Coventry City Council has agreed to sell its share in the company that runs the Ricoh Arena to the Wasps Rugby Club, in a deal reportedly worth around £30m.
The deal to sell the local authority’s stake in ACL was agreed unanimously last week at a council meeting.
The agreement also guarantees Coventry City Football Club’s continuing tenancy at the football stadium.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login
