'Pivotal' moment as Coventry City buys CBS Arena
Summary
Coventry City Football Club has bought its home stadium, the Coventry Building Society Arena, from Frasers Group. The club's owner, Doug King, said this purchase provides long-term security and allows for improvements in facilities and fan experience. This acquisition arrives during the arena's 20th anniversary.Key Facts
- Coventry City Football Club has purchased the Coventry Building Society Arena, its home stadium.
- The club bought the stadium from Frasers Group.
- Club owner Doug King stated this is an important moment for the club, ensuring its future.
- Owning the stadium allows the club to upgrade facilities and improve the fan experience.
- The stadium was last bought by tycoon Mike Ashley for £17 million in 2022.
- Coventry City's lease to play at the arena was set to expire at the end of the 2027-28 season.
- The purchase coincides with the 20th anniversary of the stadium's opening.
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