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Volume 10 No. 25
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League One Coventry City Offered New Ricoh Arena Rent Deal By ACL

League One Coventry City has "been offered a reduced rent by the Ricoh Arena's operators in a bid to keep them at the stadium," according to the BBC. Following a year-long rent row with Arena Coventry Ltd., the club "agreed a groundshare at Northampton's Sixfields Stadium for the next three seasons." Having previously charged more than £1M ($1.5M) a year, ACL has now offered a rent of between £100,000 ($151,000) and £400,000 ($607,000) per year, depending on the club's division. Coventry has until Friday to respond. News of this offer comes the day after ACL, which operates the Ricoh Arena on behalf of Coventry City Council and the Alan Edward Higgs Charity, "requested a final adjournment of a Coventry City creditors' meeting which could see the club come out of the administration" (BBC, 7/31).