1. ITV Report

Coventry City in talks with Wasps over future at Ricoh Arena

. Credit: PA

Coventry City Football Club has announced it is in talks with Wasps over its future at the Ricoh Arena.

The club currently don't have anywhere to play home games next season, after Wasps - the owners of the Ricoh Arena - refused to extend the club's tenancy last month.

The rugby side bought Coventry City Council's 50% share in the ground, giving them complete ownership of the stadium.

The Sky Blues face expulsion from League One if they don't have anywhere to play their home games next season.

An Extraordinary General Meeting which was called by the EFL has been postponed after it was due to go ahead on Thursday April 25.

In a statement, the club said it has made 'significant progress' in working to meet the EFL stadium criteria for next season.

We have worked closely with Shaun Harvey and the EFL over a long period of time on this matter, and are grateful to the EFL Board for giving us the extra time needed to bring this matter to a satisfactory conclusion, which would see Coventry City continue to play its fixtures in Coventry.

We can confirm that Coventry City Football Club has started initial discussions with Wasps Holdings Limited regarding an extension to our current license agreement to play at the Ricoh Arena.

We can also confirm that a Heads of Terms agreement has been signed to groundshare at an alternative venue.

However, the timescales involved with this option means that a deal with Wasps will need to be concluded very quickly, otherwise our option with the alternative venue will be lost.

We are unable to comment further at this time due to a mutually-signed confidentiality agreements, but will keep supporters updated when we are able to do so.

We want to conclude this matter as soon as possible, with the continued aim of Coventry City playing at the Ricoh Arena, and will work extremely hard in the next few days to that end."

– Coventry City Football Club