The Court of Appeal has ruled against Sisu, the owners of Coventry City, in the latest round of their legal battle with Coventry City council. There could be an appeal to the European Court.
Sisu claimed that a loan made to Arena Coventry Limited, the operators of the Ricoh Arena, was not made on normal commercial terms and represented a breach of European Union state aid rules.
The Court of Appeal has ruled against Sisu, the owners of Coventry City, in the latest round of their legal battle with Coventry City council. There could be an appeal to the European Court.
Sisu claimed that a loan made to Arena Coventry Limited, the operators of the Ricoh Arena, was not made on normal commercial terms and represented a breach of European Union state aid rules.