Forum | Coventry City - how can this be fair? by Dalenet

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Coventry City - how can this be fair? 21:37 - May 31 with 2365 views

https://www.coventrytelegraph.net/sport/football/football-news/coventry-city-acc

A little distraction from the financial challenges at Dale

Coventry City has announced a loss of £3.4m for the year ending last May. They had a turnover of £5.1m (a small fall due to covid and not getting full revenues from playing in Coventry). They invested heavily in the squad and spent £5.9m on players wages. They remain indebted to the owners to the tune of £22m.

So, a club that has been in administration in the past decade, and hasn't been able to pay their way at a home stadium, was able to make a loss equivalent to 65% of turnover as they gambled on higher squad costs to get promotion.

And the officials at the top of the game claim they are ensuring the financial rules are fair for all, for the integrity of the game. They will of course argue that it is okay if the owners keep guarantee the rising debt (for now). The deck of cards......

[Post edited 1 Jun 2021 10:18]

Coventry City - how can this be fair? on 10:09 - Jun 1 with 2023 views

BillyRudd

Question a referees competence and you are bringing the game into disrepute!
Live beyond your means and end up walking away from your victims with a derisory 20p in the £ settlement with practical impunity.
Even the Leagues own rules on clearing debt bring the game into disrepute. 100% for footballing debts. Everyone else? Well not really our problem.
Shameful.

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