Rent Dispute
In December 2012, Coventry City owners SISU Capital were embroiled in a high-profile dispute with ACL over the rent arrangement. SISU Capital are demanding £200k annual rent for the Ricoh and not the current £1.2 million. SISU claim they are paying the highest rent for a football stadium outside the Premiership. A deadline of 27 December 2012 was given by ACL for unpaid rent. Ater the deadline passed, a winding up order was enforced through the High Court.
Currently SISU are looking at moving to another football stadium as a contingency plan if an agreement with ACL cannot be reached. One of the potential sites for relocation is the former Rushden & Diamonds stadium Nene Park, in Northamptonshire.
Read more about this topic: Ricoh Arena
Famous quotes containing the words rent and/or dispute:
“Underneath the inharmonious and trivial particulars, is a musical perfection, the Ideal journeying always with us, the heaven without rent or seam.”
—Ralph Waldo Emerson (1803–1882)
“The king said, -Divide the living boy in two; then give half to the one, and half to the other. But the woman whose son was alive said to the king -because compassion for her son burned within her - -Please, my lord, give her the living boy; certainly do not kill him! The other said, -It shall be neither mine nor yours; divide it. Then the king responded: -Give the first woman the living boy; do not kill him. She is his mother.”
—Bible: Hebrew, 1 Kings. 3:25-37.
Solomon resolves a dispute between two women over a child. Solomon’s wisdom was proven by this story.