Coventry City has received an eviction notice from Shirebrook-based Frasers Group, new owners of the Coventry Building Society Arena.
The football club says it has been told that it must agree a new licence to play at the Arena, following the Frasers Group acquisition of the stadium from administrators in November.
In a statement Coventry City said: “We were surprised to learn of this intention by Frasers Group, given that discussions with Coventry City prior to the completion of their purchase of the Arena led us to understand the existing terms would continue unchanged with Frasers Group as the new owners of the Arena.”
Coventry City Football Club has an existing long-term licence to play at the Arena, which was agreed in March 2021 to run until 2031.
Coventry City added: “Frasers Group have now presented to Coventry City a new agreement with new commercial terms, which have been presented to us without any dialogue or negotiations, and are less favourable to the Football Club. In addition, this licence would only run until May 2023.
“Frasers Group have said they would negotiate for beyond May 2023, but this leaves us without the security and certainty that our current deal provides to us and our fans.
“To confirm, Coventry City are happy to continue under terms of the current licence which we already have in place to play at the Arena.
“Following Frasers Group’s purchase of the Arena, one of the great assets of the City of Coventry, they stated they were ‘looking forward to working with Coventry City Football Club’.
“Coventry City hope that they will act on those words for the good of the Arena, the Football Club, our fans and the City and community that they are now part of.”
