Coventry City CEO Tim Fisher has said that the Sky Blues do not have any debts.
In reply to a question raised by one of the club historians Lionel Bird, Mr Fisher said firstly that the AVRO debenture is a very normal practice and that there are no debts.
He said, whilst trying to keep in the bounds of business confidentuality, that the mortgage on the training ground had been paid as had the mortgage on the sales of season tickets.
Mr Fisher also admitted that losses were down to £250k per month from £600k.
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