COVENTRY City’s new majority owner, Doug King, has put securing the club’s long-term future at the Coventry Building Society Arena at the top of his priority list.
King’s purchase of the club was ratified by the EFL last week as he took a controlling 85 per cent stake from former owners SISU who have retained 15 per cent.
And after the Sky Blues initially came to an agreement with CBS Arena owners Frasers Group to play at the ground until the end of the season, King hopes to resolve City’s long term future at the stadium.
King said: “The agreement is only until the end of this season, so it’s at the top of my list.
“The interim arrangement was sensible because when there’s change all round, you’re better having an interim agreement and letting the parties get to know each other.
“We certainly have had some very loose conversations with them and I’m feeling positive with the way forward.
“Frasers group got the stadium and they’re an absolutely professional outfit. They’re moving their business in a very positive way.
“They’re in a big development stage and I’m very positive with the outlook for the situation.”
The January transfer window is in full swing with Coventry having already added Brooke Norton-Cuffy and Josh Wilson-Esbrand to their squad on loan deals.
And King insists the club must take the right approach to transfers if Coventry wish to return to the top flight.
King added: “I’m going to run things properly. I’m not here to just throw money around. Money doesn’t necessarily get you where you want to go and there are examples of that.
“We need to secure our talent, increase the quality of the squad, and make sure we’re up towards the upper ends of the Championship and knocking on the door.
“We want to get through that door and that’s the game plan. To get to where we want to get to, if you keep selling your best players, you’re probably going to fail.
“If a player wants to leave and doesn’t want to be at our club, what can you do? I want to make them want to be here, I want them to get to where they want to at this club and make them see that can happen.
“It’s early, so I can’t prove much at this point, but they will get a feeling over the next six months about what we’re doing.”
