Stead Loan Move Confirmed - Ipswich Town News
Coventry City have confirmed that striker Jon Stead has moved to the Ricoh Arena on loan until May with a view to a permanent move in the summer.
Sky Blues boss Chris Coleman said: "We've tried a couple of times to get Jon. He has all the attributes to be a very good player for Coventry City and we have worked really hard to get him here.
"We have agreed terms with Jon and it will initially be a loan deal but we will look to make it permanent in the summer because we would like Jon to be here long term.
"Hopefully it's further evidence of what we are trying to achieve and will be another exciting signing for our supporters."
The clubs have agreed a £500,000 fee, according to a report earlier today, although there is no confirmation that such an agreement is in place.
The 26-year-old, who joined the Blues from Sheffield United in the summer of 2008, is contracted to Town until June 2011.
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