Coventry City complete deal to buy stadium

Coventry City has completed the purchase of its home stadium, the Coventry Building Society Arena, the club has revealed.

The Sky Blues bought it from Frasers Group and said it marked a “pivotal moment” in the club’s history.

Doug King, chairman and owner of Coventry City, said owning the CBS Arena meant the club could be safeguarded “not only]for] the present but for future generations”.

The announcement comes in the week of the 20th anniversary since the arena opened. The Championship club said the move would provide “long-term stability”.

King thanked supporters for their “unwavering” loyalty through years of uncertainty and said the ownership came with “immense pride and great joy”.

The Sky Blues ‘ agreement to play at the CBS Arena had been due to expire at the end of the 2027-28 season.

It has been a torturous time for supporters since they left Highfield Road in 2005. In that time they have had four stadium owners, four home grounds, three football club owners and countless protests.

But now, finally, the stadium, which was built for Coventry City, belongs to the club.

The club has not revealed how much it paid Fraser Group, however, it was last purchased for £17m in 2022 by tycoon Mike Ashley.

Mark Smith, who hosts the All Things Sky Blue podcast, said he was excited about the future of the club and looked forward to attracting more quality players.

He described the news as “monumental” and a long time in the making.

“The ground was built for Coventry City Football Club, this is our ground. Hopefully now we can kick on and get back to where we belong in the Premier League”, he said.

The Sky Blues are hosting Queens Park Rangers at the CBS Arena at 15: 00 BST, and coincidentally the visitors were the first away team to play at the stadium in 2005.