According to Coventry City Council deputy George Duggins, Coventry City would still be in a financial mess even if they owned the Ricoh Arena.
Speaking to the CT after it has been said at the press conference on Wednesday that City were to meet the Council to discuss buying back the Alan Higgs share of Arena Coventry Limited, Cllr Duggins said: "It's a total misconception that if only the club had control of the Ricoh they would not be having the problems they do.