Coventry have completed the signing of Richard Wood from Sheffield Wednesday on loan until January with a view to a permanent transfer. Wood’s contract at Hillsborough expires at the end of the season and hes rejected a new deal.
The Championship side have admitted that they couldn’t accommodate Wood’s contract demands. They have now allowed Wood to move on to pastures new. Wood is expected to sign a three-year deal at the Midlands side in the New Year.
Coventry boss Chris Coleman told the clubs official website: “Richard has been a long-term target for the club and we are pleased to have him here. This is an area of the team that I have wanted to strengthen and this is a great addition to the squad in the short term and we will look to make it permanent in January.”
Wednesday boss Brian Laws has also revealed they will be satisfied to at least get a fee for Wood. Laws revealed: “The deal we have agreed with Coventry means that, while we could have commanded a greater fee if we had been given this position from Richard and his agent in the summer transfer window, we have secured some return for the club as opposed to the zero return we would have received when his contract runs out next summer.
“I will be able to utilise the freed up budget to strengthen our squad ahead of the busy schedule of festive fixtures.”
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