Rob S
Well-Known Member
Full press release here.
Sisu's Joy Seppala says Coventry City Football Club will not "interfere" with any talks over a sale of the Ricoh Arena to rugby club London Wasps.
She added neither she nor the club had received any contact from the stadium's management company Arena Coventry Limited or its half-owners Coventry City Council, which also owns the Ricoh freehold.
Speaking for the first time about the controversial Wasps proposal, she told the Get Cov Back To The Ricoh fans' group: "We will not interfere with any deal between Wasps and Arena Coventry Limited regarding the Ricoh." She said one of many hurdles to any prospect of a Ricoh deal had been ACL's contract with private firm Compass and the joint venture IEC, which had made an upfront payment to ACL in return for the Ricoh's revenues from catering sales.
"We don’t want to be distracted from what really matters to us, to the club and to the fans. We are focusing all of our efforts on making this season a great one for CCFC and securing our future."
Unconfirmed reports are that the proposed deal with London Wasps would see the council retain a 10 per cent stake in ACL, with a Wasps consortium buying a 90 per cent stake. The deal is expected to be discussed by councillors in private session at a full council meeting at Coventry council house on Tuesday.
Ms Seppala added there remained "long term investment plans" for the Coventry City football club, and "long-term investors" backing plans for a new stadium. Property consultants are actively working to secure a site that would include the commercial development potential around it. The long-term aim is for the new stadium to help maximise income for the team from stadium revenues.
She said: "We are moving on with our new stadium plans because the club needs access to revenues 365 days a year. You can’t build a new stadium overnight and we are happy to be back at the Ricoh Arena while we develop our plans for a new permanent home for CCFC."
Of team manager Steven Pressley, she said: "Steven's in it for the long term and is part of our plan for a sustainable football business model."
Read the rest of the release by clicking here.
Sisu's Joy Seppala says Coventry City Football Club will not "interfere" with any talks over a sale of the Ricoh Arena to rugby club London Wasps.
She added neither she nor the club had received any contact from the stadium's management company Arena Coventry Limited or its half-owners Coventry City Council, which also owns the Ricoh freehold.
Speaking for the first time about the controversial Wasps proposal, she told the Get Cov Back To The Ricoh fans' group: "We will not interfere with any deal between Wasps and Arena Coventry Limited regarding the Ricoh." She said one of many hurdles to any prospect of a Ricoh deal had been ACL's contract with private firm Compass and the joint venture IEC, which had made an upfront payment to ACL in return for the Ricoh's revenues from catering sales.
"We don’t want to be distracted from what really matters to us, to the club and to the fans. We are focusing all of our efforts on making this season a great one for CCFC and securing our future."
Unconfirmed reports are that the proposed deal with London Wasps would see the council retain a 10 per cent stake in ACL, with a Wasps consortium buying a 90 per cent stake. The deal is expected to be discussed by councillors in private session at a full council meeting at Coventry council house on Tuesday.
Ms Seppala added there remained "long term investment plans" for the Coventry City football club, and "long-term investors" backing plans for a new stadium. Property consultants are actively working to secure a site that would include the commercial development potential around it. The long-term aim is for the new stadium to help maximise income for the team from stadium revenues.
She said: "We are moving on with our new stadium plans because the club needs access to revenues 365 days a year. You can’t build a new stadium overnight and we are happy to be back at the Ricoh Arena while we develop our plans for a new permanent home for CCFC."
Of team manager Steven Pressley, she said: "Steven's in it for the long term and is part of our plan for a sustainable football business model."
Read the rest of the release by clicking here.
