19th Oct, 2017

Ricoh deadline looms for Sky Blues

Coventry Editorial 6th Nov, 2014 Updated: 28th Oct, 2016

SATURDAY’S deadline is looming for Coventry City to table a bid for joint ownership of the Ricoh Arena company with rugby club Wasps.

The Observer revealed last week the club was in detailed discussions over finalising a bid for the 50 per cent share in Arena Coventry Limited owned by the Alan Edward Higgs Charity, for which Wasps are believed to have offered £2.77m.

As the Observer went to press it was believed a CCFC bid had still not been tabled and discussions continued with lawyers and the liquidator.

Joy Seppala, of the club’s hedge fund lenders Sisu/Arvo, told the Observer last week the intention was to make a “conditional” bid – while she insisted the club would press on with “medium-term” plans for a new stadium in the local area.

The Sky Blues’ future remains uncertain as the owners insist it cannot continue as Ricoh tenants, and must maximise commercial revenue from a stadium to be sustainable.

Business Directory

From plumbers, to restaurants, we can provide you with all the info you need.


We can provide all of your printing needs at competitive rates.

Property Finder 24/7

Search for properties in Worcestershire, Warwickshire and the West Midlands.

Reader Offers

Check out all of the latest reader offers to get your hands on some free gifts.