Rent Dispute
In December 2012, Coventry City owners SISU Capital were embroiled in a high-profile dispute with ACL over the rent arrangement. SISU Capital are demanding £200k annual rent for the Ricoh and not the current £1.2 million. SISU claim they are paying the highest rent for a football stadium outside the Premiership. A deadline of 27 December 2012 was given by ACL for unpaid rent. Ater the deadline passed, a winding up order was enforced through the High Court.
Currently SISU are looking at moving to another football stadium as a contingency plan if an agreement with ACL cannot be reached. One of the potential sites for relocation is the former Rushden & Diamonds stadium Nene Park, in Northamptonshire.
Read more about this topic: Ricoh Arena
Famous quotes containing the words rent and/or dispute:
“I have been breaking silence these twenty-three years and have hardly made a rent in it.”
—Henry David Thoreau (1817–1862)
“As for the dispute about solitude and society, any comparison is impertinent. It is an idling down on the plane at the base of a mountain, instead of climbing steadily to its top.”
—Henry David Thoreau (1817–1862)