Prestwich_Blue
Well-Known Member
I wrote about this for KOTK a while ago.They didn't own the ground - the council and another company owned it - they in turn flogged it on the cheap to WASPS to avoid being saddled with a white elephant. That is why it pissed SISU off, they were running the club into the ground in the hope that SISU would get the ground on the cheap but the council flogged it to WASPS instead.
SISU, the hedge fund that bought Coventry, essentially tried to bankrupt the company that owned the Ricoh Arena. Doing that would have enabled them to buy it on the cheap. ACL, the company that owned the stadium, sold it to Wasps from under SISU’s nose and they took legal action. They’ve lost every action they’ve brought but still persist. Incredibly, the EFL chief executive Shaun Harvey recently claimed that the owners’ interests were in tune with the those of the fans. Even Jim White was left speechless by that.