Interest Cuts Help Sky Blues

Last updated : 11 October 2005 By Covsupport
Coventry City's financial situation has improved following two cuts in interest rates.

The first comes from the Co-Op Bank who have dropped the interest rate they are charging the club from three to two per cent.

The second has seen major shareholder and Acting Chairman Geoffrey Robinson halve the interest on personal loans made by him to 1.5%.

Robinson said to the CET: "This has given us a bit of breathing space. "We are working extremely hard in looking to get new capital for the club and are looking for people who care about the club and the game in general to put money into the club."