"That's the aim but we are talking about a lot of money, but in the long run I think it will be the best thing to do and we are not ready to do it yet, I believe.
"It is going to take a lot of financing and I understand that.
"I understand that it is a business and sometimes I have to take a step back from it and wait a bit longer to get to where I want to be. "And if that's the case then that's the case.
"I can understand the fans wanting the club to spend but there is a bigger picture. "We don't own our stadium and have to pay to play in it.
"I understand the long-term future of the club is the most important and I did a lot of ducking and diving in the transfer market when I was at Fulham because I had to and I put a lot of money into the club and didn't see a lot of it back because there were certain things that needed doing.
"And if that happens at Coventry I have got to get on with it. "It is frustrating for me but I do understand the long-term future of this club is the most important.
"As the manager I want new players in and it is going to cost money and sometimes you have to be a bit patient."
Whether the long suffering City support will have the same patience is open to debate. Relying on the players they have in a squad which clearly needs to be strengthened and loans could prove to be a dangerous strategy.
In order to bring in bigger crowds to the Ricoh Arena, City need to constantly be playing well and in a very difficult division, this could be a tough ask for Chris Coleman and his side.