Stadium buying price revealed (1 Viewer)

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Winny the Bish

Winny the Bish

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Mar 26, 2010
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MIKE ASHLEY made a £30million profit on the Coventry City stadium after flogging the ground to the Premier League hopefuls.

The Championship leaders forked out £50million last summer, to secure the Coventry Building Society Arena from Ashley’s Fraser Group, SunSport can reveal.

Fresh paperwork for Ashley’s Fraser Group confirmed the stadium sale price for the first time. Documents for the company said: “The group completed the disposal of the Coventry Arena business in August 2025 to CovCityco Ltd for consideration of £50million.”

Ex-Newcastle owner Mike Ashley makes £30m profit in three years selling stadium
 
fatso

fatso

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Jun 19, 2017
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The figures are misleading. (Not a suprise considering the source) it doesn't account for the considerable cost of the repairs that were needed after Sisu's exit, or the operating loses that Mike Ashley had to cover.
 
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SkyBlueSoul

SkyBlueSoul

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Apr 15, 2015
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www.skybluestalk.co.uk

Finance update

Latest filing (today) on Companies House shows that the £15m equity put into the club in May-25 was from RCMA GROUP PTE LTD. This is a company within the wider RCMA Group of companies, for which Doug King is an owner.
www.skybluestalk.co.uk www.skybluestalk.co.uk
 
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Grendel

Grendel

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shepardo01

shepardo01

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Presumably they (Fraser's) spent the 17m required (on top of what they paid) to fix all the stuff Wasps left ruined.
 
BinleyMegaSkyBlue

BinleyMegaSkyBlue

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Apr 17, 2024
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shepardo01 said:
Presumably they (Fraser's) spent the 17m required (on top of what they paid) to fix all the stuff Wasps left ruined.
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Aye I thought Doug made it pretty clear in an interview afterwards they'd probably spent at least as much as they put in buying it, which was close to 20 million judging by the numbers. Makes 50 million a lot more palatable.
 
Danceswithhorses

Danceswithhorses

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Mar 26, 2011
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SkyBlueSoul said:
www.skybluestalk.co.uk

Finance update

Latest filing (today) on Companies House shows that the £15m equity put into the club in May-25 was from RCMA GROUP PTE LTD. This is a company within the wider RCMA Group of companies, for which Doug King is an owner.
www.skybluestalk.co.uk www.skybluestalk.co.uk
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Yep, CrawleySkyBlue was all over this a week ago, and gave his expert analysis.
Nice to have another guy on here who knows his stuff, just like 'oldskyblue58', who is greatly missed.
 
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W

wingy

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Jul 9, 2011
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BinleyMegaSkyBlue said:
Aye I thought Doug made it pretty clear in an interview afterwards they'd probably spent at least as much as they put in buying it, which was close to 20 million judging by the numbers. Makes 50 million a lot more palatable.
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Not so sure about that, for what they gained from the LA locally, personally I think they should have been happy with a cost neutral deal,£20M too much for me.. probably only a 70 year lifespan for this stadium.
 
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