Coventry City FC will appeal stadium loan decision

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.

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Council buying Ricoh mortgage not costing taxpayer

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.

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