Arena Coventry Limited Chairman Nicholas Carter has said that he is disappointed that the Ricoh Arena management company's latest offer to sort out the Ricoh rent was not accepted.
Speaking to the Coventry Observer's Steve Carpenter, Mr Carter said: “There's been almost 12 months without any rent. You're in cloud cuckoo land if you think everything is fine.
"We'd stabilised the company after the council had bought the debt and re-loaned it back to ACL on better terms therefore securing ACL's future.
“So we were able to go back with an even more generous offer and we are generally taken back and disappointed that it hasn't gone through.
“Having seen all the fans reaction, which are important because they're not just fans but also customers of this business, I can see why they're exasperated too.”
More on this; http://www.coventryobserver.co.uk/2013/02/21/news-Sky-Blues'-quit-threat-in-Ricoh-rent-row-63694.html#.USYIEImfhl4.twitter
Source: Coventry MAD