Pinsent Masons and Kennedys have advised on the sale of Coventry’s Ricoh Arena to Wasps in a deal that will see the Premiership rugby club play its home matches 80 miles north of their current ground as of December.
Wasps’ £20m bid for a 50% interest in the 32,000-seat stadium was unanimously accepted by Coventry City Council earlier this month, but supporters have expressed their frustration at the club’s decision to ditch its current base in High Wycombe, with more than 2,500 fans signing an online petition against the move.
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