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Model updated: 23 Aug 2026
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Coventry City

2026/27 spending-room estimate

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Quick answer

PSRwatch estimates Coventry City's 2026/27 squad-cost ratio at 55% of football income - below the 85% Green Threshold. That leaves roughly £103m of annual squad-cost room before the 115% Red Threshold. Model updated: 23 Aug 2026 · Accounts data refreshed: 21 Jun 2026. These are independent PSRwatch estimates, not official Premier League calculations.

Use this page to answer: “How much can Coventry City spend?” · “How close are Coventry City to a points deduction?” · “What is Coventry City's squad-cost ratio?”

Room to the Red Threshold

Room to Red Threshold
£103m

Annual squad-cost room before the 115% Red Threshold - the primary line where sporting-sanction (points) risk starts.

Squad-cost ratio
55% of 115%

The 115% Red Threshold is the primary sporting-sanction line. The 85% Green Threshold is the secondary levy / allowance line.

Room to Green Threshold
£52m

Room before the 85% Green Threshold, above which a levy / allowance charge (not a points deduction) applies to overspend.

Estimated squad cost
£94m

Accounts wage bill (all staff), annual transfer-fee costs and other squad-cost items.

What this means for Coventry City

They are below the 85% Green Threshold, so no levy or sporting sanction applies on current estimates.

Confirmed transfers this summer have reduced remaining room by about £33m (+19.6 percentage points).

The old-PSR model is still worth watching in the 2023/24-2025/26 closeout window.

How Coventry City compare

Compare with another club →
Room to the Red Threshold
£103m
7th of 20 Premier League clubs
League median £71m
Squad-cost ratio
55%
2nd of 20 Premier League clubs
League median 93%
Football income
£172m
19th of 20 Premier League clubs
League median £261m

Ranked on PSRwatch's own 2026/27 estimates, not official league figures.

Why this club is in this position

2026/27 · Premier League Squad Cost Ratio - a PSRwatch model, not an official league finding.

The numbers behind it
Football income£172m
Squad cost£94m
- of which wages£75m
- of which amortisation£16m
Player trading contribution£0m
Room to Green Threshold (85%)+£52m
Room to Red Threshold (115%)+£103m
What creates the pressure
  • High wage bill - £75m a year is 79% of squad cost
What improves the position
  • A sale would improve headroom - sale profit counts in the model straight away
  • Higher football income adds room - every £1m of income covers more squad cost
  • Lower wages (departures or expiring deals) reduce squad cost fastest
And under Old PSR (2023/242025/26, the older loss-based rule)
  • Three-year losses - £9m of adjusted losses in the 2023/24–2025/26 window
  • No eligible owner equity found in the filings, so the £15m baseline allowance applies
  • A player sale would improve the position - sale profit counts in full
Full figures (baseline, source-backed and max-funded scenario) are in the Old PSR result section below.

Where to go next

See Coventry City's financial forecast - the income statement, projected forward from filed accounts, with every figure traceable to its source.

Season view

ProjectionSquad-cost basis
Football income
£172m
Squad cost
£94m
Squad-cost ratio
55%
Room to Red Threshold
£103m
Below GreenCurrent PSRwatch view using public data.
2026/27 - Premier League squad-cost projection. This is the live view used across the rest of this page.
What does this mean?Forward-looking squad-cost estimate for 2026/27, built from public filings, reported transfer data, provider wage estimates and PSRwatch assumptions. Subject to transfer, wage, revenue and rule changes. These are unofficial PSRwatch estimates - final regulatory decisions sit with the leagues. Methodology

Transfer effect

This table translates confirmed transfer activity into spending-room impact. A transfer fee is normally spread across the player's contract as an annual transfer-fee cost. Wages, signing fees, agent fees, loans and sales then change the live squad-cost position.

Player / itemMoveFrom / ToFeeContractAnnual transfer-fee costBook profit/lossRatio movement
Aurèle AmendaInEintracht Frankfurt£15m4 yrs£4m£0m+3.9pp
Caleb YirenkyiInFC Nordsjaelland£23m4 yrs£6m£0m+5.4pp
Carl RushworthInBrighton & Hove Albion£22m4 yrs£6m£0m+5.0pp
Frank OnyekaInBrentford FC£6m4 yrs£2m£0m+2.2pp
Gustavo HamerInSheffield United£6m4 yrs£2m£0m+2.2pp
Jahnoah MarkeloOutShabab Al-Ahli ClubUndisclosedSale/no fee spread~£0m~£13m-2.2pp
Loum TchaounaInBurnley FC£19m4 yrs£5m£0m+5.1pp
Norman BassetteLoan outKVC Westerlo£0m1 yrs£0m£0m-2.0pp

~ Undisclosed fees use a PSRwatch modelling estimate to derive squad-cost figures. Undisclosed or estimated sale fees are not counted as real football income until reported or filed.

Football income

The squad-cost ratio depends on football income, so PSRwatch starts from the latest filed accounts and then estimates the 2026/27 income base.

Latest actual revenue
£34m

2024/25

Football income
£172m

£162m low / £182m high

Player trading
£0m

Reported sale fees only. £20m of undisclosed-fee estimates are excluded from income until reported or filed.

