
Coventry City owner explores building new 40,000-seater stadium
The stadium is owned by the Frasers Group, where former Newcastle United owner Mike Ashley is the majority shareholder.The club's agreement to play there is due to expire at the end of the 2027-28 season.Under new English Football League (EFL) rules introduced for this season, Championship clubs will be fined £10,000 if they do not have at least a 10-year stadium agreement by 19 August.The fine would double for each consecutive season without a deal and the EFL would ultimately be able to expel the club from the league if they did not have an agreement covering a whole season.
Asked about the possibility of Coventry City developing a 40,000-seater stadium on the rugby club's land, Mr Sharp told the BBC: "Yes, it has been suggested."The problem Doug King has is that he owns the football club but he doesn't own the stadium. He is having discussions with Mike Ashley and I think he wants to have an alternative up his sleeve."He did mention it to me and I said it wasn't going to be feasible. That really is it as far as I'm concerned. We did not know he had spoken to the council."We support the Sky Blues, they are our fellow Coventry club. But we don't think it's feasible unfortunately and it's not in our gift anyway, it would be in the gift of the council."
Any move away from the Coventry Building Society would also need the approval of the government's new Independent Football Regulator following recently introduced legislation, which would also require fans to be consulted over any move.The council was consulted for informal advice as the relevant planning authority for the city.The local authority is understood to have responded negatively to the approach about Butts Park Arena, which was made in June. One senior councillor, who did not want to be named, told the BBC: "This is not a discussion the city needs to have again."The idea of the football club moving to the Butts Park Arena had been pushed by Coventry City's previous owners Sisu back in 2016. It was part of the long-running stadium dispute which saw the club fall out with the two previous owners of the stadium, Arena Coventry Ltd (a joint venture between a charity and the local council) and Wasps. Both disputes ultimately led to the club leaving the stadium to play home matches, first in Northampton in 2013-14 and then Birmingham in 2019-21.
Responding to the BBC's request for comment, a spokesman for the council said: "Organisations regularly approach us for confidential planning advice, though this doesn't mean they'll submit an application."With regards to Coventry City Football Club, the council, like every Sky Blues fan, wants to see the club secure its long-term future in the city."Doug King told the BBC he did not want to comment on the latest development. In April, he told BBC CWR it would be "madness" for the football club to leave the Coventry Building Society Arena again.Speaking at the time, he said he hoped that one day the club and ground will be under single ownership.He said: "It was built for the football club, it should never have been moved away".
The stadium was acquired by the Frasers group in November 2022 after former owners, rugby club Wasps, went into administration.Mr King launched a late court bid to try and thwart Mike Ashley's attempt to buy the stadium shortly after confirming he was taking over Coventry City - also in November 2022 - but was ultimately unsuccessful.Frasers have been approached for comment about whether a long-term deal for the club at the Coventry Building Society Arena is possible.
Follow BBC Coventry & Warwickshire on BBC Sounds, Facebook, X and Instagram.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Sky News
14 minutes ago
- Sky News
What is the car finance scandal - and what could today's ruling mean for motorists?
The UK's Supreme Court is set to deliver a landmark ruling today that could have billion-pound consequences for banks and impact millions of motorists. The essential question that the country's top court has been asked to answer is this: should customers be fully informed about the commission dealers earn on their purchase? However, the Supreme Court is only considering one of two cases running in parallel regarding the mis-selling of car finance. Here is everything you need to know about both cases, and how the ruling this afternoon may (or may not) affect any future compensation scheme. What is the Supreme Court considering? The Supreme Court case concerns complaints related to the non-disclosure of commission. This applies to 99% of car finance cases. When you buy a car on finance, you are effectively loaned the money, which you pay off in monthly instalments. These loans carry interest, organised by the brokers (the people who sell you the finance plan). These brokers earn money in the form of a commission (which is a percentage of the interest payments). Last year, the Court of Appeal ruled in favour of three motorists who were not informed that the car dealerships they agreed finance deals with were also being paid 25% commission, which was then added to their bills. The ruling said it was unlawful for the car dealers to receive a commission from lenders without obtaining the customer's informed consent to the payment. However, British lender Close Brothers and South Africa's FirstRand appealed the decision, landing it in the Supreme Court. What does the second case involve? The second case is being driven by the Financial Conduct Authority (FCA) and involves discretionary commission arrangements (DCAs). Under these arrangements, brokers and dealers increased the amount of interest they earned without telling