- 8 updates
A judge has ruled that Coventry City Council did not act irrationally by loaning more than £14million of taxpayers' money to the company which runs the city's Ricoh Arena - a company in which the council itself is a shareholder.
The loan was needed after SISU, the owners of Coventry City Football Club, stopped paying rent on the stadium, saying it was too high. SISU claimed in court the council loan was equivalent to state aid, and was unlawful. Andy Bevan reports.
Coventry City's supporters are calling on both sides in the dispute over the Ricoh Arena to get back to the business of football.
Moz Baker, from the Sky Blues Trust says all fans want is the club back playing football in Coventry, at the Ricoh Arena.
The Chief Executive of Coventry City FC, Tim Fisher, has criticised the loan given to the owners of the RIcoh Arena, ACL, by Coventry City Council.
It comes on the day that a judge has ruled that the loan is not unlawful.
Coventry City Council says their purchase of the mortgage for the Ricoh Arena is not costing the taxpayer any money.
The leader of the council, Ann Lucas, says they are effectively the bankers for Arena Coventry Ltd, who own the ground, so they are making money on the loan given to them to keep the stadium running.
Supporters group the Sky Blue Trust are calling on both the football club and Coventry City Council to put their differences aside and move forward together.
In their statement they urge everyone to stop wasting time, energy and money.
Coventry City Council say they're 'delighted' that a judge has found that claims they behaved irrationally by loaning the owners of the Ricoh stadium millions of taxpayers money were totally invalid.
Coventry City Football Club say they will appeal the judge's ruling that the council's decision to provide a £14.4 million loan of taxpayers money to the owners of the Ricoh Arena was not irrational.
The Club's owners claimed the loan from Coventry City Council amounted to unlawful state aid and they shouldn't have agreed the deal.
A judge has ruled that Coventry City Council did not act irrationally by loaning the owners of Coventry City Football Club's stadium £14.4 million of taxpayers' money.
More to follow...