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Football League dilutes financial fair play regulations

The Football League has substantially diluted its financial fair play regulations.  According to some estimates, clubs will now be able to make losses of £15m-£17m a year, compared with a previously agreed figure of £5m, plus £3m in the form of equity.

Ricoh sold to Wasps

Coventry City Council have unanimously approved the sale of the operating company of the Ricoh Arena, Arena Coventry Limited, to Wasps rugby club.   The council will retain the freehold, but the rugby club will have a 250 year lease.

Ricoh decision day

Coventry councillors were locked in talks late last night over whether the Ricoh Arena, home of Coventry City, should be sold to Wasps rugby club.   A vote of the full council is scheduled for a meeting starting at  2 p.m. today.

If the Labour group agrees on the sale then they can easily out vote the Conservative opposition on the council.   Some councillors have been asking for a free vote, but this is unlikely to happen.

Is Ricoh deal being rushed through?

Coventry City councillors are expected to be asked to vote next week on a deal for a consortium led by rugby club Wasps to take over the Ricoh Arena, home of the Sky Blues.   However, opposition is growing within the controlling Labour group.   There are concerns that the deal is being rushed through without the consequences for the football club being thought through.

Rugby club seeks control of Sky Blues home

Rugby club Wasps are in talks to secure a controlling stake in the Ricoh Arena, a move that would have serious implications for Coventry City.   Wasps aim to make the Ricoh their permanent home.

Coventry coming home - but the fight isn't over

Sky Blues can celebrate the return of their team to Coventry with a match against Gillingham at the Ricoh Arena.   Top football journalist David Conn reviews the sorry history of this saga.    He also suggests that the fight isn't over as owners Sisu still want to build their own ground in the city.

Can Dean's blessing lift Ricoh curse?

The Dean of Coventry Cathedral, the Very Reverend John Witcombe, played a crucial role in the talks that led to Coventry City returning to the Ricoh Arena.   This was consistent with Coventry Cathedrals's tradition of activism in reconciliation which started with work with Germany after the Second World War.

Back to the Ricoh

The Coventry Evening Telegraph has done a great job in covering the exile of the Sky Blues from the city. They have provided extensive, in depth coverage today and it can be found here.

As a Charlton fan I know what it's like to be exiled from your own ground as the result of the machinations of owners.   I am very pleased to see the Sky Blues back where they belong.  I enjoyed the Olympic matches at the Ricoh and I will try to get to a game some time.

Coventry are coming home

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?

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.