Joe Cole insisted he is not interested in Coventry’s money and joined the Sky Blues because he is desperate to play again.
The ex-England midfielder made a shock loan move to the Ricoh Arena from Aston Villa on Friday.
He is expected to make his Coventry debut in their League One game at Rochdale on Tuesday.
Villa are subsidising most of Cole’s wages during his 35-day spell and the 33-year-old said money is not an issue.
He said: “If I was coming here for the money I wouldn’t be here. I’ve been playing in an era where we are very lucky and we appreciate that as footballers.
“Most of us come from council estates and working class. You have an opportunity to lead a good life and finances are not going to be a problem for me. That wasn’t an issue for me coming here.”
Ex-Chelsea and West Ham star Cole has played just once for Villa this season and has made just three league starts in 16 appearances since joining on a two-year deal in 2014.