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Coventry have introduced they’ve signed an settlement to proceed enjoying residence video games at Coventry Constructing Society Enviornment that runs to the tip of the season.
Earlier this month, the Sky Blues have been handed an eviction discover by Frasers Group, owned by former Newcastle proprietor Mike Ashley, which took over the stadium in November.
A press release on the membership’s official web site on Monday mentioned: “Coventry Metropolis Soccer Membership is happy to verify that it has signed a brand new licence settlement with Frasers Group to ensure that the membership to proceed to play residence video games on the Coventry Constructing Society Enviornment.
“This represents a optimistic step ahead for the membership and its followers and we now look ahead to establishing a constructive working relationship with Frasers Group.
“The licence that we now have right now signed will run till Could 2023 and is topic to EFL approval, which we count on to be granted on Tuesday.
“Coventry Metropolis will now start amicable talks with Frasers Group with a view to agreeing a longer-term licence for the membership to play on the Enviornment.”
Previous to Frasers Group’s takeover, Coventry had an settlement, signed in March 2021, to play on the floor working to 2031.
The Sky Wager Championship outfit final Monday mentioned that they had acquired the eviction discover and been advised they have to agree a brand new licence, having beforehand believed the present phrases would proceed unchanged following the Frasers Group takeover.
Frasers Group mentioned that earlier than buying the stadium it had issued a brand new licence mirroring the phrases Coventry had agreed with the outdated house owners, that the membership selected to not signal it at the moment, and {that a} revised proposal and new licence had been issued.
Coventry final month agreed, topic to EFL approval, to promote a majority stake to native businessman Doug King, who will purchase an 85 per cent stake within the membership.
The deal includes clearing all of their present money owed and Coventry had been planning to make an fairness bid to purchase the stadium, following the administration of former house owners Wasps, however misplaced out to Ashley.
They’re set to play their subsequent residence match towards Swansea on Saturday.
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