Coventry City Development Officer Steve Waggott has said that the money from the Callium Wilson sale will be re-invested into the team.
There had been some accusations flying around that the money was going to used against the losses incurred for playing at Sixfields but Steve Waggott told the Coventry Telegraph's Andy Turner: “The fee received for Callum Wilson will undoubtedly help us to strengthen the squad and certainly helps under the Financial Fair Play salary-cap rules.
“It’s not a case of saying ‘we are going to spend the Callum money here or the Callum money there’, it all goes into the overall football budget for Steven to use accordingly.
“If he feels there is a player within that budget that can strengthen the squad that requires a transfer fee, then we will pursue that player.
"But it also means we have got more room for manoeuvre in the players we target who are out of contract or available on a free.
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“What’s vitally important is that we put together the best possible squad within the overall football budget and this deal certainly helps us to do that and, as Steven said last week, the way Callum went about things has helped from that point of view.
“We have brought five players in over the past week and we are, of course, looking to add several more as soon as we can.
“On top of all that, the money helps us in the medium term, too, because it means we can invest even further in areas such as scouting and development which, after all, is how we will develop the Callum Wilsons of the future – something Steven is very keen to see.
“The target, for me, is to give Steven his full complement of players if possible – and it’s a big ask – prior to going on the pre-season tour, because that’s vital for the team building with new players coming in,”