Coventry City Complete Deal To Buy Stadium

Coventry City has completed nan acquisition of its location stadium, nan Coventry Building Society Arena, nan nine has revealed.

The Sky Blues bought it from Frasers Group and said it marked a "pivotal moment" successful nan club's history.

Doug King, president and proprietor of Coventry City, said owning nan CBS Arena meant nan nine could beryllium safeguarded "not only [for] nan coming but for early generations".

"This is much than a transaction. It is simply a connection of ambition and belief successful Coventry," he said.

The announcement comes successful nan week of nan 20th day since nan arena opened. The nine said nan move would supply "long-term stability".

King thanked supporters for their "unwavering" loyalty done years of uncertainty and said nan ownership came pinch "immense pridefulness and awesome joy".

"As owners we tin put successful facilities, instrumentality experience, and wider opportunities for our community. We are proud to yet telephone this stadium our own."

It emerged past period that King had been exploring nan anticipation of building a caller 40,000-seater stadium astatine nan tract of Butts Park Arena, though nan president of Coventry Rugby Club described nan plans arsenic "unfeasible".

The Sky Blues' statement to play astatine nan CBS Arena had been owed to expire astatine nan extremity of nan 2027-28 season.

It has been a torturous clip for supporters since they near Highfield Road successful 2005. In that clip they person had 4 stadium owners, 4 location grounds, 3 shot nine owners and countless protests.

But now, finally, nan stadium, which was built for Coventry City, belongs to nan club.