buyers and received more commission for it. This is said to have incentivised sellers to maximise interest rates. The FCA banned this practice in 2021. However, a high number of consumers have complained they were overcharged before the ban came into force. The Financial Ombudsman Service (FOS) said in May that they were dealing with 20,000 complaints. In January 2024, the FCA announced a review into whether motor finance customers had been overcharged because of past use of DCAs. It is using its powers to review historical motor finance commission arrangements across multiple firms - all of whom deny acting inappropriately. The FCA also said it is looking into a "consumer redress scheme" that means firms would need to offer appropriate compensation to customers affected by the issue. An estimated 40% of car finance deals are likely to be eligible for compensation over motor finance deals taken out between 2007 and 2021, when the DCAs were banned. To find out how you can tell if you've been mis-sold car finance, read the following explainer from our reporter Megan Harwood-Baynes. How does the ruling affect potential compensation? In short, the Supreme Court ruling could impact the scale and reach that a compensation scheme is likely to have. The FCA said in March that it will consider the court's decision and if it concludes motor finance customers have lost out from widespread failings by firms, it is "likely [to] consult on an industry-wide redress scheme". This would mean affected individuals wouldn't need to complain, but they would be paid out an amount dictated by the FCA. However, no matter what the court decides, the FCA could go ahead with a redress scheme. The regulator said it will confirm if it is proposing a scheme within six weeks of the Supreme Court's decision. What impact could this have on lenders? Analysts at HSBC said last year the controversy could be estimated to cost up to £44bn. Alongside Close Brothers, firms that could be affected include Barclays, Santander and the UK's largest motor finance provider Lloyds Banking Group - which organises loans through its Black Horse finance arm. Lloyds has already set aside £1.2bn to be used for potential compensation. The potential impact on the lending market and the wider economy could be so great that Chancellor Rachel Reeves is considering intervening to overrule the Supreme Court, according to The Guardian. Treasury officials have been looking at the potential of passing new legislation alongside the Department for Business and Trade that could slash the potential compensation bill. The Treasury said in response to the claim that it does not "comment on speculation" but hopes to see a "balanced judgment".


The Guardian
34 minutes ago
- The Guardian
‘He doesn't try to be intimidating. He just is': Lions reveal how Andy Farrell makes the magic happen
Sitting in a car wash with the windows jammed open would be marginally drier than walking the streets of Sydney this week. The forecast rain stayed away for the decisive second Test in Melbourne, but the outlook for the Accor Stadium on Saturday is properly damp. Not that the Lions are overly bothered as they seek to squeeze every last drop of joy out of their tour of Australia. From the moment they met up the mantra of this party has been based on showing the absolute best of themselves in the Test matches and winning the series 3-0. Nothing has changed in that regard, as reflected in Farrell's largely rinse‑and-repeat final-Test selection, with the exception of Blair Kinghorn and James Ryan being elevated to the starting XV and a forward-loaded 6-2 bench split. As anyone with knowledge of Farrell's competitive instincts will be aware, the chances of him easing off the downcast Wallabies at this late juncture were always on the nonexistent side of slim. A final flourish is not always easily achieved at the end of a long, punishing season, but, in this case, all the most influential Lions are fit and hungry and motivation is not a problem. Aside from enjoying each other's company, the players have also responded well to Farrell's management style, among the primary reasons why this large tour party has stayed fully united. 'He's been really good at getting everyone closer,' said the Scotland centre Huw Jones, set to become a member of a prestigious Lions club by starting all three Tests. 'I don't really know how he's done it, but it's worked. 'I wasn't really sure what to expect from the outside. He's very calm and relaxed a lot of the time, [but] when he's on, he's pretty intense. When we're training he's always on and doesn't miss a beat. He sees everything and he's prepared to call you out in the middle of the session if something's not good enough. 'There's no hiding place, his standards are so high. He's very clear about what he wants and how he wants you to do it. He's been brilliant and it's great to be part of the squad under that leadership.' Jones, who will again partner Bundee Aki in midfield, was also good value on the subject of Farrell's presence and rugby instincts. 'He doesn't need to try to be intimidating, he just is. Some people just have that presence. He's obviously massive. Without meaning to be, he's just an intimidating person. Not in a bad way, but in a good way that commands respect. When he speaks everyone is listening. I'm yet to hear him say something I don't agree with, he reads the game so well. 