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Wasps rugby club announce full ownership of Ricoh Arena

Wasps rugby club have announced that it now has a 100% shareholding of Arena Coventry Limited, the company that owns the Ricoh Arena, having acquired a 50% shareholding from the Alan Edward Higgs Charity.

Coventry City taking on Yeovil Town at the Ricoh Arena in September. Credit: PA

The Club had previously acquired a 50% shareholding in Arena Coventry Limited from Coventry City Council on Wednesday 8 October.

Wasps have also also announced that they will rename the ‘North Stand’ of the Ricoh Arena as ‘The Higgs Charity Stand’.

For every Wasps match ticket sold in this newly renamed stand, the club will donate 50p to the Alan Edward Higgs Charity.

We are delighted to confirm our acquisition of the remaining 50% shareholding in the Ricoh Arena. Since the news was first announced of our move, we have been overwhelmed by the warm welcome we have received from the local community. We are looking forward to embedding ourselves in the region and helping promote rugby – something we have already committed to by making over 12,000 free tickets available to Coventry schools and rugby clubs.

– Nick Eastwood, Wasps Chief Executive