after Sunday’s 0-0 draw with Chesterfield at the Ricoh Arena, Pressley admitted he will have to ‘wheel and deal’ with free transfers and more loan signings.
He told the club’s official website: “I’m operating with no degree of finance so a big part of that is developing our own.
“Against Doncaster it was disappointing, but we had an 18-year old, two 19 year-olds, a 20 year-old and a 22 year-old and that was youngest side in League One.
“Make no mistake it is a hugely challenging job and I couldn’t have picked a more challenging job. But I love it! I have a great vision for this club.
“Jimmy Hill is an idol at this club but if you look back at the period of his first few years, they were challenging years, it wasn’t a clear journey all the way.
“Coventry City are a massive football club and we will improve, I’m very confident in what we can achieve here and I’m proud to be manager of this football club.”
The Sky Blues ended a hugely disappointing 2014 with a 0-0 stalemate at home to play-off hopefuls Chesterfield.
Pressley’s side had the better of the chances with Gary Madine striking the post from a free kick and Arron Martin forced a fine save out of Tommy Lee in the visitor’s goal.
“In terms of performance it was worthy of a winning performance,” Pressley added.
“We were excellent and in control of the game, all the aspects that I continually talk about I thought were very good.
“The Doncaster game was disappointing, we didn’t show enough creativity that day but we’ve got much more control of the game in recent weeks and that was on show again.
“We have to definitely score more goals there is no doubt, but we created a lot today and as long as we continue to play football in that manner results will come.
“I was really pleased with our all-round performance, on another day we would have won that game.”