Latest actual revenue
£34m
Matchday forecast
£31m
Broadcasting forecast
£100m
Commercial forecast
£41m
UEFA forecast
£0m
Player trading contribution
£0m
Football income
£172m

Latest filed revenue baseline: 2024/25.

Central forecast starts from the committed club forecast and splits football income using a league-typical modelled mix (about 18% matchday / 47% broadcasting in the Premier League) - the club's own filed mix will be used once its accounts disclose one.

Premier League participation is included in the broadcasting and commercial mix.

No UEFA revenue is included unless the club is flagged for Europe.

Low/high range is a deterministic +/-6% sensitivity around central football income.

Broadcasting income lifted to the Premier League floor of GBP 100m (was below it), adding about GBP 36m.

Squad-cost breakdown

Squad cost combines the club's accounts wage bill (all staff - a conservative stand-in for the League's player-and-coach definition), annual transfer-fee costs and estimated agent, signing, loan and bonus costs, compared with football income to give the squad-cost ratio estimate.

Squad wage bill (accounts, all staff)
£75m

From the club's filed accounts: total staff costs including non-playing staff, bonuses and employer NI. The League's squad-cost test counts player and head-coach pay, so this numerator errs conservative.

Annual transfer-fee cost
£16m
Agent, signing, loan and bonus costs
£4m
Other squad-related costs
£0m
Squad cost
£94m
Football income
£172m
Squad Cost Ratio
54.9%
85% capacity (levy starts)
£146m
115% capacity (points deduction starts)
£198m
Room before the levy threshold
£52m
Room before a points deduction
£103m

Other rule frameworks

Coventry City are also measured against the older Profitability & Sustainability rules and, where they qualify, UEFA's squad-cost rule. Neither is the live Premier League rule for 2026/27 squad-building.

Old PSR result

£6m roomBaseline allowance2023/242025/26

No eligible owner funding is verified for this window, so PSRwatch uses the £15m baseline allowance - never an assumed maximum. Old PSR is the older three-year loss framework; it is no longer the live rule for 2026/27 squad-building. This is a public-data model, not an official league finding.

View detailed calculation
3-year adjusted result
(£9m)

2023/24, 2024/25, 2025/26

Baseline allowance
£15m

GBP 5m per known PL/EFL season.

Verified eligible funding available
£0m

Total verified equity in the window - can exceed the amount the cap lets the model apply.

Eligible funding applied
£0m

Capped at £24m above the baseline.

Baseline result
£6m

Room on the baseline allowance only.

Source-backed funded result
unavailable

Baseline + verified owner equity. Unavailable without verified funding.

Max-funded scenario
£30m

If fully owner-funded to £39m - a labelled scenario, never the headline without verified funding.

Leagues
EFL / EFL / EFL

League mix drives PL/EFL loss cap.

3-year adjusted result
(£9m)
Adjusted old PSR loss
£9m
Base loss allowance
£15m
Verified PSR-eligible equity
£0m
Equity cap
£24m
Equity applied to current loss
£0m
Headline allowable loss
£15m
Baseline room
£6m
Source-backed funded room
£6m
Max-funded scenario room
£30m
Old PSR headroom (headline)
£6m
Old PSR headroom as pct of allowance
37.2%

Owner funding note: Owner funding can affect financial resilience and, under the old PSR framework, support permitted losses. It does not automatically create new squad-cost room under the revenue-linked SCR model. Old PSR allows higher losses only where secure funding/equity is evidenced; owner and shareholder loans are excluded unless validly converted to eligible equity. Before undisclosed/private adjustments.

UEFA rules

Not currently flagged for UEFA squad-cost rules.

UEFA status
Not flagged

Not currently flagged for UEFA rules.

UEFA ratio
N/A

No UEFA squad-cost calculation applied.

Player ledger

Player-level squad-cost model from contract, wage and player-registration cost data.

Per-player wages are gross fixed salaries from public sources, or a labelled estimate where no salary is published. This table is a DECOMPOSITION: the squad-cost estimate above stays anchored to the club's own filed accounts, and the difference is shown below rather than hidden.

