Ricoh Arena

Next Game

Coventry v Crawley

Saturday, 04 October 2014, 15:00

Sky Bet League 1

Ricoh Arena

Last Game

Coventry 0 - 2 Preston

Saturday, 27 September 2014, 15:00

Sky Bet League 1

American bids for Sky Blues

American multi-millionaire Preston Haskell IV has tabled a bid to buy Coventry as well as half the Ricoh Arena.

Last Updated: 16/05/13 at 16:19

Ricoh Arena: Has some interested  takers

Ricoh Arena: Has some interested takers

The property tycoon made public his strong interest in the financially-stricken club two months ago, with former City vice-chairman Gary Hoffman and suspended life president Joe Elliott at the forefront of the consortium.

The trio have very carefully been watching events unfold at Coventry and have made their move ahead of Thursday's eagerly-anticipated announcement by Paul Appleton, who is the joint-administrator for Coventry City Football Club Limited, into his findings.

The Sky Blues, under hedge fund owners Sisu, in March placed the non-operating subsidiary of the club into administration - insisting it was business as usual as Coventry City Football Club (Holdings), which they claimed holds the crucial 'golden shares' which provide membership to the Football League and FA, operates as normal.

However, the Football League ruled the shares do in fact still lie with CCFC Ltd, hence the midlands club's 10-point deduction which ended any hopes of securing a play-off place in League One. The location of the magic shares remains disputed but Appleton, crucially, is expected to clear that up in Thursday's report.

Elliott told the Coventry Telegraph: "We can confirm that we have now tabled an offer for Coventry City Football Club Limited (in administration) which assumes the Football League's 'golden share' is in that company.

"Everyone knows that the stadium and the football club need to be brought closer together. Therefore, we are also pleased to confirm that an offer has been made to acquire 50 per cent of Arena Coventry Limited (who manage the Ricoh Arena) and we will shortly enter the due diligence phase."

As it currently stands, the future of Coventry's home games remains up in the air.

Chief executive Tim Fisher claimed in a statement earlier this month that the club were looking for a new ground for next season having been "locked out" of the Ricoh Arena.

City remain at loggerheads with ACL, who manage the stadium on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council, over unpaid rent stretching back over 12 months.

Related News

Most Commented

Readers' Comments

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

Sky Bet Championship: Fulham thump Bolton, Huddersfield win at Wolves, Leeds held

Fulham thrashed Bolton 4-0 in the Championship, while Huddersfield won at Molineux to deny Wolves top spot.

Premier League: Sunderland boss Gus Poyet delighted Lee Cattermole stayed at club

Gus Poyet believes keeping Lee Cattermole was the best transfer decision he has made while at Sunderland.

Champions League: Liverpool out of sorts in 1-0 defeat at FC Basel

Liverpool paid the price for a disjointed performance as they fell to a 1-0 defeat to FC Basel in the Champions League.

Mail Box

It Was Better When City Were Rubbish

'I think I preferred it when we were s**t' says one City fan in the afternoon mailbox. There's a decent chat about the empty seats plus views on Liverpool and Roma...

Do City Really Need To Expand Their Stadium?

That's the question posed by one Man United fan in the mailbox after seeing the empty seats at the Etihad last night. Sadly, there isn't a single mail from a City supporter...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property