Fresh Coventry City £15m share issue ‘investment’ explained amid transfer kitty hint

As sports financial expert Kieran Maguire outlines a fresh £15 million share issuance at the football club, CoventryLive provides Coventry City news.

According to a top football financial specialist, Coventry City’s apparent £15 million cash infusion is a “positive sign” for the team this summer.

According to documents filed with Companies House, on May 22 of last month, Coventry City’s parent company, COVCITYCO LTD, issued £15 million worth of new shares.

The nation’s leading football financial specialist, Kieran Maguire of Liverpool University, told CoventryLive what it means for the Sky Blues: “It appears that a new investment of £15 million has been made in the club. It might be from Doug King directly, or it might indicate that he has located a new partial investor. We’re not sure.

“However, it might be new funds to be utilized for summertime bill payments, the transfer kitty, and other expenses.”

Read more at: https://www.sportupdates.co.uk