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.
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Fine and dry with some sunshine during the day. Feeling warm with light winds.
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