Coventry City sign new CBS Arena rental deal until end of the season after being served eviction notice by Mike Ashley's Frasers Group
Coventry City have signed a new rental deal that will allow them to continue playing at the CBS Arena until the end of the season.
The Championship side were given an eviction notice on December 5 by the stadium’s new owners, Mike Ashley’s Frasers Group – meaning a new licence had to be agreed.
GettyCoventry have now been given some respite
Frasers did not believe they were bound by the previous ten-year agreement with the stadium’s former owners Wasps, which was signed in March 2021.
However, a deal has now been reached to allow the Sky Blues to remain at the CBS Arena this term.
A statement from Coventry read: “The licence that we have signed will run until May 2023 and is subject to EFL approval, which we expect to be granted on Tuesday.
“This represents a positive step forward for the club and its fans. We now look forward to establishing a constructive working relationship with Frasers Group.
“Coventry City will now commence amicable talks with Frasers Group with a view to agreeing a longer-term licence for the club to play at the Arena.”
The club are also going through a change of ownership and have only ever been tenants of the ground that was built for them in 2005.
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It was hoped that they might take over as stadium owners after Gallagher Premiership side Wasps went into administration on October 18.
But, although City’s prospective new owner Doug King made a £25m offer, it was ruled in the courts that the offer came in too late – and allowed Ashley’s group to take over.
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Originally Posted By Talk Sport