The Sky Blue Ledger

Coventry City’s finances, explained with actual numbers. PSR, transfer budgets, what we can really afford. Reads the accounts so you don’t have to. PUSB.

[The Sky Blue Ledger @SkyBlueLedger]

@yekaball Kaka

[The Sky Blue Ledger @SkyBlueLedger]

@MorganC000 You are a proper retard Morgan. Hilarious.

[The Sky Blue Ledger @SkyBlueLedger]

@SocialEngland66 @Ojbb_ Yeah, the Newcastle fans. In front of them. Muppet

[The Sky Blue Ledger @SkyBlueLedger]

@JackCun96 @TheSkyBlueHub Unbelievable arrogance and complacency. Newcastle fans are the new Spurs.

[The Sky Blue Ledger @SkyBlueLedger]

@NUFC__USA @JackCun96 @AmericanGeordi Dream on. The only Sky Blues you’ll finish above this season will by Man City with a points deduction

[The Sky Blue Ledger @SkyBlueLedger]

@henrywinter Do players gather more character and persistence when they succeed through this route? Rather than the silver spoon treatment at an elite academy.

[The Sky Blue Ledger @SkyBlueLedger]

@jhoburgh The 2nd side of ‘Closer’ is the best side of vinyl ever. Peerless.

[The Sky Blue Ledger @SkyBlueLedger]

@jhoburgh A
D
C, not their best album.
B

[The Sky Blue Ledger @SkyBlueLedger]

@utdzora Robbie Keane. V v easy

[The Sky Blue Ledger @SkyBlueLedger]

@vladyslav0x @HarryStebbings Paris?! Haha! Pull the other one Vlad!

[The Sky Blue Ledger @SkyBlueLedger]

@thinkfootballuk Yes. He’ll be player of the season

[The Sky Blue Ledger @SkyBlueLedger]

Doug King’s Big £50m decision, Feb 2027.

Buried in our ownership structure is a £50m owner loan, unsecured, interest-free. It matures mid-season, year one back in the PL.
No one can force repayment. King controls both ends. But he has to choose:
→ Roll it over = kick the can
→ Convert to equity = bullish. Permanent capital, open door for investors
→ Repay from PL cash back to Doug= £50m out of the war chest.

Doug is a smart operator, he’s already made his decision. But fans won’t find out until after the winter transfer window. The early sign is the size of the transfer budget between now and then.

[The Sky Blue Ledger @SkyBlueLedger]

@JimmyBurnsYT We’d have him back in a heartbeat, but only at the right price.

[The Sky Blue Ledger @SkyBlueLedger]

@signulll It’s America’s attention span that needs ‘fixing’

[The Sky Blue Ledger @SkyBlueLedger]

@vsrsus Shame he was at fault for the last goal.

[The Sky Blue Ledger @SkyBlueLedger]

@AtaqueFutbolero Meanwhile Cole Palmer blathers on about his exciting new branded Ice venture.

[The Sky Blue Ledger @SkyBlueLedger]

@TheCovReport The analysis demonstrates that making a few extra bucks from existing hospitality areas won’t buy you ‘premier league players’. Do the math; if 2000 seats pay an extra £1000 that’s £2m. Who you buying in the PL for £2m?

[The Sky Blue Ledger @SkyBlueLedger]

Why hammer loyal fans?

‘Hospitality’ at the CBS is mostly working people on local wages.

Coventry will bank £160m+ in the Premier League next season — around 5x last season’s entire revenue, including TV money and sharply increased commercial revenue streams. We estimate season ticket sales will represent ~8% of total revenue next season

Club Coventry: £900 → £2,400 (+167%)
Legends: £900 → £1,560 (+73%)

Fans in these areas are not being given an opportunity to downgrade to ‘normal’ season tickets.

This squeeze raises loose change and costs goodwill. Makes no sense and feels like a rare mistake by Doug King. #PUSB

[The Sky Blue Ledger @SkyBlueLedger]

£25m: the limit for Rushworth.

Brighton rejected Coventry’s club-record £20m bid and reportedly want more. But £25m is the ceiling — not a penny higher.

The Ledger estimates a summer budget of ~£50-70m. Absolute maximum spending power for;

-Centre forward: £30m
-Centre half: £20m
-Left back: £15m

That’s £65m of signings before a keeper and before other squad strengthening.

And don’t be surprised at a high profile departure or 2 to raise more funds.

The budget can’t stretch beyond £25m, however much the SBA love him.
#PUSB