Ann Lucas Admits ACL Needed CCFC

Last updated : 15 January 2015 By Covsupport News Service

According to an article in the Coventry Telegraph, Coventry City Council Leader Ann Lucas has admitted that the Ricoh Arena needed Coventry City FC.

Speaking about the losses of £392k, the paper have the Council Leader as saying: “We said that ACL was profitable without the football club, the accounts show different. I fully accept that.

“The actual reality of not having the football club there for that year meant ACL couldn’t wash its face.

“But we never had a problem with the company repaying its loan and they have never come to the council requesting more money.

“Would they have if we hadn’t sold the company to Wasps? Who knows.”

Full story - http://www.coventrytelegraph.net/news/coventry-news/council-admits-ricoh-arena-not-8451492