Utter Confusion Reigns At Coventry City

It has been a busy week for Coventry City Football Club. On the pitch the team itself remains just three points from the play-off places as the season ends its closing stages, but few eyes are concentrated on events on the pitch at present, as the breakdown in the relations between ACL, the company which manages The Ricoh Arena, and SISU, the hedge fund which owns the club, now threatens to spiral out of all control to the extent at which it ceases to become an overstatement to suggest that the very future of this football club is now at stake. The club moved into the Ricoh Arena in 2005 under a lease which had been agreed between ACL – a company which runs the stadium on behalf of its owners, Coventry City Council, and the Alan Higgs Trust – and the club’s then-owners, but since relegation to Football League One at the end of last season SISU have been arguing that their rent is too high for the division on which they play and, apparently, withholding it as some sort of “negotiating tactic” with ACL. Relations between the two companies have deteriorated significantly over the last three months or so. It had been understood that a deal had been brokered between the two companies that would lead to the club paying a significantly lower rent – as with...

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