WASPS ANNOUNCE ACQUISITION OF 50% SHAREHOLDING IN RICOH ARENA
Land Rover and EMC also revealed as new official sponsors on ground-breaking day for Wasps.
Wasps have today announced the acquisition of a 50% interest in the Ricoh Arena with immediate effect.
Wasps become the joint owners of one of Europe’s largest multi-purpose venues having acquired a 50% interest in Arena Coventry Limited from Coventry City Council.
Wasps will play their first home game at the Ricoh Arena in December 2014 – either Castres or London Irish – but will continue to play home games at Adams Park in High Wycombe until then.
Nick Eastwood, Wasps Chief Executive Officer, commented:
“Today’s announcement is a watershed moment in the history of Wasps and the professional game. It will help us realise our ambition to re-establish ourselves as one of the best teams in Europe and will guarantee the long term success of the Club.
Jacky Isaac, Arena Coventry Limited Interim Chief Executive Officer, commented:
“We’re delighted with the news that the Ricoh Arena is now home to Aviva Premiership team Wasps. The welcome return of CCFC and the imminent arrival of Wasps mean the Ricoh Arena has truly realised its potential as home for top flight sport.
“There are a number of stadiums in the UK that are home to both rugby and football teams and the Ricoh Arena is an obvious choice given its history around hosting both sports, including Wasps when they played here as part of the Heineken Cup in 2007 and attracted a near capacity crowd.
“We look forward to welcoming Wasps fans to the City and to the Ricoh Arena and we really hope that they enjoy this state of the art venue with its many attributes.”
The full press release can be found attached to this page below.