Coventry City stadium charity court case ends in draw
- 4 April 2014
- From the section Coventry & Warwickshire
A court case between a charity that part owns Coventry's Ricoh Arena and the former owner of Coventry City Football Club has ended with neither side winning damages.
On Thursday the Alan Higgs Charity heard it could not claim £29,000 after a deal to sell their share of the ground to Sisu collapsed in 2012.
The judge at Birmingham High Court dismissed a counter claim by Sisu for £290,000 on Wednesday.
The club left the arena in a rent row.
City played at the Ricoh Arena since its opening in 2005 but last summer moved to Northampton's Sixfields Stadium.
After a three-day hearing Mr Justice Leggatt issued a 20-page judgement concluding: "The transaction failed for reasons which do not fall within any of the three lines which would entitle the trustees to recover their costs - I find that the trustees are not entitled to recover their wasted costs."
He said there was no implied term of ''good faith'' in the negotiations between the Alan Higgs Charity and Sisu over the sale.
Sisu's legal battles continue as it has called for a judicial review into a £14m loan from Coventry City Council to Ricoh operators Arena Coventry Limited.
Sisu claimed the loan was an unlawful use of public funds, but the council said it was happy it had a "robust defence".
The review will be held at the High Court in London in June.