Stadiums – Page 16 – Football Economy

Coventry are coming home

August 21, 2014 by WG

A statement confirming Coventry City have agreed a deal to return to the Ricoh Arena after more than a year of playing their football in Northampton is expected later this morning, reports the Coventry Evening Telegraph.

A deal for a return has been signed after terms were agreed following secret talks between lawyers acting for club owners Sisu and Ricoh Arena operators ACL. The finer details of the deal are yet to be announced, but sources suggest the club could now return to Coventry by September.

#bringCityhome a step closer?

August 15, 2014 by WG

Coventry City’s owners Sisu have complied with the instructions of the Football League and paid £471,192 in outstanding rent and other costs for the Ricoh Arena to its operators Arena Coventry Limited (ACL). ACL had said that they would not engage in negotiations with Sisu until the money was paid.

Good news for Nuneaton fans

August 7, 2014 by WG

In 2008 Nuneaton Borough folded. The replacement club, Nuneaton Town, still referred as to ‘Boro’ by fans, was demoted two divisions. They have fought their way back to the Conference and have had some good news for the start of the season.

Sky Blues prepared to discuss Ricoh return

July 14, 2014 by WG

Coventry City have said that they are prepared to discuss a return to the Ricoh Arena on an interim basis. However, Arena Coventry Limited (ACL), the operators of the stadium, have said that Sisu, Coventry’s owners, must drop their appeal against the recent legal judgment which went against them.

League to rule on Ricoh rent

July 12, 2014 by WG

As the #bringCityhome campaign gains momemum on Twitter, the Football League has said that it will rule on the dispute between Arena Coventry Limited, the operators of the Ricoh Arena, and Coventry City owners Sisu in relation to outstanding rent on the club’s use of the stadium.

Beckham seeks new stadium site

July 4, 2014 by WG

David Beckham’s acquisition of the MLS Franchise for Miami has been far from plain sailing with continuing difficulties in finding a site for a stadium. The first location at PortMiami was opposed by a cruise company and waterfront trade unions. An alternative was opposed by local politicians.

Football League dips a toe in the water at Coventry

July 3, 2014 by WG

The Football League has issued a brief statement on the outcome of the judicial review involving Sisu. Its significance lies in the fact that it has said anything, rather than its content.

Of course, the dispute is a complicated and hostile one as the League points out. Nevertheless, it is the one organisation that has the capacity to knock heads together.

Sisu lose state aid case

July 1, 2014 by WG

Coventry City’s owners, Sisu, have lost their judicial review case which claimed that the City Council’s loan to the Ricoh Arena constituted illegal state aid under European Union rules. Sisu have stated that they will seek leave to appeal.

The City Council’s case was that once Sisu ceased to make its rent payments it had to make a loan to Arena Coventry Limited (ACL), the operators of the Ricoh, to protect its investment. It argued that the judicial review formed part of a campaign to ‘distress’ ACL and acquire control of the Ricoh for Sisu.

Glimmer of hope for Sky Blues

June 25, 2014 by WG

A non-executive director of Coventry City has said that he is prepared to consider the offer from the Keep Coventry in Coventry group to pay the rent on the Ricoh Arena for three years so that the club could play there rather than in Northampton. This would enable a longer-term solution to be found to the bitter dispute.

Sky Blues court case starts today

June 10, 2014 by WG

A three day judicial review case between Sisu, the owners of Coventry City, and Coventry City Council starts in Birmingham today. Sisu claim that the Council has breached state aid rules in relation to the Ricoh Arena. For fans much of the interest will be in the evidence that comes out in open court.