Doug King has become Coventry’s majority shareholder after his purchase of the Championship club was signed off by the EFL.
Coventry have had several financial struggles in recent years, including issues with the lease of their Coventry Building Society Arena home. King has purchased 85% of the club, making him the majority owner, with the previous owner Sisu Capital retaining 15%.
King, a businessman based in Stratford-upon-Avon, agreed to a purchase of Coventry in November and the deal was signed off by the EFL on Tuesday, making the club debt free.
“I am honoured and excited to be…
