Coventry City Football Club has put pen to paper on a new one-year agreement to play their home games at the Ricoh Arena May until the end of the 2018-2019 season.
The, club affectionately named The Sky Blues, has signed the deal with Wasps Group. Talks took place between Nick Eastwood, Wasps Group chief executive, and Coventry City chief executive, Dave Boddy, since September.
Eastwood said the move had not been made on commercial grounds, he commented: “The agreement which was put in place to allow the football club to return to the city is in its last season. We fully appreciate the importance to Sky Blues supporters of their club playing in their home city, so we have agreed to a one-year extension with the football club.
“CCFC have on numerous occasions expressed their wish to move to a stadium they own, but with those plans not yet realised this agreement will give the Sky Blues an extra year to secure a new home.
“This is certainly not a commercially-driven decision, and there are plenty of financial and other arguments for us not continuing with any agreement, but we do not wish to see the football club disadvantaged.
“We understand the importance to supporters and the city itself of having Coventry City playing in Coventry. That has been at the forefront of our thinking, despite the significant distraction of the current legal proceedings.”