Wasps sent to Coventry if deal is sealed

A £30 million deal for Wasps to take control of the Ricoh Arena in Coventry
could be finalised on Tuesday, when the proposal is put to a vote at a city
council meeting.

Wasps would take a 90 per cent stake in the stadium’s
operating company, Arena Coventry Limited (ACL), according to a detailed
report in the Coventry Telegraph.



ACL is jointly owned by the Alan Edward Higgs charity and Coventry City
Council.

Under the deal, the council would retain a 10 per cent stake in the
stadium.

However, there appears to be opposition from Labour and
Conservative councillors.



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