Coventry City agree sale that will leave club debt-free and plan CBS Arena bid | Coventry City

The Coventry owner, Sisu Capital, has agreed to sell a majority stake to local businessman Doug King in a deal which will leave the club debt free.

The Sky Blues were placed under a transfer embargo at the end of October while they repay money owed to HM Revenue & Customs but King taking an 85% share will clear all current debts.

As a result Coventry are also to make an equity bid to acquire the CBS Arena, after the owners Wasps Rugby Club went into administration this month and were soon followed by the stadium’s operating companies applying to enter administration.

A successful stadium…

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