Coventry City Football Club purchases CBS Arena

Coventry City has completed the purchase of Coventry Building Society Arena’s home stadium.

Sky Blues bought him from Frasers Group and said it was “a very important moment” in the club’s history.

Doug King, president and owner of Coventry City, said that the club only means that the club can only be protected [for] for the present but for future generations “.

“This is more than a process. This is an expression of ambition and belief against Coventry.”

The announcement comes in the 20th anniversary week since the opening of the arena. The championship club said the movement would provide “long -term stability”.

King thanked the supporters for their “unchanging” loyalty through years of uncertainty and said that property came with “tremendous pride and great joy”.

“As owners, we can invest in facilities, fan experience and wider opportunities for our community. We are finally proud to call this stadium ourselves.”

King last month Discovering the possibility of building a new stadium of 40,000 people At the Butts Park Arena, Coventry Rugby Club president described plans as “unmissable”.

Sky Blues’ playing agreement at the CBS Arena would end at the end of the 2027-28 season.

In 2005, it was an unfair time for supporters because they left Hightield Road. At that time, he had four stadiums, four home spaces, three football clubs, and he had numerous protests.

But now, finally, the stadium built for Coventry City belongs to the club.

The club did not explain how much she paid to the Fraser group, but Last purchased in 2022 for £ 17 million By Tycoon Mike Ashley.

At that time, Club King’s new owner of the stadium offered last -minute £ 25 million to buy, but a court decided that the proposal was too late.

Mark Smith, which hosts All Things Sky Blue Podcast, was excited about the future of the club and is looking forward to shooting better quality players.

He described the news as “monumental” and for a long time in production.

“The ground was built for Coventry City Football Club, this is our floor. I hope we can start now and return to the Premier League.” He said.

Sky Blues hosted Queens Park Rangers at the CBS Arena at the BST, and by chance visitors were the first remote team to play in the stadium in 2005.

“This weekend Coventry is celebrating not only one anniversary, but a new age of ownership and ambition,” Coventry City said. He said.