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We're Not Long Term Investors - Higgs Charity
Published : 19 May 2012 00:04:04
Higgs Charity Will Sell
Representative of the Higgs Charity, Knatchbull-Huggeson has said that the charitable trust are not a long term investor and would like to out of the Ricoh Arena
We're not a long-term investor. We'd love to be out," Higgs Charity spokesman Peter Knatchbull-Huggeson told BBC Coventry & Warwickshire and BBC Sport.
"It was never an intention of the charity to stay in. "What we wanted was to get the thing moving, get it built and start the regeneration.
"But we're not a long-term investor. We've got other projects we'd like to develop in Coventry.
"The stage we're at at the moment is that people will be going off and doing due diligence, which takes roughly 30 days.
"The city council are a longer-term custodian but, again, their sole mission is to get regeneration.
"When they've got a partner that can take that on then I assume they will go out.
"It isn't the business of either of us to be running a stadium like that."
More on this http://www.bbc.co.uk/sport/0/football/18116601