Peter Knatchbull-Hugessen has said other sporting clubs want to use the Ricoh Arena if Coventry City's owners do take the club elsewhere.
Speaking about the Ricoh Arena at the Sky Blue Trust's AGM, PKH said: "As a charity we have to get independent valuations on anything we sell. This costs around 40k for the Ricoh.
"For the Bruce Springsteen gig, Arena Coventry Limited employed a thousand people on the night alone. This doesn't include anyone setting up the arena for the gig. "
Talking about the Sky Blues, who are still refusing to name their home venue for matches this season, he said; "A city without a football club is a sad thing. Arena Coventry Limited are talking to administrator several times a day", as well advising they are still in discussions with Preston Haskell IV and are aware of at several other sports clubs that want to play at the Ricoh Arena.
He also said "If Coventry City Football Club Ltd is liquidated approximately £3-4m will be owed to Arena Coventry Limited." When asked by Graeme Hawley if it becomes open tender for someone to buy the Ricoh Arena when CCFC Ltd gets liquidated, PKH replied "Yes" and added: "We need 200 hotel rooms at least to compete with the NEC etc. We have 120. This is why it's vital another hotel is built."