Sky Blues owners bring new legal action
Coventry City's owners, Sisu, have brought a new legal action against Coventry City Council over the sale of the Ricoh Arena. On this occasion they are objecting to the sale of the Council's 50 per cent share in the Ricoh's operating company, ACL, to Wasps Rugby Club.
The earlier judicial review was brought on the basis that the Council was in breach of state aid regulations in relation to a loan it had made to ACL, but the City Council won the case. It was, however, a protracted affair.
With Coventry facing relegation to League Two, and only eighteen months left on its tenancy agreement at the Ricoh, Sky Blues fans are fearful for the future of the one time Premiership club. Wasps are attracting far bigger crowds to the Ricoh. Many City fans have voted with their feet, whlle others have run a campaign of protests.
The club is not for sale, but even if it was, it might not attract many buyers. It has few assets apart from its training ground and no certain future in terms of somewhere to play. Sisu have talked of building a new stadium elsewhere in the area, but this has come to nothing.