Council accounts:
At a meeting on 15th January 2013, a meeting of full Council voted to use prudential borrowing powers to provide a commercial loan of £14.4m to Arena Coventry Limited (ACL).
Councillors voted to use prudential borrowing - it didn't happen.
From Aug 2013 - Council leader Ann Lucas claims Ricoh Arena 'very profitable' without the Sky Blues
http://www.coventrytelegraph.net/news/coventry-news/coventry-council-leader-ann-lucas-5677830
This presentation says that they will be increasing the number of hotel rooms.
http://www.coventry-warwickshire.co.uk/wp-content/uploads/2012/08/19.11.14-Presentation.pdf
The deal was only worth £5.5m as we do not know how the extra £1m for the extended lease is going to be paid. Is it at a later stage, is it part of the loan.
What happens to the "super rent" agreement?
What source did you use for the £30m deal?
"The Irish insurance salesman, who lives in Surrey and grew up in Monaco" - Really?????????
He moved to Monaco in 2002.
His company is based in Malta to save tax - yet ACL are funded by loans from Coventry Council - how does that work?
It won Campaign of the Year at the Pride of Trinity Mirror Awards on Monday night.
Are these awards sponsored by Trinity Mirror or are they just the Trinity Mirror awarding itself?
Could be interesting - 2 games for the price of 1
Monday, 12 January 2015
Barclays U21 Premier League - Division 1
Leicester City v Everton, Ricoh Arena, 7pm