6 hours ago
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Alice Cullinane
BBC News, West Midlands
PA Media
Coventry City owner Doug King (left), pictured with manager Frank Lampard, said the purchase was a pivotal moment for the club
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".
"This is more than a transaction. It is a statement of ambition and belief in Coventry," he said.
The announcement comes in the week of the 20th anniversary since the arena opened. The club said it would provide "long-term stability".
PA Media
Owner of the club Doug King said it marked a "pivotal moment" in the club's history
King thanked supporters for their "unwavering" loyalty through years of uncertainty and said the ownership came with "immense pride and great joy".
"As owners we can invest in facilities, fan experience, and wider opportunities for our community. We are proud to finally call this stadium our own."
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