'If you are walking, haven't quite got into position or if you are not talking to someone he will pick it up … and you will know about it. It is about not accepting anything average or mediocre you may be able to get away with at your club. We are here because we were selected as being the best of our international teams. You have to show up and prove that every day.' A resounding final performance, accordingly, is the objective of all concerned, Farrell included. When he says winning 3-0 'would mean the world to us' he is reiterating his belief that aiming high is vital, in sport and life. Sign up to The Breakdown The latest rugby union news and analysis, plus all the week's action reviewed after newsletter promotion 'I never think you should shy away from shooting for the stars because you might end up on the moon,' he said. 'That's pretty good as well. 'What's there to be shy about? Players, coaches, staff, Lions fans, everyone … they all want to win every game. You can't be frightened of that.' Just as telling, perhaps, is that even the 16 unlucky individuals – 12 original selections and four replacements – who have had no involvement in the Tests have felt as much a part of campaign as the 27 who have. 'It touches you,' said Farrell. 'The ones that were celebrating most last Saturday were the ones who hadn't put the shirt on. That says it all.' All that remains, then, is for the chosen few to go out and apply the coup de grace. In the first half in Brisbane and the second half in Melbourne these Lions have shown what they can do; not so much at other times. On this occasion, Farrell would settle for 70 minutes of excellence that, on the evidence to date, should be enough: 'We know what we're capable of in all sorts of areas, so getting close to eight or nine out of 10 in all of them would be somewhere close to where we want to be.' Jones feels much the same as he prepares for his own final fling. 'We've probably not played to our full capacity yet. That's been the message this week: to try and have our best performance of the tour. To do it in the last game, to win 3-0 – that would be amazing. That's where the motivation is.' It takes more than a spot of rain to dilute the resolve of Farrell and co.


Sky News
34 minutes ago
- Sky News
Full details of Heathrow's plans for a third runway revealed
Heathrow Airport has said it can build a third runway for £21bn within the next decade. Europe's busiest travel hub has submitted its plans to the government - with opponents raising concerns about carbon emissions, noise pollution and environmental impacts. The west London airport wants permission to create a 3,500m (11,400ft) runway, but insists it is open to considering a shorter one instead. 5:31 In January, Chancellor Rachel Reeves announced that the government supports a "badly needed" expansion to connect the UK to the world and open up new growth opportunities. But London mayor Sir Sadiq Khan is still against a new runway because of "the severe impact" it will have on the capital's residents. Under Heathrow's proposal, the runway would be constructed to the northwest of its existing location - allowing for an additional 276,000 flights per year. The airport also wants to create new terminal capacity for 150 million annual passengers - up from 84 million - with plans involving a new terminal complex named T5XW and T5XN. Terminal 2 would be extended, while Terminal 3 and the old Terminal 1 would be demolished. The runway would be privately funded, with the total plan costing about £49bn, but some airlines have expressed concern that the airport will hike its passenger charges to pay for the project. EasyJet chief executive Kenton Jarvis said an expansion would "represent a unique opportunity for easyJet to operate from the airport at scale for the first time and bring with it lower fares for consumers". Thomas Woldbye, the airport's chief executive, said in a statement that "it has never been more important or urgent to expand Heathrow". "We are effectively operating at capacity to the detriment of trade and connectivity," he added. "With a green light from government and the correct policy support underpinned by a fit-for-purpose, regulatory model, we are ready to mobilise and start investing this year in our supply chain across the country. "We are uniquely placed to do this for the country. It is time to clear the way for take-off." The M25 motorway would need to be moved into a tunnel under the new runway under the airport's proposal. London mayor still opposed Sir Sadiq says City Hall will "carefully scrutinise" the proposals, adding: "I'll be keeping all options on the table in how we respond." Tony Bosworth, climate campaigner at Friends of the Earth, also said that if Sir Keir Starmer wants to be "seen as a climate leader", then backing Heathrow expansion is "the wrong move". Earlier this year, Longford resident Christian Hughes told Sky News that his village and others nearby would be "decimated" if an expansion were to go ahead. 2:33 It comes after hotel tycoon Surinder Arora published a rival Heathrow expansion plan, which involves a shorter runway to avoid the need to divert the M25 motorway. The billionaire's Arora Group said a 2,800m (9,200ft) runway would result in "reduced risk" and avoid "spiralling cost". Transport Secretary Heidi Alexander will consider all plans over the summer so that a review of the Airports National Policy Statement can begin later this year. It also comes after Sky News reported on a Heathrow Airport-funded group sending leaflets supporting a third runway to thousands of homes across west London. The group, called Back Heathrow, sent leaflets to people living near the airport, claiming expansion could be the route to a "greener" airport and suggesting it would mean only the "cleanest and quietest aircraft" fly there. 3:21 Opponents of the airport's expansion said the information provided by the group is "incredibly misleading".