Coventry Metropolis have obtained an eviction discover from former Newcastle United proprietor Mike Ashley’s Frasers Group, which acquired the Coventry Constructing Society Area final month, the English Championship membership stated on Monday.
Following the Frasers Group acquisition of the stadium from directors, Coventry have been informed that they need to agree a brand new licence to proceed enjoying on the enviornment.
Coventry have an current long-term licence, agreed in March 2021 to run till 2031, however stated the brand new homeowners offered a contemporary settlement on new industrial phrases “without any dialogue or negotiations, and are less favourable to the Football Club.”
They added the brand new licence would run solely till Could 2023.
“We were surprised to learn of this intention by Frasers Group, given discussions with Coventry prior to the completion of their purchase of the arena led us to understand the existing terms would continue unchanged with Frasers Group as the new owners of the arena,” Coventry stated in a press release.
“… Frasers Group have said they would negotiate for beyond May 2023, but this leaves us without the security and certainty that our current deal provides to us and our fans.”
The stadium’s former homeowners — rugby membership Wasps — went into administration in October.
Coventry, who’re twelfth within the second tier with 29 factors after 19 video games and are scheduled to play their subsequent dwelling recreation on Dec. 17 towards Swansea Metropolis, stated they had been pleased to proceed beneath the phrases of the present licence.
“Following Frasers Group’s purchase of the arena… they stated they were ‘looking forward to working with Coventry City Football Club’,” the membership added.
“Coventry City hope that they will act on those words for the good of the arena, the club, our fans and the city and community that they are now part of.”