Coventry Telegraph

  • Wasps Reveal £6.3m Overall Profit

    ... had costs of £8.5 million in the year to June 2014 before they made the move from Adams Park in High Wycombe to the Ricoh Arena in Coventry, including £5.8 million on wages for its 107 staff, and turnover amounted to £6.5 million. According to The Coventry Telegraph, notes in the accounts indicate that Richardson had previously made an £8.5 million loan to the club but had “no intention” of calling that in during the next 12 months. Click here to read the full article on The Coventry Te...

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  • Sharp To Develop Coventry's Butts Park Arena

    Coventry RFC chairman Jon Sharp has said he wants to develop the Butts Park Arena to benefit the rugby club as Wasps confirm that Coventry City FC will remain at the Ricoh Arena until at least the end of the 2017-18 season. The Coventry Telegraph recently revealed that Sharp was in talks with Butts Park Arena leasehold owner Chris Millerchip about taking over the lease for the stadium land as he aims to progress plans for the club. Millerchip, a former Coventry player, donated thousands of pou...

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  • XtraGrass Takes Shape At Ricoh

    The Coventry Telegraph are keeping tabs on the pitch improvements at Wasps' Ricoh Arena ground with photos and video footage of the work as the old pitch is replaced ahead of the new football and rugby seasons. Stadium owners have ripped up the old surface and are installing an XtraGrass pitch that combines synthetic grass with the real thing. The irrigation system and undersoil heating has also been upgraded. Wasps have not revealed the cost of the project but deputy chairman Nick Eastwood has...

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  • Coventry City, Wasps And Council Directed To Mediation Over Ricoh Arena

    Wasps, Coventry City FC and Coventry City Council have been ordered to take part in mediation over the long-running Ricoh Arena legal battle the Coventry Telegraph has reported. A Court of Appeal judge instructed the parties to take part in peace talks during a hearing at the Royal Courts of Justice building, in London on Tuesday (28th). The hearing was held as Coventry City Council and CCFC are in conflict over the December 2014 sale of the Ricoh Arena to Wasps. Lawyers for companies that make...

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  • Wasps Avoid Latest Legal Challenge To Ricoh Purchase Value

    ... company ACL to Wasps. Sisu-related companies revealed they wanted the rugby club to pay almost £30million extra for ACL as they took Coventry City Council to the High Court in Birmingham last week to argue over the sale of the stadium firm in 2014, the Coventry Telegraph has reported. Wasps were also listed as an interested party along with former ACL shareholder the Alan Edward Higgs Charity. The judge Justice Rupinder Singh ruled against Sisu on all three points they had put to him, the main...

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  • Coventry FC's "Factory Of Hope" To Be Stung By Wasps Training Plans

    ... their new facility on August 4th. Coventry City’s largest supporters’ group has called on the city council to reject plans for Wasps to build a £7million training centre at the current home of the football club’s youth Academy according to the Coventry Telegraph. The Sky Blue Trust , which has about 3,000 members, has written to the head of the council’s planning committee , Coun Richard Brown, asking for the plans to be rejected until “a satisfactory long-term solution is found for...

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  • Coventry Fans To Stay Loyal Despite Wasps Move

    Fans of Coventry Rugby Club say they will carry on supporting their side, despite the much-publicised move of Premiership club Wasps to the Ricoh Arena. The club's decision to re-locate from High Wycombe to Coventry triggered speculation on how the move would impact the city's long-established rugby side, who currently play in National One - the third tier of English rugby. But a BBC Sport video investigates the feeling amongst supporters of Coventry, with the overwhelming feeling one of loyalty...

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  • Ricoh Arena Station No Use To Rugby Fans

    ... because of worries about overcrowding – particularly as the station will be unmanned. “We have been told by the Safety Advisory Group that the station will have to be closed for an hour after matches or events,” a London Midland spokesman told the Coventry Telegraph. “Our advice is to continue to use the existing bus services to get to and from games. “The main message is that, as soon as the station opens, everybody going to Coventry City or Wasps games simply won’t be able to get...

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  • Both Codes for Butts Park

    Coventry Bears have just secured a new three year stadium contract with partners Coventry RFC at the 3000-seat Butts Park Arena. The agreement sees the Bears secure tenancy up until November 2015, putting the club in a more secure position to try and bring Championship One Rugby League to Coventry and Warwickshire. Coventry Bears club director Alan Robinson commented: “This deal is everything for us as it allows us to build on the solid platform we laid last year with new Coventry fans, sponso...

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  • Refinance Likely To Cover Wasps £35m Retail Bond

    Wasps have confirmed the club might have to refinance its £35m bond scheme after financial experts consulted by the Coventry Evening Telegraph cast doubt on the club’s ability to repay its debt. Following the publication of the half year accounts for Wasps, the Telegraph sought expert analysis of the figures. Two accountants, and an internationally respected academic, all concluded that – at the current rate of return from activities - Wasps are unlikely to be able to meet its financial com...

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