Reconciliation to the accounts: players listed here account for £24m of the £75m wage bill, leaving £51m unallocated (bonuses, employer NI, coaching and non-playing staff), and £28m of the £16m player-registration amortisation - £11m MORE than the club's filed charge, because contracts signed since that year end amortise above it. The club totals come from the accounts; this table never replaces them.
PlayerPositionContract endCapitalised costWage estimateAnnual transfer-fee costAnnual squad cost
Carl RushworthGoalkeeperNot available£22m£1m-£1mest£4m£6m
Oliver DovinGoalkeeper2028-06-30£2m£0m£1m£1m
Ben WilsonGoalkeeper2027-06-30£0m£0m£0mapportioned£0m
Bobby ThomasCentre-Back2029-06-30£0m£0m£0mapportioned£0m
Liam KitchingCentre-Back2027-06-30£0m£1m£0mapportioned£1m
Aurèle AmendaCentre-BackNot available£15m£1m-£1mest£3m£4m
Joel LatibeaudiereCentre-Back2027-06-30£0m£0m£0mapportioned£0m
Luke WoolfendenCentre-Back2028-06-30£4m£1m£2m£3m
Jay DasilvaLeft-Back2027-06-30£0m£1m£0mapportioned£1m
Miguel Ángel BrauLeft-Back2029-06-30£0m£0m£0mfree/loan£0m
Jake BidwellLeft-Back2027-06-30£0m£1m£0mapportioned£1m
Milan van EwijkRight-Back2027-06-30£0m£1m£0mapportioned£1m
Kaine Kesler-HaydenRight-Back2029-06-30£3m£1m£1m£2m
Matt GrimesDefensive Midfield2028-06-30£4m£1m£2m£3m
Caleb YirenkyiCentral MidfieldNot available£23m£1m-£1mest£5m£6m
Victor TorpCentral Midfield2027-06-30£0m£1m£0mapportioned£1m
Gustavo HamerCentral MidfieldNot available£6m£1m-£1mest£1m£2m
Josh EcclesCentral Midfield2028-06-30£0m£0m£0mapportioned£0m
Frank OnyekaCentral Midfield2030-06-30£6m£1m-£1mest£1m£3m
Kai AndrewsCentral Midfield2027-06-30£0m£0m£0mapportioned£0m
Ephron Mason-ClarkLeft Midfield2028-06-30£0m£1m£0mapportioned£1m
Jack RudoniAttacking Midfield2028-06-30£5m£1m£2m£3m
Raphael Borges RodriguesLeft Winger2028-06-30£0m£0m£0mapportioned£0m
Loum TchaounaRight Winger2031-06-30£20m£1m-£1mest£4m£5m
Tatsuhiro SakamotoRight Winger2027-06-30£0m£0m£0mapportioned£0m
Haji WrightCentre-Forward2027-06-30£0m£1m£0mapportioned£1m
Brandon Thomas-AsanteCentre-Forward2028-06-30£3m£1m£1m£2m
Ellis SimmsCentre-Forward2027-06-30£0m£1m£0mapportioned£1m
Norman BassetteSEN2027-06-30£0m£1m-£1mest£0m£1m

Methodology and sources

Premier League SCR is estimated as squad costs divided by football income. Spending between 85% and 115% of football income attracts a financial levy on the overspend; crossing 115% brings a fixed 6-point deduction plus 1 further point per GBP 6.5m spent beyond the 115% capacity.

Squad costs use the club's accounts wage bill (all staff - conservative vs the League's player-and-coach definition), annual transfer-fee cost, and estimated agent, signing, loan and bonus costs.

Transfer fees are spread across contract life. Sales compare proceeds with remaining book value to estimate book profit or loss.

Revenue forecasts start from the latest filed accounts and committed club forecast, then split 2026/27 football income into matchday, broadcasting, commercial, UEFA and player-trading lines.

Old PSR is retained only as a 2023/24-2025/26 closeout layer. Owner funding can support the old loss allowance when available and capped, but it does not create new SCR revenue capacity.

Each public snapshot is generated from PSRwatch-owned JSON files after validation, with the last good snapshot kept if an upstream refresh fails.

Coventry City latest accounts extract (2024/25) - Accounts values are parsed from Companies House filings where available, then normalised into the committed full dataset.

PSRwatch 2026/27 squad-cost forecast - Forecast uses committed income, wage, annual transfer-fee cost and transfer assumptions with deterministic rule calculations.

Spotted something wrong for Coventry City? Report an issue.

Glossary

Squad Cost Ratio
Squad costs divided by football income.
Football income
Forecast matchday, broadcasting, commercial, UEFA and relevant player-trading income used as the SCR denominator.
Room before limit
Annual squad-cost capacity before the 85% levy threshold is reached.
Levy threshold (85%)
Spending beyond 85% of football income attracts a financial levy (fine) on the overspend, up to the 115% buffer.
Red zone / points threshold (115%)
Crossing 115% of football income brings a fixed 6-point deduction, plus 1 further point per GBP 6.5m spent beyond the 115% capacity.
UEFA rules
Separate squad-cost pressure for clubs in European competition, shown against a 70% threshold.
Old PSR
The old three-year loss-based regime, retained as a closeout layer for 2023/24-2025/26.
Owner equity / secure funding
Funding that can support old PSR loss allowance when available and capped, but does not automatically add SCR capacity.
Annual transfer-fee cost
Capitalised transfer cost spread across the player's contract.
Book value
Unamortised capitalised player cost remaining on the balance sheet.
Book profit/loss
Sale proceeds less remaining book value and sale costs.
Academy sale
Sale of a club-developed player, often carrying low book value and high book profit.
Free transfer
A transfer with no fee, though wages, signing fee and agent fee can still affect squad cost.
Loan fee
Temporary fee or wage contribution linked to a loan move.
Transfer effect
Change in annual squad-cost room caused by transfer activity.
Spendable capacity
Annual squad-cost room converted into a football-language estimate, not a recommendation or exact budget.

What changed

Coventry City's financial model was last published on 21 August 2026. 59 published revisions on record.

No figures changed in the latest rebuild - the published position is unchanged.

