Ricoh Arena

Next Game

Coventry v Wigan

Saturday, 08 August 2015, 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

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Nadir Ciftci could be heading to Wigan after fee agreed with Dundee United

Wigan Athletic have agreed a deal with Dundee United to sign striker Nadir Ciftci, according to Sky sources.

Arsenal striker Lukas Podolski in talks with Galatasaray

Arsenal striker ​Lukas Podolski is in talks over a move to Galatasaray, according to Sky sources.

Schneiderlin would be good addition - Rio

Morgan Schneiderlin would be a good signing for Manchester United, but Sergio Ramos will stay at Real Madrid, according to Rio Ferdinand.

Mail Box

Arsenal Only Need Two More (As Ever)

One Chelsea fan still doesn't see Arsenal as title contenders, plus we have thoughts on Petr Cech, Sergio Ramos, Heurelho Gomes, Paulinho and Arsenal Denilson...

Cech To Arsenal Has Been On The Cards For Years

We have happy Arsenal fans regarding their new goalkeeper, plus thoughts on Jose vs Arsene, transfer bulls**t, like-for-like Liverpool, WWC and population pedantry...

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