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Coventry City FC moves to sell stadium it doesn’t own

Coventry City’s football stadium could be up for sale, along with the club itself.

Sisu, the the Mayfair-based hedge fund that owns the football club, said it was open to offers after local rugby team Wasps, which owns the shared stadium, admitted missing payments on the stadium’s £35m bond.

Sisu believes Wasps’ distress presents an opportunity for a third party to make an offer for the club and, at the same time, bid to acquire the lease for the Coventry Building Society Arena.

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