Financial forecast

Financial model built from filed accounts, sourced facts and labelled assumptions, with a forward income-statement forecast. Expand any line to see where the number comes from.

Model completeness 76%Forecast confidence lowReadiness Tier BReconciliation partial - cash flow not verifiedModel platform-v1.1
Revenue 2028/29F
£121.9m
Staff costs
£34.0m
Player amortisation
£27.6m
Pre-tax result
£48.6m
Squad-cost ratio
-
2020/21AFiled accounts2021/22AFiled accounts2022/23AFiled accounts2023/24AFiled accounts2024/25AFiled accounts2025/26EPSRwatch estimate2026/27FPSRwatch forecast2027/28FPSRwatch forecast2028/29FPSRwatch forecast
What moves revenue from 2024/25A to 2028/29F
  • Matchday+£0.0m
  • Media & competition distributions+£87.7m
  • Commercial+£0.0m

Calculated from the model itself - the same numbers as the statement lines below, not separately maintained copy.

Income statement
Line (£m)2020/21A2021/22A2022/23A2023/24A2024/25A2025/26E2026/27F2027/28F2028/29F
Total revenue
Where this number comes from (2028/29F)
CalculationTotal revenue£121.9m
= matchday + media + commercial
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
FactStadium capacity 2028/29: 32609 seats (official, high)32,609 seats
AssumptionAttendance utilisation 92.9%92.9%
Assumption19 home league matches19 matches
Assumption1 home domestic cup ties1 matches
Assumption0 home European ties0 matches
AssumptionMatchday yield £20.14/attendee20.14 GBP
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
AssumptionPL central distributions £99.9m (guaranteed equal share only)£99.9m
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
EventNo European competition 2028/29 (assumed)£0.0m
CalculationNot modelled for 2028/29: no evidenced domestic cup prize money
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
ContractHummel (kit-manufacturer) - value not reliably reported, excluded from sum
ContractCoventry Building Society (stadium-naming) - value not reliably reported, excluded from sum
ContractLegends Global (with Umbel Restaurant Group / Simon Rogan for premium dining) (other-partner) - value not reliably reported, excluded from sum
AssumptionCommercial base beyond registered deals £9.76m£9.8m
£11.8m£18.1m£20.4m£29.3m£34.1m£36.6m£121.9m£121.9m£121.9m
Matchday revenue
Where this number comes from (2028/29F)
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
FactStadium capacity 2028/29: 32609 seats (official, high)32,609 seats
AssumptionAttendance utilisation 92.9%92.9%
Assumption19 home league matches19 matches
Assumption1 home domestic cup ties1 matches
Assumption0 home European ties0 matches
AssumptionMatchday yield £20.14/attendee20.14 GBP
Sources: Companies House (audited statutory accounts) · Coventry Building Society Arena (venue official site) · Wikipedia
£0.3m£4.3m£7.2m£10.0m£12.2m£14.6m£12.2m£12.2m£12.2m
Media / broadcasting revenue
Where this number comes from (2028/29F)
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
AssumptionPL central distributions £99.9m (guaranteed equal share only)£99.9m
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
EventNo European competition 2028/29 (assumed)£0.0m
CalculationNot modelled for 2028/29: no evidenced domestic cup prize money
£8.9m£8.8m£9.0m£10.1m£12.2m£12.2m£99.9m£99.9m£99.9m
Premier League distributions
Where this number comes from (2028/29F)
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
AssumptionPL central distributions £99.9m (guaranteed equal share only)£99.9m
- - - - - £0.0m£99.9m£99.9m£99.9m
UEFA distributions
Where this number comes from (2028/29F)
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
EventNo European competition 2028/29 (assumed)£0.0m
Sources: Wikipedia
- - - - - £0.0m£0.0m£0.0m£0.0m
Commercial revenue
Where this number comes from (2028/29F)
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
ContractHummel (kit-manufacturer) - value not reliably reported, excluded from sum
ContractCoventry Building Society (stadium-naming) - value not reliably reported, excluded from sum
ContractLegends Global (with Umbel Restaurant Group / Simon Rogan for premium dining) (other-partner) - value not reliably reported, excluded from sum
AssumptionCommercial base beyond registered deals £9.76m£9.8m
Sources: Companies House (audited statutory accounts) · Footy Headlines · Wikipedia, citing Coventry Telegraph and ITV News (5 May 2021) · MONDO Stadia
£2.7m£5.0m£4.2m£9.1m£9.8m£9.8m£9.8m£9.8m£9.8m
Other revenue
Where this number comes from (2028/29F)
AssumptionOther revenue £0.12m£0.1m
Sources: Companies House (audited statutory accounts)
£0.6m£0.1m - - - £0.1m£0.1m£0.1m£0.1m
Total staff costs
Where this number comes from (2028/29F)
CalculationTotal staff costs (raised to the squad-evidence floor)£34.0m
= the last filed staff cost cannot support the salaries this club's current squad is published on, so the floor built from those salaries applies instead
AssumptionStaff costs (squad-evidence floor) £33.99m£34.0m
AssumptionStaff costs £26.48m£26.5m
Sources: Companies House (audited statutory accounts)
£13.2m£15.7m£18.5m£23.4m£26.5m£26.5m£34.0m£34.0m£34.0m
Other operating costs
Where this number comes from (2028/29F)
CalculationOther operating costs (raised to the Premier League floor)£21.4m
= the last filed year is a lower-division run-rate at 15.1% of revenue; no established Premier League club operates below 17.6%, which is the floor applied here
