Coventry City Football Club CBS Buys Arena

Covantry City has completed the purchase of its home stadium, Coventry Building Society Arena, the club has revealed.

Sky Blues bought it from the Fraser Group and said it marked a “decisive moment” in the history of the club.

Coventry City President and owner Doug King said that the owner of CBS Arena means that the club can be “not only” secured ” [for] Current but for future generations “.

“This is more than a transaction. It is a statement of ambition and faith in Covantry,” he said.

The announcement comes in the 20th anniversary week since the arena opened. The Championship Club said the step would provide “long -term stability”.

The king thanked the supporters for his “unbreakable” loyalty through the years of uncertainty and said the ownership came with “immense pride and great bliss”.

“As owners we can invest in features, fan experiences and wide opportunities for our community. We finally pride to call this stadium our own call.”

It emerged last month that the king was The possibility of creating a new 40,000-seater stadium On the site of Batts Park Arena, although the chairman of the Covantry Rugby Club described the plans as “unforgivable”.

The Sky Blues Agreement to play in CBS Arena was due to expiry at the end of the 2027–28 season.

It has been a torture time for supporters since leaving the Highfield Road in 2005. At that time, he has had four stadium owners, four home grounds, three football club owners and countless protests.

But now, finally, the stadium, which was designed for the Coventry City, belongs to the club.

The club has not ascertained how much it has paid the Fraser Group, however, it was Last bought for £ 17m in 2022 By Tycoon Mike Ashley.

At that time, the new owner of the club King bid for a final-script of £ 25m to buy the stadium, but a court ruled that the proposal was too late.

Mark Smith, who hosts All Things Sky Blue Podcast, said he was excited about the future of the club and ready to attract more quality players.

He described the news as “monumental” and longer in creating.

He said, “The ground was built for the Coventry City Football Club, this is our ground. Hopefully we can kick and come back where we are in the Premier League,” he said.

Sky Blues 15:00 BST is hosting Queens Park Rangers at CBS Arena on BST, and coincidentally the visitors were the first team to play in the stadium in 2005.

“At the end of this week they return as a covantry, not only an anniversary, but a new era of ownership and ambition,” Coventry City said.

Gary Thompson, who played for Coventry City for six sessions, said that he had re -read the “magnificent” news about the club when he woke up on Saturday morning.

He said that the announcement opened a “whole new avenue” for the club and Sky Blue fans would have “made up of” from the news.

“We will achieve better revenue currents, which means that you can bring better players over the long term. Club can only be better and bigger,” he said.

“CBS Arena was a huge stadium, but then you realized that you are not the owner of it. What Doug King has done is absolutely monumental for this club.”