Mike Ashley’s Frasers group serve notice of expulsion from Coventry City FC | Fraser Group

Mike Ashley, the billionaire owner of Sports Direct and House of Fraser, has served Coventry City with an eviction notice ordering the Championship football club to leave their stadium.

The Frasers Group, which is majority-owned by Ashley and took over the stadium last month, said on Monday the Blues were no longer allowed to use the ground after the club refused to sign a new lease agreement. he considered “less favourable”.

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The club said in a statement: “Following Frasers Group’s acquisition of the stadium from the trustees, Coventry City have been advised that we need to agree a new license to play at the Coventry Building Society Arena.

“We were surprised to learn of this intention from the Frasers Group, given that discussions with Coventry City prior to the completion of their purchase of the arena led us to understand that the existing terms would remain unchanged with the Frasers Group as as new owners of the arena.

“Coventry City Football Club (CCFC) have a long-term license to play in the arena which was agreed in March 2021 until 2031.”

News of the eviction notice came after Coventry announced on Friday that their FA Youth Cup tie against Southampton on Saturday had been transferred to Leamington FC ‘due to unforeseen circumstances’.

The club said that after the Frasers Group purchased the stadium – from the former owners of Wasps Rugby Club, which collapsed into administration in October – the new owners said they were “looking forward to work with Coventry City Football Club.

The club added that it hoped Ashley’s business would ‘act on these words for the good of the arena, the football club, our fans and the town and community of which they are now a part’. .

Frasers Group have said they want to work with the club to secure their future at the stadium. “Frasers has, throughout its involvement with the stadium, supported securing the long-term future of CCFC playing its matches at the stadium. This position remains unchanged,” he said.

“Prior to acquiring the stadium, Frasers issued a new license reflecting the terms CCFC had agreed to with the previous owners. However, CCFC chose not to sign him at that time.

“A revised proposal, accompanied by a new license, has been issued to CCFC and will secure the immediate future of CCFC at the stadium.

“Signing the license would allow for more detailed discussions of CCFC’s long-term arrangements at the stadium, including addressing a number of requests that have been raised by CCFC. Frasers looks forward to working with the club to host the next matches.

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