He’s done a fantastic job,” King said, highlighting the scale of Coventry’s achievement in winning the Championship without the financial advantages of parachute payments. “It’s a huge achievement nobody can take away from him.”

He added that managerial movement in football is now constant and often unpredictable, describing it as a “merry-go-round” where speculation follows success.

Despite the rumours, King said Lampard appeared settled at Coventry and emotionally invested in the club’s progress.

You can see how emotionally connected he is with the city,” he said. “I think he’s found a happy place at the moment.”

However, he also accepted that strong performance naturally brings attention from bigger clubs. “It doesn’t mean there’s not going to be interest in the summer,. “He’s shown his credentials as a high-quality head coach,” he said.

Coventry are now preparing for life in the Premier League and have begun planning their recruitment strategy. King stressed that the club would not simply rely on heavy spending to compete at the top level, insisting that smart recruitment and value for money would be central to their approach.

“People spend money very badly at times,” he said. “We will look for value. Don’t associate success just with how much money you spend.”

Coventry’s return to the Premier League marks the start of a new challenge for the club, which last played in the top flight in the 2000-01 season. King said the squad and staff are embracing the opportunity, while acknowledging the difficulty of the task ahead.

Asked about the prospects of avoiding relegation in their first top-flight season since 2000-01, King said: “It’s taken a long time to get there. Obviously, we have beaten two teams who will join us so we have only got to beat one more, if we can beat them again next year, right? If you put it like that.

I’m embracing it, the team’s embracing it, it’s exciting, it’s a challenge. We had a challenge to get out of the Championship and we’ve spectacularly achieved that and now the next one is to challenge ourselves to see what we can do in the top league.

King said simply throwing “zillions” at signing new players was not the way to approach the Premier League, adding: “People spend money very badly at times, I would say what we do is we look for value.

“A very expensive footballer might still be valuable, there are a lot of footballers who are very expensive but who are not valuable.

“We will do what we’ve got to do, but don’t associate staying in the league and being very successful just with how much money you throw out of the door, I think that would be a mistake.”