The owner of Coventry City has said he is not concerned by speculation linking head coach Frank Lampard with a possible return to Chelsea, insisting the club remains focused on its long-term plans following promotion to the Premier League.

Coventry chairman Doug King said supporters should not be distracted by “what may or may not happen” amid growing reports that Chelsea could consider Lampard for a third spell in charge at Stamford Bridge following the departure of Liam Rosenior.

Lampard has enjoyed a successful spell at Coventry, guiding the club to the Championship title and securing promotion back to the top flight for the first time in more than two decades. The achievement capped an impressive first full season in charge after he was appointed in November 2024.

Speaking to BBC Sport on Thursday, King praised Lampard’s impact at the club but acknowledged that success inevitably attracts outside interest.

“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 performances naturally attract 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 ahead.

“It’s taken a long time to get there. Obviously, we have beaten two teams who will join us, so we’ve only got to beat one more if we can beat them again next year,” he said. “I’m embracing it, the team’s embracing it, it’s exciting, it’s a challenge.”