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Coventry owners win court date

Coventry's owners have been granted a judicial review into a £14m council loan made to Ricoh Stadium operators Arena Coventry Limited.

Last Updated: 29/11/13 at 15:39 Post Comment

Ricoh Arena: Coventry's former home

Ricoh Arena: Coventry's former home

High Court judge Mrs Justice Thirlwall ruled on Friday there are grounds for examining the legality of a deal which saw Coventry City Council buy ACL's bank debt earlier this year.

At the time ACL was in dispute with Ricoh tenants Coventry over unpaid rent, a stand-off which eventually contributed to the club's relocation to Northampton.

Coventry owners Sisu claim the Council's loan overvalued the stadium and was deliberately intended to scupper their own talks with ACL - ultimately, to force them out of the club.

The Council continues to deny Sisu's claims, and its leader Ann Lucas told the Coventry Telegraph: "We are disappointed that the Judge has today allowed this judicial review to proceed to a court hearing, but are confident we have a robust defence.

"We did not want this court action, and believe no-one benefits from costly litigation that could end up costing Coventry taxpayers hundreds of thousands of pounds in legal costs alone.

"Regardless of all legal action I am happy to talk to (Sisu boss) Joy Seppala again to see if compromise can be reached. I want Coventry City Football Club to play at the Ricoh Arena, but not on terms that would not justify public scrutiny."

A statement from the club read: "The judicial review will finally allow all the facts behind this damaging saga to be revealed to fans and taxpayers.

"Joy Seppala has made clear that we do not rule out a return to the Ricoh but the Council's stance has compelled us to focus on progressing the plans for our new stadium in the Coventry area."

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G

reat article. Hits the nail on the head. Encapsulates why I don't read tabloid newspapers anymore. The only thing worse is the 'told you so first' headline when they get lucky.

ianonabeach
Time To Burst The ITK Bubble

F

amous. If that can be achieved whilst sitting in your pants and without any degree of hard work, all the better. I have no desire to be famous, but the rest of that line suits me just fine. Great article by the way, well worth the wait.

hunter sanchez
Time To Burst The ITK Bubble

T

here seems to be little focus on the performance of Besiktas. They played very well and stopped Arsenal from playing. Credit has to go to their manager. As much as Arsenal didn't play too well, we kept a clean sheet, but the home side made it very difficult.

Geddy76
Chambers' Poise Impresses Again

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