AssumptionOther operating costs £18.39m£18.4m
AssumptionOther operating costs (Premier League floor, share of revenue) £0.176m0.176 ratio
Sources: Companies House (audited statutory accounts)
- £5.4m£6.9m£12.5m£18.4m£18.4m£21.4m£21.4m£21.4m
EBITDA
Where this number comes from (2028/29F)
CalculationEBITDA£66.4m
= revenue − staff costs − other operating costs
CalculationTotal revenue£121.9m
= matchday + media + commercial
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
FactStadium capacity 2028/29: 32609 seats (official, high)32,609 seats
AssumptionAttendance utilisation 92.9%92.9%
Assumption19 home league matches19 matches
Assumption1 home domestic cup ties1 matches
Assumption0 home European ties0 matches
AssumptionMatchday yield £20.14/attendee20.14 GBP
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
AssumptionPL central distributions £99.9m (guaranteed equal share only)£99.9m
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
EventNo European competition 2028/29 (assumed)£0.0m
CalculationNot modelled for 2028/29: no evidenced domestic cup prize money
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
ContractHummel (kit-manufacturer) - value not reliably reported, excluded from sum
ContractCoventry Building Society (stadium-naming) - value not reliably reported, excluded from sum
ContractLegends Global (with Umbel Restaurant Group / Simon Rogan for premium dining) (other-partner) - value not reliably reported, excluded from sum
AssumptionCommercial base beyond registered deals £9.76m£9.8m
CalculationTotal staff costs (raised to the squad-evidence floor)£34.0m
= the last filed staff cost cannot support the salaries this club's current squad is published on, so the floor built from those salaries applies instead
AssumptionStaff costs (squad-evidence floor) £33.99m£34.0m
AssumptionStaff costs £26.48m£26.5m
CalculationOther operating costs (raised to the Premier League floor)£21.4m
= the last filed year is a lower-division run-rate at 15.1% of revenue; no established Premier League club operates below 17.6%, which is the floor applied here
AssumptionOther operating costs £18.39m£18.4m
AssumptionOther operating costs (Premier League floor, share of revenue) £0.176m0.176 ratio
- -£2.8m-£5.0m-£6.6m-£10.7m-£8.3m£66.4m£66.4m£66.4m
Player registration amortisation
Where this number comes from (2028/29F)
CalculationPlayer registration amortisation (raised to the contracted floor)£27.6m
= reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings
AssumptionPlayer amortisation (contracted floor) £27.64m£27.6m
CalculationPlayer registration amortisation£14.1m
= held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off
AssumptionPlayer amortisation £14.06m£14.1m
Sources: Companies House (audited statutory accounts)
- £2.8m£2.9m£8.3m£14.1m£14.1m£27.6m£27.6m£27.6m
Player registration impairment
Where this number comes from (2028/29F)
CalculationPlayer registration impairment£0.0m
= no impairment assumed: impairments follow specific squad events (a player written down after injury or exclusion) and are not forecastable from public data. Any impairment would reduce the result below this base case
- - - - - £0.0m£0.0m£0.0m£0.0m
Operating profit/(loss)
Where this number comes from (2028/29F)
CalculationOperating profit/(loss) excluding player trading£38.8m
= EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice
CalculationEBITDA£66.4m
= revenue − staff costs − other operating costs
CalculationTotal revenue£121.9m
= matchday + media + commercial
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
FactStadium capacity 2028/29: 32609 seats (official, high)32,609 seats
AssumptionAttendance utilisation 92.9%92.9%
Assumption19 home league matches19 matches
Assumption1 home domestic cup ties1 matches
Assumption0 home European ties0 matches
AssumptionMatchday yield £20.14/attendee20.14 GBP
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
AssumptionPL central distributions £99.9m (guaranteed equal share only)£99.9m
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
EventNo European competition 2028/29 (assumed)£0.0m
CalculationNot modelled for 2028/29: no evidenced domestic cup prize money
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
ContractHummel (kit-manufacturer) - value not reliably reported, excluded from sum
ContractCoventry Building Society (stadium-naming) - value not reliably reported, excluded from sum
ContractLegends Global (with Umbel Restaurant Group / Simon Rogan for premium dining) (other-partner) - value not reliably reported, excluded from sum
AssumptionCommercial base beyond registered deals £9.76m£9.8m
CalculationTotal staff costs (raised to the squad-evidence floor)£34.0m
= the last filed staff cost cannot support the salaries this club's current squad is published on, so the floor built from those salaries applies instead
AssumptionStaff costs (squad-evidence floor) £33.99m£34.0m
AssumptionStaff costs £26.48m£26.5m
CalculationOther operating costs (raised to the Premier League floor)£21.4m
= the last filed year is a lower-division run-rate at 15.1% of revenue; no established Premier League club operates below 17.6%, which is the floor applied here
AssumptionOther operating costs £18.39m£18.4m
AssumptionOther operating costs (Premier League floor, share of revenue) £0.176m0.176 ratio
CalculationPlayer registration amortisation (raised to the contracted floor)£27.6m
= reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings
AssumptionPlayer amortisation (contracted floor) £27.64m£27.6m
CalculationPlayer registration amortisation£14.1m
= held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off
AssumptionPlayer amortisation £14.06m£14.1m
-£4.4m-£5.6m-£7.9m-£15.0m-£24.8m-£22.3m£38.8m£38.8m£38.8m
Profit on disposal of player registrations
Where this number comes from (2028/29F)
CalculationProfit on disposal of registrations£9.7m
= known transactions (subledger) + baseline assumption for windows that have not yet happened
CalculationKnown disposals (subledger: fee − NBV per player)£0.0m
= guaranteed fee − net book value at disposal, per player
AssumptionBaseline disposal profit £9.73m£9.7m
Sources: Companies House (audited statutory accounts)
£1.9m£0.5m£2.4m£23.7m£3.1m£9.7m£9.7m£9.7m£9.7m
Finance income
Where this number comes from (2028/29F)
AssumptionFinance income £0.05m£0.1m
Sources: Companies House (audited statutory accounts)
£0.0m£0.0m£0.0m£0.0m£0.1m£0.1m£0.1m£0.1m£0.1m
Finance costs
Where this number comes from (2028/29F)
CalculationFinance costs£0.0m
= interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period)
CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m
= per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule
CalculationNot modelled for fy2029: no evidenced net finance costs
- - - - - £0.0m£0.0m£0.0m£0.0m
Profit/(loss) before tax
Where this number comes from (2028/29F)
CalculationProfit/(loss) before tax£48.6m
= operating profit + player disposal profit + finance income − finance costs
CalculationOperating profit/(loss) excluding player trading£38.8m
= EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice
CalculationEBITDA£66.4m
= revenue − staff costs − other operating costs
CalculationTotal revenue£121.9m
= matchday + media + commercial
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
FactStadium capacity 2028/29: 32609 seats (official, high)32,609 seats
AssumptionAttendance utilisation 92.9%92.9%
Assumption19 home league matches19 matches
Assumption1 home domestic cup ties1 matches
Assumption0 home European ties0 matches
AssumptionMatchday yield £20.14/attendee20.14 GBP
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
AssumptionPL central distributions £99.9m (guaranteed equal share only)£99.9m
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
EventNo European competition 2028/29 (assumed)£0.0m
CalculationNot modelled for 2028/29: no evidenced domestic cup prize money
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
ContractHummel (kit-manufacturer) - value not reliably reported, excluded from sum
ContractCoventry Building Society (stadium-naming) - value not reliably reported, excluded from sum
ContractLegends Global (with Umbel Restaurant Group / Simon Rogan for premium dining) (other-partner) - value not reliably reported, excluded from sum
AssumptionCommercial base beyond registered deals £9.76m£9.8m
CalculationTotal staff costs (raised to the squad-evidence floor)£34.0m
= the last filed staff cost cannot support the salaries this club's current squad is published on, so the floor built from those salaries applies instead
AssumptionStaff costs (squad-evidence floor) £33.99m£34.0m
AssumptionStaff costs £26.48m£26.5m
CalculationOther operating costs (raised to the Premier League floor)£21.4m
= the last filed year is a lower-division run-rate at 15.1% of revenue; no established Premier League club operates below 17.6%, which is the floor applied here
AssumptionOther operating costs £18.39m£18.4m
AssumptionOther operating costs (Premier League floor, share of revenue) £0.176m0.176 ratio
CalculationPlayer registration amortisation (raised to the contracted floor)£27.6m
= reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings
AssumptionPlayer amortisation (contracted floor) £27.64m£27.6m
CalculationPlayer registration amortisation£14.1m
= held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off
AssumptionPlayer amortisation £14.06m£14.1m
CalculationProfit on disposal of registrations£9.7m
= known transactions (subledger) + baseline assumption for windows that have not yet happened
CalculationKnown disposals (subledger: fee − NBV per player)£0.0m
= guaranteed fee − net book value at disposal, per player
AssumptionBaseline disposal profit £9.73m£9.7m
AssumptionFinance income £0.05m£0.1m
CalculationFinance costs£0.0m
= interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period)
CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m
= per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule
CalculationNot modelled for fy2029: no evidenced net finance costs
-£4.7m-£7.0m-£4.9m£8.7m-£21.6m-£12.6m£48.6m£48.6m£48.6m
Tax charge/(credit)
Where this number comes from (2028/29F)
CalculationTax charge/(credit)£12.1m
= PBT £48.56m × 25% charge rate; filed profit-year effective rates ran higher (46-67% on small profits) as deferred-tax assets unwound
CalculationProfit/(loss) before tax£48.6m
= operating profit + player disposal profit + finance income − finance costs
CalculationOperating profit/(loss) excluding player trading£38.8m
= EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice
CalculationEBITDA£66.4m
= revenue − staff costs − other operating costs
CalculationTotal revenue£121.9m
= matchday + media + commercial
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
FactStadium capacity 2028/29: 32609 seats (official, high)32,609 seats
