League One Coventry City Searching For New Stadium After Dispute With Ricoh Arena Owners
League One side Coventry City "has begun looking for a new stadium for its home games next season after a dispute with the owners of its current ground," according to Bob Bensch of BLOOMBERG. Coventry "is in disagreement with Arena Coventry Ltd., owners of the Ricoh Arena, over unpaid rent and game-day revenue." Coventry CEO Tim Fisher said, "The fact is that we are being locked out of the Ricoh Arena. We have been told that there is no further room for negotiation and an offer that we made to get back round the negotiating table has been rejected" (BLOOMBERG, 5/3). In Coventry, Alan Poole reported lawyers acting for Arena Coventry Ltd. "refuted that claim and insisted that he has no authority to issue such statements as administrator Paul Appleton is the man making the decisions" (COVENTRY TELEGRAPH, 5/3).