ECONOMIC GROWTH

Council's deal to sell off ACL brings Wasps to Coventry

Coventry City Council has agreed to sell its share in the company that runs the Ricoh Arena to the Wasps Rugby Club, in a deal reportedly worth around £30m.

By Jamie Hailstone | 14 October 2014

Coventry City Council has agreed to sell its share in the company that runs the Ricoh Arena to the Wasps Rugby Club, in a deal reportedly worth around £30m.

The deal to sell the local authority's stake in ACL was agreed unanimously last week at a council meeting.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Turning challenges into opportunities
  4. Frugal authorities may be left exposed to more cuts
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