AssumptionAttendance utilisation 92.9%92.9%
Assumption19 home league matches19 matches
Assumption1 home domestic cup ties1 matches
Assumption0 home European ties0 matches
AssumptionMatchday yield £20.14/attendee20.14 GBP
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
CalculationNot modelled for 2028/29: no evidenced domestic cup prize money
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
ContractHummel (kit-manufacturer) - value not reliably reported, excluded from sum
ContractCoventry Building Society (stadium-naming) - value not reliably reported, excluded from sum
ContractLegends Global (with Umbel Restaurant Group / Simon Rogan for premium dining) (other-partner) - value not reliably reported, excluded from sum
AssumptionCommercial base beyond registered deals £9.76m£9.8m
CalculationTotal staff costs (raised to the squad-evidence floor)£34.0m
= the last filed staff cost cannot support the salaries this club's current squad is published on, so the floor built from those salaries applies instead
AssumptionStaff costs (squad-evidence floor) £33.99m£34.0m
AssumptionStaff costs £26.48m£26.5m
CalculationOther operating costs (raised to the Premier League floor)£21.4m
= the last filed year is a lower-division run-rate at 15.1% of revenue; no established Premier League club operates below 17.6%, which is the floor applied here
AssumptionOther operating costs £18.39m£18.4m
AssumptionOther operating costs (Premier League floor, share of revenue) £0.176m0.176 ratio
CalculationPlayer registration amortisation (raised to the contracted floor)£27.6m
= reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings
AssumptionPlayer amortisation (contracted floor) £27.64m£27.6m
CalculationPlayer registration amortisation£14.1m
= held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off
AssumptionPlayer amortisation £14.06m£14.1m
CalculationProfit on disposal of registrations£9.7m
= known transactions (subledger) + baseline assumption for windows that have not yet happened
CalculationKnown disposals (subledger: fee − NBV per player)£0.0m
= guaranteed fee − net book value at disposal, per player
AssumptionBaseline disposal profit £9.73m£9.7m
AssumptionFinance income £0.05m£0.1m
CalculationFinance costs£0.0m
= interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period)
CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m
= per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule
CalculationNot modelled for fy2029: no evidenced net finance costs
AssumptionEffective tax rate 25%25%
£0.0m-£0.3m-£0.2m£0.0m-£0.3m-£2.8m£12.1m£12.1m£12.1m
Profit/(loss) for the year
Where this number comes from (2028/29F)
CalculationProfit/(loss) for the year£36.4m
= PBT − tax
CalculationProfit/(loss) before tax£48.6m
= operating profit + player disposal profit + finance income − finance costs
CalculationOperating profit/(loss) excluding player trading£38.8m
= EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice
CalculationEBITDA£66.4m
= revenue − staff costs − other operating costs
CalculationTotal revenue£121.9m
= matchday + media + commercial
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
FactStadium capacity 2028/29: 32609 seats (official, high)32,609 seats
AssumptionAttendance utilisation 92.9%92.9%
Assumption19 home league matches19 matches
Assumption1 home domestic cup ties1 matches
Assumption0 home European ties0 matches
AssumptionMatchday yield £20.14/attendee20.14 GBP
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationPremier League central distribution£99.9m
= pl_total 2028/29 resolved directly: 99.9
CalculationUEFA distribution 2028/29: zero - club not in European competition£0.0m
= no European participation ⇒ no UEFA distribution
CalculationNot modelled for 2028/29: no evidenced domestic cup prize money
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
ContractHummel (kit-manufacturer) - value not reliably reported, excluded from sum
ContractCoventry Building Society (stadium-naming) - value not reliably reported, excluded from sum
ContractLegends Global (with Umbel Restaurant Group / Simon Rogan for premium dining) (other-partner) - value not reliably reported, excluded from sum
AssumptionCommercial base beyond registered deals £9.76m£9.8m
CalculationTotal staff costs (raised to the squad-evidence floor)£34.0m
= the last filed staff cost cannot support the salaries this club's current squad is published on, so the floor built from those salaries applies instead
AssumptionStaff costs (squad-evidence floor) £33.99m£34.0m
AssumptionStaff costs £26.48m£26.5m
CalculationOther operating costs (raised to the Premier League floor)£21.4m
= the last filed year is a lower-division run-rate at 15.1% of revenue; no established Premier League club operates below 17.6%, which is the floor applied here
AssumptionOther operating costs £18.39m£18.4m
AssumptionOther operating costs (Premier League floor, share of revenue) £0.176m0.176 ratio
CalculationPlayer registration amortisation (raised to the contracted floor)£27.6m
= reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings
AssumptionPlayer amortisation (contracted floor) £27.64m£27.6m
CalculationPlayer registration amortisation£14.1m
= held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off
AssumptionPlayer amortisation £14.06m£14.1m
CalculationProfit on disposal of registrations£9.7m
