Source: FOOTYMAD
We Continue To Look For Investment - Clouting
CEO on club debts Coventry City CEO Paul Clouting has said that the Sky Blues will continue to look for investment after their annual accounts showed monies owed being close to £40m. Mr Clouting described the accounts as 'nothing new' and told the CT: “We were open and transparent about the finances at both the press conference when the new board was first announced and then at a more recent public fans’ forum. “We didn’t want there to be any surprises in the accounts when fans first saw them published so we made the situation clear. "Football clubs in general are living beyond their means in the vast majority of cases and it is a situation that has to be addressed right across the game. "Here at Coventry City Football Club we have the full backing of Sisu. "The club has had that for more than three years and, with that funding on top of what we bring in commercially, we continue to operate and are very much looking forward to the new season. “We also leave no stone unturned in the search for new investment and have been heavily involved in negotiation with serious potential investors. "Again, that is something we have been totally honest and up front about in the past two to three months.”
