Former Coventry City Chairman and local MP Geoffrey Robinson has called for a spirit of co-operation to get the Ricoh Arena row sorted out.
The row, which sees the amount of rent owed to Arena Coventry Limited, becoming £1m tomorrow, continues amongst Coventry City FC's owners SISU, Arena Coventry Limited, the Higgs Charity and the City Council.
City boss Mark Robins has joined supporters in calling for all sides to get together and work something out and now Geoffrey Robinson has got involved, telling the Coventry Telegraph's Les Reid: “I don’t believe Sisu are entirely to blame for this. The charity was never intended to have those shares in the stadium for the long term. It has held onto them for far too long. It should get out at whatever price it can.
“The council should enter into a new spirit of co-operation with the club. The original rent was far too high.
“They abused their position of power and are bringing about catastrophe with short-sighted, extortionate rent that no club can afford, and no club in Division One has to afford.
"It is a disaster, with no winners. Yorkshire Bank, ACL, Coventry City Council, the Higgs charity, Sisu, the football club. All losers.
“They should face up to their responsibilities. Sisu should put forward a sensible restructuring plan to help all those losers.”
Full story: http://www.coventrytelegraph.net/news/coventry-news/2012/11/30/coventry-mp-warns-of-ricoh-stadium-catastrophe-92746-32338166/2/#ixzz2DhvFKXsJ
Source: Coventry MAD