= known transactions (subledger) + baseline assumption for windows that have not yet happened
CalculationKnown disposals (subledger: fee − NBV per player)£0.0m
= guaranteed fee − net book value at disposal, per player
AssumptionBaseline disposal profit £9.73m£9.7m
AssumptionFinance income £0.05m£0.1m
CalculationFinance costs£0.0m
= interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period)
CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m
= per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule
CalculationNot modelled for fy2029: no evidenced net finance costs
CalculationTax charge/(credit)£12.1m
= PBT £48.56m × 25% charge rate; filed profit-year effective rates ran higher (46-67% on small profits) as deferred-tax assets unwound
CalculationProfit/(loss) before tax£48.6m
= operating profit + player disposal profit + finance income − finance costs
CalculationOperating profit/(loss) excluding player trading£38.8m
= EBITDA − player amortisation; this filer does not disclose depreciation separately, so it already sits inside other operating costs and is not deducted twice
CalculationEBITDA£66.4m
= revenue − staff costs − other operating costs
CalculationTotal revenue£121.9m
= matchday + media + commercial
CalculationMatchday revenue 2028/29£12.2m
= (32609 seats × 92.9% utilisation) × (19 league + 1 domestic cup + 0 European home games) × £20.14 per attendee ÷ 1,000,000
CalculationMedia / broadcasting revenue£99.9m
= domestic league central distribution + UEFA distributions + domestic cup prize money
CalculationCommercial revenue fy2029: 0 contracted deals + other commercial base (3 active deal(s) with unreported value excluded)£9.8m
= Σ guaranteed annual values of 0 active deals (£0.0m) + other commercial base £9.8m
CalculationTotal staff costs (raised to the squad-evidence floor)£34.0m
= the last filed staff cost cannot support the salaries this club's current squad is published on, so the floor built from those salaries applies instead
AssumptionStaff costs (squad-evidence floor) £33.99m£34.0m
AssumptionStaff costs £26.48m£26.5m
CalculationOther operating costs (raised to the Premier League floor)£21.4m
= the last filed year is a lower-division run-rate at 15.1% of revenue; no established Premier League club operates below 17.6%, which is the floor applied here
AssumptionOther operating costs £18.39m£18.4m
AssumptionOther operating costs (Premier League floor, share of revenue) £0.176m0.176 ratio
CalculationPlayer registration amortisation (raised to the contracted floor)£27.6m
= reported transfer fees for the current squad, each over its own contract; the filed charge predates these signings
AssumptionPlayer amortisation (contracted floor) £27.64m£27.6m
CalculationPlayer registration amortisation£14.1m
= held at the club's own last filed amortisation charge: the player subledger holds no registrations for this period and there is no filed NBV anchor to run residual cohorts off
AssumptionPlayer amortisation £14.06m£14.1m
CalculationProfit on disposal of registrations£9.7m
= known transactions (subledger) + baseline assumption for windows that have not yet happened
CalculationKnown disposals (subledger: fee − NBV per player)£0.0m
= guaranteed fee − net book value at disposal, per player
AssumptionBaseline disposal profit £9.73m£9.7m
AssumptionFinance income £0.05m£0.1m
CalculationFinance costs£0.0m
= interest on debt instruments + other finance charges + interest on opening revolver draws (in-year draws accrue from the following period)
CalculationFinancing fy2029: interest £0.0m, closing debt £0.0m£0.0m
= per instrument: interest = avg(opening, closing) × rate; closing debt = Σ balances after drawdowns, repayments and schedule
CalculationNot modelled for fy2029: no evidenced net finance costs
AssumptionEffective tax rate 25%25%
-£4.7m-£6.7m-£4.7m£8.7m-£21.3m-£9.8m£36.4m£36.4m£36.4m
Reconciliation status
Audited periods reconcile against the filed accounts: 30 checks reconciled, none unreconciled. Estimates and forecasts are labelled and carry confidence levels - lines marked ◦ are PSRwatch analytical splits, not audited categories.
Source register (15)

Every fact, event and agreement in this model cites at least one of these records. Tier 1 = official (filings, club, league, UEFA); Tier 2 = reliable press; Tier 3 = specialist databases, always labelled and never treated as audited figures.

COVENTRY CITY FOOTBALL CLUB LIMITED (formerly Otium Entertainment Group Limited) - annual report and financial statements, period ended 2022-05-31Companies House (audited statutory accounts) · tier1
COVENTRY CITY FOOTBALL CLUB LIMITED - annual report and financial statements, period ended 2023-05-31Companies House (audited statutory accounts) · tier1
COVENTRY CITY FOOTBALL CLUB LIMITED - annual report and financial statements, period ended 2024-05-31Companies House (audited statutory accounts) · tier1
COVENTRY CITY FOOTBALL CLUB LIMITED - annual report and financial statements, period ended 2025-05-31Companies House (audited statutory accounts) · tier1
Coventry City Football Club Limited, annual report and financial statements for the year ended 31 May 2025 - broadcasting and media revenue GBP 12.19mCompanies House (club's own filed accounts) · tier2
PSRwatch is independent. Figures are unofficial estimates from public filings, transfer data and PSRwatch modelling. They are not endorsed by the Premier League, EFL, UEFA or any club.