Ricoh Arena

Next Game

Coventry v Port Vale

Saturday, 07 March 2015, 15:00

Sky Bet League 1

Oakwell Stadium

Last Game

Barnsley 1 - 0 Coventry

Tuesday, 03 March 2015, 19:45

Sky Bet League 1

Sky Blues hope to resolve row

Coventry remain committed to reaching an agreement with the management company behind the Ricoh Arena as their ongoing rent row rumbles on.

Last Updated: 16/02/13 at 08:01

Ricoh Arena: Row over rent rumbles on

Ricoh Arena: Row over rent rumbles on

Arena Coventry Limited (ACL), who manage the stadium on behalf of joint owners the Alan Edward Higgs Charity and Coventry City Council, announced on Thursday that talks with the League One club's owners Sisu had "collapsed".

A statutory demand for £1.1million in unpaid rent stretching back 10 months was issued to the Sky Blues in early December - a figure which now stands at more than £1.3million - and ACL chairman Nicholas Carter warned "now is the time for Sisu to pay up or sell up and get out of Coventry".

ACL also claimed Sky Blues directors had backtracked on a verbal agreement made between the two parties towards the end of January to primarily cut the £1.28million annual rent to £400,000, as well as waive more than £300,000 of the debt amid other details including a revised share of matchday revenue.

The feud was stepped up a notch yesterday as Coventry saw their bank accounts frozen by ACL, who have issued the club with interim Third Party Debt Orders in a bid to recoup the money owed to them.

In light of the latest developments, Coventry have made their first official comment.

A statement on the club's website read: "Despite the recent campaign by ACL to force the football club into a deal that would be completely disadvantageous, Coventry City Football Club remains committed to work through to the conclusion of a deal that is acceptable to both parties.

"This deal must take into consideration matchday revenues to support the need for a squad which is strong and competitive and yet still complies with Financial Fair Play and salary cap rules.

"Therefore, we again propose to invite a leading expert in football finance - such as Deloitte - to act as mediator and help drive through a deal which makes sense."

City, consigned to third-tier football for the first time in 48 years when they were relegated from the Championship last May, left their Highfield Road home in 2005 to take up residence at the 32,000-seater Ricoh Arena.

Related News

Most Commented

Readers' Comments

I

m not sure about this distance covered malarky, plus that stat comes with *since February attached to it, that's just 1 month. I mean I have 27 open cases I'm 'working on' at the moment but believe me others with 10 cases work harder than I do. I just got back from a pub lunch, scampi and chips (+4 pints) in case you were wondering.

hurler
Wenger defends Ozil

C

isse should have appealed and explained that it was just a retaliation, just like Matic did. Apparently the FA are ok with retaliation.

Triangler
Cisse accepts FA charge

L

ove this guy. He's one of the few surviving players that I remember so vividly from Football Italia and Gazetta on Saturday mornings and Sunday afternoons.

HarryBoulton
Francesco Totti - The King Of Rome

Footer 365

Ryan Giggs enjoys working with Louis van Gaal; plays down rift reports

Manchester United assistant manager Ryan Giggs has played down talk of a rift with Louis van Gaal and hailed their "great working relationship".

Mesut Ozil defended by Arsene Wenger after Paul Scholes criticism

Arsene Wenger claims Paul Scholes "would have loved to play with Mesut Ozil".

Football Association names Martin Glenn as its new chief executive

The Football Association has named Martin Glenn as its new chief executive.

Mail Box

Why All The Hate For Robin Van Persie?

One Mailboxer can't work out why everyone is having a pop at Robin van Persie. Plus FA Cup anticipation, changing relegation, a Friday song and more Totti love...

Is Sissoko's Neck Very Distinctive?

Moussa Sissoko features in a really quite bizarre Distinctive Physical Features XI while we have mails on sexism, Angel Di Maria and Francesco Totti. Ramdom.

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company