Board Issue Ricoh Rent Statement

Last updated : 16 November 2011 By Covsupport News Service

Coventry City’s Board have issued a statement following the comments made by former Director Leonard Brody on the amount of rent, the Sky Blues pay to use the Ricoh Arena. 

The statement reads as follows: “THE Board ("the Board") of Coventry City Football Club ("the Club") note the interview published today in the local media with former director Leonard Brody. 

Mr Brody speaks as an independent minority shareholder and not as the voice of the Board. 

The Club recognises that the Ricoh Arena is an important amenity for the City of Coventry. While it is true that the Club does pay a substantial annual rent, the Board are committed to finding a longer term ownership solution for the Ricoh Arena which best serves the interests of all its stakeholders. 

As previously stated by our Chairman, the Board are working to prove to the Arena's stakeholders that we have both the financial ability and management capability to drive the business forward. 

We believe that by all sides supporting each other, a longer term solution can be realised that benefits both the Club and the wider community.”