Wasps Group and Coventry City Football Club have agreed a new deal for the Sky Blues to return to Coventry to play their home games at the Ricoh Arena.
But the EFL Championship club has still not given up on plans to develop a new stadium of its own on land at Warwick University.
Coventry City and Wasps have signed a 10-year license for the Sky Blues to play their home matches at the Arena until 2031, from the start of the 2021/22 season.
Coventry City will continue to play matches at St Andrew’s Stadium in Birmingham for the remainder of the 2020/21 campaign.
Coventry City chief executive Dave Boddy said:
We are thrilled to announce that the agreement for Coventry City to return to the city of Coventry and to the Ricoh Arena was signed in the last 24 hours. This is fantastic news for the club, our community and most importantly the supporters.
It’s a very positive deal for the football club, not only being rightly back in Coventry but also putting us on a strong footing to continue our development.
The deal is for 10 years with a break clause at 7 years, which accounts for the Club and our Owners aim of developing a stadium of our own with the University of Warwick and at the same time giving us stability.
In the meantime, there are positive changes at the Ricoh Arena that fans will see compared to recent years that we have been there, and we look forward to announcing details of those to our fans in the coming weeks and months.
Stephen Vaughan, Wasps Group chief executive, said:
We are delighted that Coventry City are returning to the Ricoh Arena – it is great news for the city. It is time to put the past firmly behind us. There has been a massive amount of work going on behind the scenes to get us to this point as both organisations felt it was very important that we agreed a long-term deal to bring certainty and continuity, which would in turn allow us to build even stronger futures.
August will now mark the start of a new era for both Wasps Group and Coventry City. This year will see the arena host events for the City of Culture celebrations and the Rugby League World Cup, as well as start preparations for the Commonwealth Games in 2022.
The news that we will be welcoming Coventry City back is yet another positive piece of news for the area and a real boost to everybody as we come out of what has been an extremely difficult time for many people.