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[h=1]BRANDON OWNERS: BEES SAFE[/h]Thursday 25th July 2013, 10:21
The owners of Coventry’s Brandon Stadium have released a statement confirming the Bees can race there until at least 2023, despite reports Coventry City Football Club have reached a provisional agreement to buy the site.
The venue was put up for sale by owner Avtar Sandhu, and the Sky Blues have emerged as favourites to secure a deal. Their interest comes as they bid to move back into the city after relocating from the Ricoh Arena to Northampton due to concerns over their rental costs.
Any plans to develop Coventry Stadium will almost certainly face opposition from residents in the Binley Woods and Brandon area due to the high volume of traffic which would have to negotiate the villages’ narrow roads every matchday.
Attempts to sell the £1 million stadium could also be blocked by HM Revenue and Customs, who have declared it a frozen asset, claiming it is part owned by convicted money launderer Jatinder Singh Batth. Sandhu disputes this and says he is the sole owner of the Brandon facility.
Bees owner Mick Horton recently confirmed he has signed a four-year agreement to run speedway at Coventry Stadium until the end of 2016.
Coventry Stadium’s owners did not confirm the identity of the site’s prospective purchasers, but they say speedway, stock cars and greyhounds will continue to be staged there until at least 2023.
Their statement reads: “The freehold remains available for sale and whilst we have had several parties show interest in securing the freehold for the site, only one has continued to show interest given the existing leases for speedway, greyhounds and stock cars.
“The confidential nature of negotiations needs to be maintained. As such, we will not confirm or release the details of the potential buyer. However, to stop further speculation from fans of the various sports which take place in the stadium, these will all continue to operate at the Brandon site until 2023 and hopefully well beyond that date.
“When we have further news regarding the land deal to release, we will do so. Until then, we hope the above statement will reassure the public of our intentions to see the anchor tenants at the stadium continue to operate for many years to come.”
The owners of Coventry’s Brandon Stadium have released a statement confirming the Bees can race there until at least 2023, despite reports Coventry City Football Club have reached a provisional agreement to buy the site.
The venue was put up for sale by owner Avtar Sandhu, and the Sky Blues have emerged as favourites to secure a deal. Their interest comes as they bid to move back into the city after relocating from the Ricoh Arena to Northampton due to concerns over their rental costs.
Any plans to develop Coventry Stadium will almost certainly face opposition from residents in the Binley Woods and Brandon area due to the high volume of traffic which would have to negotiate the villages’ narrow roads every matchday.
Attempts to sell the £1 million stadium could also be blocked by HM Revenue and Customs, who have declared it a frozen asset, claiming it is part owned by convicted money launderer Jatinder Singh Batth. Sandhu disputes this and says he is the sole owner of the Brandon facility.
Bees owner Mick Horton recently confirmed he has signed a four-year agreement to run speedway at Coventry Stadium until the end of 2016.
Coventry Stadium’s owners did not confirm the identity of the site’s prospective purchasers, but they say speedway, stock cars and greyhounds will continue to be staged there until at least 2023.
Their statement reads: “The freehold remains available for sale and whilst we have had several parties show interest in securing the freehold for the site, only one has continued to show interest given the existing leases for speedway, greyhounds and stock cars.
“The confidential nature of negotiations needs to be maintained. As such, we will not confirm or release the details of the potential buyer. However, to stop further speculation from fans of the various sports which take place in the stadium, these will all continue to operate at the Brandon site until 2023 and hopefully well beyond that date.
“When we have further news regarding the land deal to release, we will do so. Until then, we hope the above statement will reassure the public of our intentions to see the anchor tenants at the stadium continue to operate for many years to come.”